Jeppson Wealth Management LLC Has $1.68 Million Stock Position in Shopify Inc. (NYSE:SHOP)

Jeppson Wealth Management LLC raised its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 25,498 shares of the software maker’s stock after purchasing an additional 282 shares during the period. Jeppson Wealth Management LLC’s holdings in Shopify were worth $1,684,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SHOP. Wealthcare Advisory Partners LLC grew its stake in Shopify by 9.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 4,121 shares of the software maker’s stock worth $321,000 after purchasing an additional 341 shares during the period. Private Advisor Group LLC increased its stake in shares of Shopify by 7.5% in the 4th quarter. Private Advisor Group LLC now owns 31,572 shares of the software maker’s stock valued at $2,459,000 after acquiring an additional 2,208 shares in the last quarter. Lincoln National Corp lifted its position in shares of Shopify by 11.2% during the 4th quarter. Lincoln National Corp now owns 7,907 shares of the software maker’s stock valued at $616,000 after acquiring an additional 794 shares during the period. Vestor Capital LLC bought a new position in Shopify during the fourth quarter worth $54,000. Finally, Principal Securities Inc. bought a new stake in Shopify in the fourth quarter valued at $686,000. 69.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SHOP. UBS Group raised their target price on Shopify from $71.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Shopify from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Barclays upped their target price on Shopify from $63.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th. DA Davidson reduced their price target on shares of Shopify from $90.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Cantor Fitzgerald initiated coverage on shares of Shopify in a research note on Thursday. They set a “neutral” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.11.

Shopify Stock Performance

Shares of Shopify stock traded down $0.39 during trading hours on Friday, reaching $69.72. The company had a trading volume of 301,341 shares, compared to its average volume of 9,924,560. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.32 and a quick ratio of 7.32. Shopify Inc. has a one year low of $45.50 and a one year high of $91.57. The firm has a market cap of $89.85 billion, a PE ratio of -412.35, a price-to-earnings-growth ratio of 2.48 and a beta of 2.35. The business has a fifty day simple moving average of $66.97 and a 200 day simple moving average of $68.73.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its earnings results on Wednesday, August 7th. The software maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Shopify had a return on equity of 10.88% and a net margin of 16.40%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts anticipate that Shopify Inc. will post 0.76 earnings per share for the current fiscal 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.