Smith Anglin Financial LLC bought a new position in shares of Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,998 shares of the software maker’s stock, valued at approximately $212,000.
Other large investors have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group boosted its holdings in Shopify by 100.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group acquired a new position in Shopify during the third quarter worth $33,000. Rosenberg Matthew Hamilton boosted its holdings in Shopify by 41.3% during the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after purchasing an additional 133 shares during the last quarter. Truvestments Capital LLC acquired a new position in Shopify during the third quarter worth $45,000. Finally, GAMMA Investing LLC boosted its holdings in Shopify by 73.5% during the third quarter. GAMMA Investing LLC now owns 597 shares of the software maker’s stock worth $48,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.
Shopify Price Performance
SHOP stock opened at $104.31 on Thursday. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $120.72. The firm has a market cap of $134.78 billion, a P/E ratio of 97.49, a P/E/G ratio of 2.18 and a beta of 2.46. The company’s 50-day moving average price is $108.26 and its two-hundred day moving average price is $85.04.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Shopify
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.
Read More
- Five stocks we like better than Shopify
- Insider Selling Explained: Can it Inform Your Investing Choices?
- 4 Social Media Stocks Set to Gain as TikTok Ban Looms
- Compound Interest and Why It Matters When Investing
- How Do Stock Buybacks Affect Shareholders?
- 3 Ways To Invest In Coffee, Other Than Drinking It
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP).
Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.