Shopify Inc. (NYSE:SHOP) Holdings Boosted by Everpar Advisors LLC

Everpar Advisors LLC grew its holdings in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the software maker’s stock after purchasing an additional 778 shares during the period. Everpar Advisors LLC’s holdings in Shopify were worth $383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Axxcess Wealth Management LLC boosted its position in Shopify by 15.1% during the 2nd quarter. Axxcess Wealth Management LLC now owns 12,469 shares of the software maker’s stock worth $824,000 after acquiring an additional 1,633 shares during the period. Wealth Alliance boosted its holdings in shares of Shopify by 26.2% during the second quarter. Wealth Alliance now owns 6,972 shares of the software maker’s stock worth $461,000 after purchasing an additional 1,448 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Shopify by 6.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 57,783 shares of the software maker’s stock valued at $3,817,000 after purchasing an additional 3,631 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Shopify by 0.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 31,858 shares of the software maker’s stock valued at $2,094,000 after buying an additional 218 shares during the period. Finally, Blair William & Co. IL lifted its position in Shopify by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 372,809 shares of the software maker’s stock worth $24,624,000 after buying an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Price Performance

Shopify stock opened at $103.47 on Friday. The business has a 50 day simple moving average of $108.71 and a 200 day simple moving average of $85.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10. The company has a market capitalization of $133.70 billion, a PE ratio of 96.71, a price-to-earnings-growth ratio of 2.18 and a beta of 2.46. Shopify Inc. has a one year low of $48.56 and a one year high of $120.72.

Analyst Ratings Changes

SHOP has been the topic of a number of research reports. Canaccord Genuity Group upped their price target on shares of Shopify from $80.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. KeyCorp lifted their price target on Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Scotiabank boosted their price target on Shopify from $75.00 to $80.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. JMP Securities reiterated a “market outperform” rating and issued a $120.00 target price on shares of Shopify in a research note on Thursday, December 12th. Finally, Mizuho increased their price target on shares of Shopify from $68.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.31.

About Shopify

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.