1,998 Shares in Shopify Inc. (NYSE:SHOP) Bought by Smith Anglin Financial LLC

Smith Anglin Financial LLC bought a new position in shares of Shopify Inc. (NYSE:SHOPFree 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

Several brokerages recently commented on SHOP. Scotiabank increased their target price on shares of Shopify from $75.00 to $80.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Royal Bank of Canada upped their price target on shares of Shopify from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and set a $120.00 price target on shares of Shopify in a research report on Thursday, December 12th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price target on shares of Shopify in a research report on Monday, October 7th. Finally, Oppenheimer upped their price target on shares of Shopify from $90.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Shopify has a consensus rating of “Moderate Buy” and an average target price of $100.31.

Check Out Our Latest Stock Analysis 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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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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