Calamos Advisors LLC Sells 20,888,868 Shares of Shopify Inc. $SHOP

Key Points

• Calamos Advisors LLC cut its stake in Shopify by 99.8% in Q4, selling 20,888,868 shares and retaining 40,604 shares valued at about $6,536,000.
• Analyst sentiment is broadly positive with an average rating of "Moderate Buy" and an average price target of $162.70 (analyst targets cited range roughly from $115 to $175, with 3 Strong Buy, 31 Buy, and 10 Hold ratings).
• Shopify shares recently opened at $125.83, trade in a 12‑month range of $88.14–$182.19, and the company has a market cap of about $164.1 billion with a P/E around 135.3.

Calamos Advisors LLC lessened its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 99.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,604 shares of the software maker's stock after selling 20,888,868 shares during the period. Calamos Advisors LLC's holdings in Shopify were worth $6,536,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shopify in the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC bought a new stake in Shopify in the fourth quarter valued at approximately $31,000. Sound Income Strategies LLC increased its position in shares of Shopify by 82.4% during the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock worth $31,000 after acquiring an additional 89 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Shopify during the third quarter worth $32,000. Finally, Caitlin John LLC bought a new stake in shares of Shopify during the third quarter worth $36,000. Institutional investors own 69.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SHOP shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $175.00 price objective on shares of Shopify in a research report on Thursday, February 12th. Evercore set a $135.00 price objective on shares of Shopify in a research report on Wednesday, February 11th. TD Cowen raised shares of Shopify from a "hold" rating to a "buy" rating and set a $159.00 price objective for the company in a research report on Wednesday, February 11th. Truist Financial set a $150.00 price objective on shares of Shopify and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus set a $115.00 price objective on shares of Shopify and gave the stock a "hold" rating in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $162.70.

Shopify Stock Performance

Shares of SHOP opened at $125.83 on Monday. Shopify Inc. has a 12 month low of $88.14 and a 12 month high of $182.19. The firm has a fifty day simple moving average of $122.15 and a 200 day simple moving average of $142.92. The stock has a market capitalization of $164.10 billion, a price-to-earnings ratio of 135.30, a PEG ratio of 4.47 and a beta of 2.82.

Shopify Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.

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