Nebula Research & Development LLC Makes New Investment in Shopify Inc. (NYSE:SHOP)

Nebula Research & Development LLC bought a new position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,775 shares of the software maker's stock, valued at approximately $827,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHOP. Allianz SE acquired a new stake in shares of Shopify during the fourth quarter worth $27,000. PFG Private Wealth Management LLC lifted its holdings in shares of Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its position in shares of Shopify by 50.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker's stock valued at $32,000 after purchasing an additional 100 shares during the period. New Wave Wealth Advisors LLC bought a new stake in Shopify during the 4th quarter worth approximately $39,000. Finally, Mather Group LLC. raised its holdings in Shopify by 84.8% during the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker's stock worth $43,000 after buying an additional 184 shares during the period. Institutional investors own 69.27% of the company's stock.

Shopify Stock Performance

Shares of NYSE:SHOP traded down $3.92 during mid-day trading on Wednesday, reaching $95.00. 13,222,962 shares of the company's stock were exchanged, compared to its average volume of 9,279,253. The firm has a market capitalization of $123.01 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 4.82 and a beta of 2.82. The business's fifty day moving average price is $95.72 and its 200-day moving average price is $102.14. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last released its earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. Analysts predict that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on SHOP shares. Cantor Fitzgerald dropped their target price on shares of Shopify from $120.00 to $80.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. CIBC raised their target price on shares of Shopify from $135.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. TD Securities raised their target price on shares of Shopify from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. New Street Research started coverage on shares of Shopify in a report on Friday, January 10th. They set a "neutral" rating and a $115.00 target price on the stock. Finally, DA Davidson dropped their target price on shares of Shopify from $150.00 to $115.00 and set a "buy" 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-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.14.

Shopify Company 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.