827 Shares in Shopify Inc. (NYSE:SHOP) Purchased by Veriti Management LLC


Share on StockTwits

Veriti Management LLC bought a new position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 827 shares of the software maker’s stock, valued at approximately $936,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Keybank National Association OH lifted its holdings in shares of Shopify by 0.3% during the fourth quarter. Keybank National Association OH now owns 2,473 shares of the software maker’s stock worth $2,799,000 after purchasing an additional 7 shares during the period. Tradewinds Capital Management LLC lifted its holdings in Shopify by 17.1% in the fourth quarter. Tradewinds Capital Management LLC now owns 48 shares of the software maker’s stock valued at $54,000 after acquiring an additional 7 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Shopify by 1.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 512 shares of the software maker’s stock valued at $579,000 after acquiring an additional 7 shares during the period. Harrington Investments INC lifted its holdings in Shopify by 1.9% in the fourth quarter. Harrington Investments INC now owns 489 shares of the software maker’s stock valued at $554,000 after acquiring an additional 9 shares during the period. Finally, Congress Park Capital LLC lifted its holdings in Shopify by 4.9% in the fourth quarter. Congress Park Capital LLC now owns 216 shares of the software maker’s stock valued at $245,000 after acquiring an additional 10 shares during the period. 56.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Shopify stock opened at $1,131.01 on Monday. The business’s fifty day simple moving average is $1,276.01 and its 200-day simple moving average is $1,098.91. Shopify Inc. has a 52 week low of $305.30 and a 52 week high of $1,499.75. The company has a quick ratio of 17.87, a current ratio of 17.87 and a debt-to-equity ratio of 0.14. The firm has a market cap of $137.88 billion, a PE ratio of 720.39, a price-to-earnings-growth ratio of 37.63 and a beta of 1.60.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its earnings results on Wednesday, February 17th. The software maker reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $1.02. Shopify had a return on equity of 2.35% and a net margin of 7.99%. The firm had revenue of $977.74 million for the quarter, compared to analyst estimates of $906.82 million. As a group, equities analysts expect that Shopify Inc. will post 1.49 earnings per share for the current year.

SHOP has been the subject of a number of analyst reports. National Bank Financial boosted their price target on Shopify from $1,400.00 to $1,650.00 and gave the company an “outperform” rating in a report on Friday, February 19th. Canaccord Genuity boosted their price objective on Shopify from $1,000.00 to $1,350.00 and gave the company a “hold” rating in a research report on Thursday, February 25th. Zacks Investment Research upgraded Shopify from a “hold” rating to a “strong-buy” rating and set a $1,319.00 price objective for the company in a research report on Tuesday, December 29th. Roth Capital boosted their price objective on Shopify from $1,225.00 to $1,325.00 and gave the company a “neutral” rating in a research report on Thursday, February 25th. Finally, Morgan Stanley boosted their price target on Shopify from $1,100.00 to $1,300.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $1,288.67.

Shopify 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.

Read More: Intrinsic Value

Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NYSE:SHOP) (TSE:SHOP).

Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.