Brucke Financial Inc. Purchases New Holdings in Shopify Inc. (NYSE:SHOP)

Brucke Financial Inc. bought a new stake in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,151 shares of the software maker's stock, valued at approximately $718,000.

Several other large investors have also recently added to or reduced their stakes in SHOP. Capital World Investors increased its position in shares of Shopify by 0.9% during the 4th quarter. Capital World Investors now owns 53,102,707 shares of the software maker's stock valued at $5,646,455,000 after purchasing an additional 496,982 shares during the period. Vanguard Group Inc. increased its position in shares of Shopify by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 47,080,112 shares of the software maker's stock valued at $5,010,721,000 after purchasing an additional 781,162 shares during the period. FMR LLC grew its holdings in shares of Shopify by 3.4% in the 4th quarter. FMR LLC now owns 43,732,077 shares of the software maker's stock worth $4,653,054,000 after acquiring an additional 1,426,000 shares during the last quarter. Capital International Investors grew its holdings in shares of Shopify by 2.7% in the 4th quarter. Capital International Investors now owns 36,516,305 shares of the software maker's stock worth $3,883,039,000 after acquiring an additional 968,026 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Shopify by 79.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 16,487,579 shares of the software maker's stock worth $1,752,834,000 after acquiring an additional 7,316,862 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Stock Performance

Shares of Shopify stock traded down $2.73 during trading on Friday, reaching $104.97. The company's stock had a trading volume of 12,180,186 shares, compared to its average volume of 9,457,720. The business's fifty day moving average price is $95.31 and its 200-day moving average price is $105.13. The firm has a market cap of $135.92 billion, a price-to-earnings ratio of 67.72, a price-to-earnings-growth ratio of 4.82 and a beta of 2.66. Shopify Inc. has a one year low of $48.56 and a one year high of $129.38.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. ATB Capital lifted their target price on Shopify from $145.00 to $170.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Cantor Fitzgerald decreased their target price on Shopify from $120.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Piper Sandler lifted their target price on Shopify from $94.00 to $104.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Scotiabank decreased their target price on Shopify from $120.00 to $90.00 and set a "sector perform" rating on the stock in a report on Monday, April 28th. Finally, Mizuho decreased their target price on Shopify from $110.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Shopify has an average rating of "Moderate Buy" and a consensus target price of $115.37.

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.