Banco Bilbao Vizcaya Argentaria S.A. Buys 7,583 Shares of Shopify Inc. (NYSE:SHOP)

Banco Bilbao Vizcaya Argentaria S.A. raised its position in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,820 shares of the software maker's stock after buying an additional 7,583 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Shopify were worth $7,266,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allianz SE bought a new position in shares of Shopify in the fourth quarter worth $27,000. PFG Private Wealth Management LLC boosted 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 worth $28,000 after purchasing an additional 256 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in Shopify by 50.0% in 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 during the period. New Wave Wealth Advisors LLC purchased a new position in Shopify during the 4th quarter valued at about $39,000. Finally, Mather Group LLC. increased its position in shares of Shopify by 84.8% during the fourth 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. Hedge funds and other institutional investors own 69.27% of the company's stock.

Shopify Trading Up 1.5 %

Shopify stock traded up $1.45 during trading hours on Monday, hitting $98.57. 5,888,196 shares of the stock traded hands, compared to its average volume of 9,272,555. Shopify Inc. has a one year low of $48.56 and a one year high of $129.38. The firm's 50-day moving average price is $96.21 and its two-hundred day moving average price is $102.16. The company has a market cap of $127.63 billion, a PE ratio of 63.59, a PEG ratio of 4.82 and a beta of 2.82.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last released its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share 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, sell-side analysts expect that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Benchmark upgraded shares of Shopify from a "hold" rating to a "buy" rating and set a $150.00 price objective for the company in a research report on Monday, February 10th. Citigroup boosted their price target on shares of Shopify from $143.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Oppenheimer increased their price objective on Shopify from $130.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price objective on Shopify from $121.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird upped their target price on Shopify from $126.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $118.83.

Shopify Company 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.