Semanteon Capital Management LP purchased a new stake in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,643 shares of the software maker's stock, valued at approximately $1,451,000. Shopify comprises 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 25th largest holding.
A number of other institutional investors have also recently bought and sold shares of SHOP. PFG Private Wealth Management LLC increased its stake in Shopify by 3,657.1% in the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock valued at $28,000 after buying an additional 256 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Shopify during the fourth quarter worth approximately $39,000. Mather Group LLC. increased its holdings in Shopify by 84.8% in the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker's stock valued at $43,000 after buying an additional 184 shares during the period. Brooklyn Investment Group bought a new position in shares of Shopify in the 3rd quarter valued at $33,000. Finally, Sierra Ocean LLC acquired a new position in Shopify during the 4th quarter worth approximately $46,000. Institutional investors and hedge funds own 69.27% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Morgan Stanley raised their target price on Shopify from $126.00 to $144.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Benchmark upgraded Shopify from a "hold" rating to a "buy" rating and set a $150.00 target price on the stock in a report on Monday, February 10th. Jefferies Financial Group boosted their price objective on Shopify from $110.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, February 18th. UBS Group increased their price target on Shopify from $110.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Finally, Moffett Nathanson lifted their target price on Shopify from $86.00 to $99.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $126.31.
Read Our Latest Research Report on SHOP
Shopify Stock Up 0.6 %
Shares of NYSE:SHOP traded up $0.65 during midday trading on Tuesday, reaching $109.93. The company's stock had a trading volume of 5,749,047 shares, compared to its average volume of 8,608,385. The firm has a 50 day moving average of $110.19 and a 200-day moving average of $100.01. Shopify Inc. has a 12-month low of $48.56 and a 12-month high of $129.38. The firm has a market capitalization of $142.34 billion, a P/E ratio of 70.92, a PEG ratio of 4.82 and a beta of 2.60.
Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last issued its earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. On average, research analysts predict that Shopify Inc. will post 1.12 EPS for the current year.
Shopify Profile
(
Free Report)
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
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