Robeco Institutional Asset Management B.V. Has $94.76 Million Stake in Shopify Inc. $SHOP

Key Points

• Robeco Institutional Asset Management trimmed its stake in Shopify by 4.5% in Q4, selling 27,830 shares and now holding 588,670 shares worth about $94.76 million.
• Analysts have a consensus rating of “Moderate Buy” on SHOP with a consensus target price of $162.70 (3 Strong Buy, 31 Buy, 10 Hold).
• Shopify trades with a market cap of $144.48 billion, a P/E of 119.13, a one‑year range of $78.00–$182.19, and 50-/200‑day moving averages of $120.35 and $144.82 respectively.

Robeco Institutional Asset Management B.V. decreased its holdings in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588,670 shares of the software maker's stock after selling 27,830 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Shopify were worth $94,758,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC increased its holdings in shares of Shopify by 1.7% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker's stock valued at $512,000 after purchasing an additional 59 shares during the period. Accurate Wealth Management LLC increased its holdings in Shopify by 2.0% in the third quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker's stock worth $526,000 after buying an additional 67 shares during the last quarter. Moloney Securities Asset Management LLC increased its holdings in Shopify by 1.8% in the third quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker's stock worth $587,000 after buying an additional 70 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Shopify by 0.9% in the third quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker's stock worth $1,228,000 after buying an additional 75 shares during the last quarter. Finally, Seros Financial LLC increased its holdings in Shopify by 2.7% in the third quarter. Seros Financial LLC now owns 2,856 shares of the software maker's stock worth $424,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company's stock.

Shopify Price Performance

Shares of SHOP stock opened at $110.79 on Monday. The stock has a market cap of $144.48 billion, a P/E ratio of 119.13, a price-to-earnings-growth ratio of 3.93 and a beta of 2.82. Shopify Inc. has a one year low of $78.00 and a one year high of $182.19. The stock has a fifty day moving average price of $120.35 and a 200 day moving average price of $144.82.

Analysts Set New Price Targets

SHOP has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Shopify in a research report on Friday, March 27th. Canaccord Genuity Group set a $165.00 target price on Shopify and gave the stock a "buy" rating in a research report on Thursday, February 12th. Royal Bank Of Canada set a $170.00 target price on Shopify and gave the stock an "outperform" rating in a research report on Thursday, February 12th. TD Cowen raised Shopify from a "hold" rating to a "buy" rating and set a $159.00 target price for the company in a research report on Wednesday, February 11th. Finally, Wedbush reduced their price objective on Shopify from $185.00 to $160.00 and set an "outperform" rating for the company in a research report on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.70.

About Shopify

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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