Blair William & Co. IL Has $49.66 Million Holdings in Shopify Inc. (NYSE:SHOP)

Blair William & Co. IL boosted its position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,025 shares of the software maker's stock after acquiring an additional 9,819 shares during the quarter. Blair William & Co. IL's holdings in Shopify were worth $49,659,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SHOP. PFG Private Wealth Management LLC raised 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 acquiring an additional 256 shares during the period. Mark Sheptoff Financial Planning LLC raised its position in shares of Shopify by 50.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker's stock valued at $32,000 after purchasing an additional 100 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in shares of Shopify during the 4th quarter worth about $39,000. Mather Group LLC. boosted its holdings in shares of Shopify by 84.8% during the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker's stock worth $43,000 after buying an additional 184 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Shopify in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 69.27% of the company's stock.

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Shopify Trading Down 5.9 %

NYSE:SHOP traded down $6.01 during trading hours on Friday, hitting $96.51. 13,198,615 shares of the company were exchanged, compared to its average volume of 8,764,471. The stock has a market capitalization of $124.96 billion, a price-to-earnings ratio of 62.27, a price-to-earnings-growth ratio of 4.82 and a beta of 2.60. Shopify Inc. has a one year low of $48.56 and a one year high of $129.38. The company has a fifty day simple moving average of $110.21 and a 200 day simple moving average of $100.78.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.10). Shopify had a return on equity of 12.00% and a net margin of 22.74%. Equities research analysts predict that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on SHOP shares. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $120.00 target price on shares of Shopify in a research report on Wednesday, February 12th. New Street Research initiated coverage on Shopify in a report on Friday, January 10th. They issued a "neutral" rating and a $115.00 price objective on the stock. Wedbush reissued an "outperform" rating and set a $125.00 target price on shares of Shopify in a report on Tuesday, February 11th. JMP Securities restated a "market outperform" rating and issued a $120.00 price target on shares of Shopify in a research note on Thursday, December 12th. Finally, Citigroup lifted their price objective on shares of Shopify from $143.00 to $175.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Shopify presently has an average rating of "Moderate Buy" and a consensus price target of $126.31.

Shopify Profile

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.