WINTON GROUP Ltd Has $1.05 Million Stock Holdings in Shopify Inc. (NYSE:SHOP)

WINTON GROUP Ltd lowered its position in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 45.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,881 shares of the software maker's stock after selling 8,303 shares during the quarter. WINTON GROUP Ltd's holdings in Shopify were worth $1,051,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SHOP. Korea Investment CORP raised its holdings in shares of Shopify by 0.6% during the 4th quarter. Korea Investment CORP now owns 1,003,030 shares of the software maker's stock valued at $106,695,000 after purchasing an additional 6,014 shares in the last quarter. Mufg Securities Canada LTD. raised its holdings in Shopify by 72.4% during the fourth quarter. Mufg Securities Canada LTD. now owns 1,852,031 shares of the software maker's stock valued at $196,984,000 after buying an additional 777,696 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted 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 worth $32,000 after buying an additional 100 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Shopify during the 4th quarter worth about $160,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Shopify by 4.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 975,362 shares of the software maker's stock valued at $103,718,000 after acquiring an additional 40,588 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Shopify Price Performance

Shares of SHOP stock traded up $2.16 on Tuesday, reaching $97.64. 10,301,385 shares of the stock were exchanged, compared to its average volume of 8,807,333. Shopify Inc. has a one year low of $48.56 and a one year high of $129.38. The stock has a market cap of $126.43 billion, a PE ratio of 62.99, a P/E/G ratio of 4.82 and a beta of 2.60. The stock has a 50 day moving average price of $109.88 and a 200 day moving average price of $101.33.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last issued its quarterly 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 return on equity of 12.00% and a net margin of 22.74%. On average, research analysts expect that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on SHOP shares. Scotiabank increased their price target on Shopify from $115.00 to $120.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. Benchmark raised shares of Shopify from a "hold" rating to a "buy" rating and set a $150.00 price objective for the company in a report on Monday, February 10th. Morgan Stanley upped their price target on shares of Shopify from $126.00 to $144.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Citigroup raised their price target on Shopify from $143.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada set a $145.00 price objective on Shopify and gave the stock an "outperform" rating in a research note on Friday, March 21st. One investment 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 assigned a strong buy rating to the stock. According to MarketBeat, Shopify presently has an average rating of "Moderate Buy" and an average target price of $126.31.

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.