Tacita Capital Inc Makes New $462,000 Investment in Shopify Inc. (NYSE:SHOP)

Tacita Capital Inc bought a new position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,348 shares of the software maker's stock, valued at approximately $462,000.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE increased its position in Shopify by 4.3% during the 3rd quarter. US Bancorp DE now owns 66,992 shares of the software maker's stock worth $5,369,000 after buying an additional 2,776 shares during the period. Farther Finance Advisors LLC boosted its holdings in Shopify by 1.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 17,147 shares of the software maker's stock valued at $1,374,000 after purchasing an additional 312 shares during the period. Clear Creek Financial Management LLC grew its position in shares of Shopify by 2.4% during the 3rd quarter. Clear Creek Financial Management LLC now owns 7,215 shares of the software maker's stock worth $578,000 after purchasing an additional 172 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Shopify by 1.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 210,668 shares of the software maker's stock worth $16,883,000 after purchasing an additional 3,035 shares in the last quarter. Finally, Roman Butler Fullerton & Co. bought a new position in shares of Shopify during the third quarter worth approximately $214,000. Institutional investors own 69.27% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Benchmark raised 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. Piper Sandler lifted their price target on shares of Shopify from $94.00 to $104.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Mizuho raised their target price on Shopify from $68.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Loop Capital raised Shopify from a "hold" rating to a "buy" rating and increased their price target for the company from $110.00 to $140.00 in a research note on Friday, December 6th. Finally, ATB Capital lifted their price objective on Shopify from $145.00 to $170.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 12th. 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 company. According to MarketBeat.com, Shopify currently has an average rating of "Moderate Buy" and an average price target of $126.31.

Shopify Price Performance

NYSE:SHOP traded up $2.63 during mid-day trading on Thursday, reaching $108.78. 3,386,785 shares of the company's stock traded hands, compared to its average volume of 7,971,258. Shopify Inc. has a 12-month low of $48.56 and a 12-month high of $129.38. The company has a 50 day moving average price of $112.57 and a 200-day moving average price of $97.59. The firm has a market capitalization of $140.85 billion, a price-to-earnings ratio of 70.15, a PEG ratio of 4.82 and a beta of 2.47.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last announced its earnings results on Tuesday, February 11th. The software maker reported $0.34 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%. As a group, analysts forecast that Shopify Inc. will post 1.12 EPS for the current year.

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.