Korea Investment CORP increased its position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,003,030 shares of the software maker's stock after purchasing an additional 6,014 shares during the period. Korea Investment CORP owned about 0.08% of Shopify worth $106,695,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Tidemark LLC grew its stake in shares of Shopify by 3.6% in the 4th quarter. Tidemark LLC now owns 2,592 shares of the software maker's stock valued at $276,000 after purchasing an additional 90 shares during the period. Howland Capital Management LLC grew its position in Shopify by 2.0% in the fourth quarter. Howland Capital Management LLC now owns 4,949 shares of the software maker's stock valued at $526,000 after acquiring an additional 99 shares during the period. Trust Co. of Vermont raised its stake in Shopify by 9.9% during the fourth quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker's stock worth $118,000 after acquiring an additional 100 shares in the last quarter. First United Bank & Trust grew its holdings in shares of Shopify by 2.2% in the 4th quarter. First United Bank & Trust now owns 4,590 shares of the software maker's stock worth $488,000 after purchasing an additional 100 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC increased its position in shares of Shopify by 50.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.
Shopify Stock Performance
Shopify stock traded down $6.01 during midday trading on Friday, reaching $96.51. The stock had a trading volume of 13,198,615 shares, compared to its average volume of 8,764,471. The stock has a market capitalization of $124.96 billion, a P/E ratio of 62.27, a price-to-earnings-growth ratio of 4.82 and a beta of 2.60. The firm's fifty day simple moving average is $110.21 and its 200-day simple moving average is $100.78. Shopify Inc. has a 1-year low of $48.56 and a 1-year high of $129.38.
Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last posted 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 net margin of 22.74% and a return on equity of 12.00%. On average, sell-side analysts anticipate that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SHOP has been the topic of several recent analyst reports. CIBC boosted their target price on Shopify from $135.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Morgan Stanley upped their price target on shares of Shopify from $126.00 to $144.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. ATB Capital boosted their target price on shares of Shopify from $145.00 to $170.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. Oppenheimer increased their price target on shares of Shopify from $130.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, DA Davidson boosted their price objective on shares of Shopify from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.31.
View Our Latest Research Report on Shopify
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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