Natixis Advisors L.P. Has $78.74 Million Stock Holdings in Shopify Inc. (NYSE:SHOP)

Natixis Advisors L.P. reduced its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,010,757 shares of the software maker’s stock after selling 40,183 shares during the period. Natixis Advisors L.P. owned 0.08% of Shopify worth $78,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC raised its stake in Shopify by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 593,439 shares of the software maker’s stock valued at $46,229,000 after purchasing an additional 5,894 shares during the last quarter. JFG Wealth Management LLC acquired a new position in shares of Shopify during the fourth quarter valued at about $1,091,000. First Trust Direct Indexing L.P. lifted its stake in shares of Shopify by 26.3% in the fourth quarter. First Trust Direct Indexing L.P. now owns 13,942 shares of the software maker’s stock valued at $1,086,000 after buying an additional 2,901 shares during the period. Great Valley Advisor Group Inc. grew its position in Shopify by 4.4% during the fourth quarter. Great Valley Advisor Group Inc. now owns 13,871 shares of the software maker’s stock worth $1,081,000 after buying an additional 583 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new position in Shopify during the fourth quarter valued at about $364,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Scotiabank boosted their price target on shares of Shopify from $70.00 to $80.00 and gave the company a “sector perform” rating in a report on Thursday. ATB Capital lifted their price objective on Shopify from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of Shopify in a report on Wednesday, February 14th. StockNews.com raised Shopify from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company dropped their price objective on Shopify from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $79.03.

Shopify Stock Performance

Shares of NYSE:SHOP traded up $2.47 on Friday, hitting $74.47. The company had a trading volume of 7,342,075 shares, compared to its average volume of 9,243,041. The stock has a 50 day moving average price of $74.77 and a 200 day moving average price of $73.00. The company has a current ratio of 6.99, a quick ratio of 6.99 and a debt-to-equity ratio of 0.10. The stock has a market cap of $95.81 billion, a price-to-earnings ratio of 827.54 and a beta of 2.20. Shopify Inc. has a 1-year low of $45.50 and a 1-year high of $91.57.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Shopify had a return on equity of 4.48% and a net margin of 1.87%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. Analysts expect that Shopify Inc. will post 0.58 EPS for the current 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.