NZS Capital LLC reduced its position in shares of Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 540,465 shares of the software maker's stock after selling 42,246 shares during the period. Shopify comprises 2.4% of NZS Capital LLC's investment portfolio, making the stock its 15th largest holding. NZS Capital LLC's holdings in Shopify were worth $57,468,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidemark LLC increased its position in Shopify by 3.6% in the 4th quarter. Tidemark LLC now owns 2,592 shares of the software maker's stock valued at $276,000 after acquiring an additional 90 shares during the period. Howland Capital Management LLC grew its stake in shares of Shopify by 2.0% in the fourth quarter. Howland Capital Management LLC now owns 4,949 shares of the software maker's stock worth $526,000 after purchasing an additional 99 shares during the last quarter. Trust Co. of Vermont increased its holdings in Shopify by 9.9% in the fourth quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker's stock valued at $118,000 after purchasing an additional 100 shares during the period. First United Bank & Trust raised its position in Shopify by 2.2% during the 4th quarter. First United Bank & Trust now owns 4,590 shares of the software maker's stock worth $488,000 after purchasing an additional 100 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in Shopify by 50.0% during 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 period. Institutional investors and hedge funds own 69.27% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on SHOP shares. DA Davidson decreased their price target on Shopify from $150.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Evercore ISI increased their target price on shares of Shopify from $125.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on shares of Shopify from $110.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Shopify from $125.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, ATB Capital boosted their target price on shares of Shopify from $145.00 to $170.00 and gave the company a "sector perform" rating in a report on Wednesday, February 12th. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.14.
Get Our Latest Research Report on Shopify
Shopify Stock Up 2.5 %
SHOP stock traded up $2.43 during midday trading on Friday, hitting $99.44. The company's stock had a trading volume of 8,186,397 shares, compared to its average volume of 9,278,964. The stock has a market cap of $128.76 billion, a price-to-earnings ratio of 64.18, a PEG ratio of 4.82 and a beta of 2.82. The stock's 50-day moving average price is $94.95 and its 200 day moving average price is $102.18. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $129.38.
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 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%. As a group, equities analysts forecast that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.
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.
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