Compass Capital Corp MA ADV bought a new stake in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,795 shares of the software maker's stock, valued at approximately $362,000.
Several other large investors have also recently made changes to their positions in the business. Allianz SE bought a new stake in shares of Shopify in the 4th quarter worth $27,000. PFG Private Wealth Management LLC boosted its position in shares of Shopify by 3,657.1% during the fourth quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock valued at $28,000 after buying an additional 256 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Shopify in the 4th quarter worth about $30,000. Mark Sheptoff Financial Planning LLC raised its position in Shopify by 50.0% in the 4th 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. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Shopify during the fourth quarter valued at approximately $46,000. 69.27% of the stock is currently owned by hedge funds and other institutional investors.
Shopify Trading Down 0.5%
Shares of Shopify stock opened at $105.97 on Thursday. The firm has a market cap of $137.48 billion, a PE ratio of 68.37, a PEG ratio of 4.82 and a beta of 2.63. The stock has a 50 day moving average of $99.86 and a 200 day moving average of $104.96. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $129.38.
Analysts Set New Price Targets
Several research firms have recently weighed in on SHOP. National Bankshares lowered their price target on Shopify from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Morgan Stanley upped their price objective on Shopify from $106.00 to $112.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. The Goldman Sachs Group dropped their target price on Shopify from $150.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Loop Capital cut their price target on Shopify from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, DA Davidson increased their price objective on shares of Shopify from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Shopify presently has a consensus rating of "Moderate Buy" and an average target price of $115.66.
Check Out Our Latest Research Report 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.
Further Reading
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