Winthrop Advisory Group LLC Has $369,000 Stock Holdings in Shopify Inc. (NYSE:SHOP)

Winthrop Advisory Group LLC increased its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,785 shares of the software maker’s stock after acquiring an additional 250 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Shopify were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SHOP. Private Wealth Management Group LLC acquired a new position in shares of Shopify in the 4th quarter worth approximately $26,000. SJS Investment Consulting Inc. boosted its position in Shopify by 59.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock valued at $27,000 after acquiring an additional 130 shares during the last quarter. DSM Capital Partners LLC acquired a new stake in Shopify during the 4th quarter worth about $28,000. Jones Financial Companies Lllp bought a new position in shares of Shopify in the 4th quarter worth about $28,000. Finally, Your Advocates Ltd. LLP lifted its stake in shares of Shopify by 4,344.4% in the 4th quarter. Your Advocates Ltd. LLP now owns 400 shares of the software maker’s stock valued at $31,000 after purchasing an additional 391 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho reduced their price objective on shares of Shopify from $75.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Needham & Company LLC reissued a “hold” rating on shares of Shopify in a research report on Thursday, May 9th. Barclays decreased their target price on Shopify from $68.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Citigroup increased their price target on Shopify from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Shopify from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.42.

Shopify Price Performance

Shares of SHOP traded down $0.32 during mid-day trading on Friday, reaching $66.05. 6,650,603 shares of the stock traded hands, compared to its average volume of 9,606,188. The company has a market cap of $85.12 billion, a price-to-earnings ratio of -388.53, a price-to-earnings-growth ratio of 3.32 and a beta of 2.27. Shopify Inc. has a 1 year low of $45.50 and a 1 year high of $91.57. The firm has a fifty day moving average price of $64.20 and a 200 day moving average price of $73.01. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 0.10.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its earnings results on Wednesday, May 8th. The software maker reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Shopify had a positive return on equity of 7.36% and a negative net margin of 2.82%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, equities research analysts predict that Shopify Inc. will post 0.61 earnings per share for the current year.

Shopify Company 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.