Guggenheim Capital LLC Has $700,000 Holdings in Shopify Inc. (NYSE:SHOP)

Guggenheim Capital LLC lowered its position in Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 39.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,580 shares of the software maker's stock after selling 4,295 shares during the period. Guggenheim Capital LLC's holdings in Shopify were worth $700,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Tidemark LLC increased its holdings in Shopify by 3.6% during the 4th quarter. Tidemark LLC now owns 2,592 shares of the software maker's stock worth $276,000 after purchasing an additional 90 shares in the last quarter. Howland Capital Management LLC grew its holdings in shares of Shopify by 2.0% during the fourth quarter. Howland Capital Management LLC now owns 4,949 shares of the software maker's stock worth $526,000 after buying an additional 99 shares in the last quarter. Trust Co. of Vermont raised its position in Shopify by 9.9% in the 4th quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker's stock valued at $118,000 after buying an additional 100 shares during the last quarter. First United Bank & Trust raised its position in Shopify by 2.2% in the 4th quarter. First United Bank & Trust now owns 4,590 shares of the software maker's stock valued at $488,000 after buying an additional 100 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in 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 acquiring an additional 100 shares in the last quarter. Institutional investors own 69.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Loop Capital lowered their price objective on shares of Shopify from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Truist Financial lifted their price target on shares of Shopify from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Wednesday, February 12th. Evercore ISI increased their price objective on shares of Shopify from $125.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. National Bankshares lowered their target price on Shopify from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, TD Securities upped their target price on Shopify from $100.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $118.14.

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 9,279,258. The business's fifty day moving average price is $95.32 and its 200-day moving average price is $102.09. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38. 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.

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

Shopify 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.