Henry James International Management Inc. decreased its stake in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,495 shares of the software maker's stock after selling 19,656 shares during the quarter. Shopify makes up 4.1% of Henry James International Management Inc.'s portfolio, making the stock its 3rd biggest holding. Henry James International Management Inc.'s holdings in Shopify were worth $10,945,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in SHOP. Forte Capital LLC ADV purchased a new stake in Shopify in the 4th quarter worth $246,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of Shopify by 2,264.5% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 166,626 shares of the software maker's stock worth $12,980,000 after acquiring an additional 159,579 shares during the period. AJOVista LLC purchased a new stake in shares of Shopify during the fourth quarter worth about $646,000. Sapient Capital LLC purchased a new position in Shopify in the 4th quarter worth approximately $477,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Shopify by 43.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 20,685 shares of the software maker's stock worth $1,611,000 after purchasing an additional 6,311 shares in the last quarter. Institutional investors own 69.27% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Wedbush reiterated a "neutral" rating and set a $68.00 price objective on shares of Shopify in a research report on Tuesday, February 13th. Piper Sandler restated an "underweight" rating and set a $63.00 price objective on shares of Shopify in a research report on Thursday, April 11th. StockNews.com upgraded Shopify from a "sell" rating to a "hold" rating in a research report on Wednesday, April 24th. Wells Fargo & Company cut their price target on Shopify from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, February 14th. Finally, UBS Group upped their price objective on Shopify from $75.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $79.03.
Check Out Our Latest Stock Report on Shopify
Shopify Trading Up 3.4 %
Shopify stock traded up $2.46 during trading on Friday, reaching $74.46. 7,346,442 shares of the company were exchanged, compared to its average volume of 7,882,916. Shopify Inc. has a 52-week low of $45.50 and a 52-week high of $91.57. The company has a market capitalization of $95.80 billion, a P/E ratio of 827.43 and a beta of 2.20. The stock's 50 day simple moving average is $74.73 and its two-hundred day simple moving average is $73.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.99 and a quick ratio of 6.99.
Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Shopify had a net margin of 1.87% and a return on equity of 4.48%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. On average, equities research analysts expect that Shopify Inc. will post 0.59 earnings per share for the current fiscal year.
Shopify Company Profile
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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.
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