182 Shares in Shopify Inc. (NYSE:SHOP) Acquired by Livingston Group Asset Management CO operating as Southport Capital Management


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Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 182 shares of the software maker’s stock, valued at approximately $206,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CNB Bank increased its stake in shares of Shopify by 9.9% during the third quarter. CNB Bank now owns 111 shares of the software maker’s stock worth $113,000 after buying an additional 10 shares during the period. Ausdal Financial Partners Inc. increased its stake in shares of Shopify by 3.6% during the third quarter. Ausdal Financial Partners Inc. now owns 344 shares of the software maker’s stock worth $352,000 after buying an additional 12 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Shopify by 3.3% during the third quarter. Cornerstone Wealth Management LLC now owns 437 shares of the software maker’s stock worth $447,000 after buying an additional 14 shares during the period. NEXT Financial Group Inc increased its stake in shares of Shopify by 4.7% during the third quarter. NEXT Financial Group Inc now owns 309 shares of the software maker’s stock worth $316,000 after buying an additional 14 shares during the period. Finally, Valmark Advisers Inc. increased its stake in Shopify by 4.9% in the third quarter. Valmark Advisers Inc. now owns 298 shares of the software maker’s stock valued at $305,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 59.45% of the company’s stock.

Shares of SHOP stock opened at $1,199.82 on Thursday. The stock’s fifty day simple moving average is $1,124.13 and its 200 day simple moving average is $1,028.47. Shopify Inc. has a one year low of $305.30 and a one year high of $1,285.19. The firm has a market cap of $146.27 billion, a price-to-earnings ratio of -1,966.89, a P/E/G ratio of 96.18 and a beta of 1.48.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Thursday, October 29th. The software maker reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $1.21. Shopify had a positive return on equity of 0.32% and a negative net margin of 3.25%. The business had revenue of $767.40 million during the quarter, compared to the consensus estimate of $652.60 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. The firm’s revenue was up 96.5% on a year-over-year basis. As a group, research analysts anticipate that Shopify Inc. will post 0.34 EPS for the current year.

Several equities analysts have commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $1,250.00 price target on shares of Shopify in a research note on Thursday, October 1st. Loop Capital dropped their price target on shares of Shopify from $1,100.00 to $1,000.00 and set a “hold” rating on the stock in a research note on Monday, September 21st. ValuEngine lowered shares of Shopify from a “buy” rating to a “hold” rating in a research note on Tuesday, December 1st. 140166 began coverage on shares of Shopify in a research note on Wednesday, December 2nd. They issued a “neutral” rating and a $950.00 price target on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Shopify from $1,318.00 to $1,323.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $1,058.93.

Shopify Company Profile

Shopify Inc, a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing.

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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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