SG Americas Securities LLC raised its stake in Shopify Inc (NYSE:SHOP) (TSE:SHOP) by 3.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,723 shares of the software maker’s stock after purchasing an additional 614 shares during the period. SG Americas Securities LLC’s holdings in Shopify were worth $6,147,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. New Capital Management LP purchased a new position in shares of Shopify during the third quarter worth approximately $31,000. Gs Investments Inc. grew its position in shares of Shopify by 178.6% during the third quarter. Gs Investments Inc. now owns 117 shares of the software maker’s stock worth $36,000 after acquiring an additional 75 shares during the last quarter. Aperio Group LLC purchased a new position in shares of Shopify during the second quarter worth approximately $37,000. Advisors Preferred LLC purchased a new position in shares of Shopify during the second quarter worth approximately $39,000. Finally, Ropes Wealth Advisors LLC grew its position in shares of Shopify by 41.0% during the second quarter. Ropes Wealth Advisors LLC now owns 148 shares of the software maker’s stock worth $44,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 58.19% of the company’s stock.
Shopify stock traded up $11.89 during midday trading on Friday, reaching $297.64. The company’s stock had a trading volume of 2,462,730 shares, compared to its average volume of 1,956,232. Shopify Inc has a fifty-two week low of $117.64 and a fifty-two week high of $409.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 11.21 and a current ratio of 11.21. The stock’s 50 day simple moving average is $315.54 and its 200 day simple moving average is $314.28. The firm has a market capitalization of $33.68 billion, a PE ratio of -487.93 and a beta of 1.18.
Shopify (NYSE:SHOP) (TSE:SHOP) last released its earnings results on Tuesday, October 29th. The software maker reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. Shopify had a negative return on equity of 3.36% and a negative net margin of 8.97%. The company had revenue of $390.55 million during the quarter, compared to the consensus estimate of $384.05 million. Equities analysts predict that Shopify Inc will post -0.84 earnings per share for the current year.
A number of equities analysts have recently issued reports on SHOP shares. Roth Capital set a $325.00 target price on shares of Shopify and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Robert W. Baird lowered their target price on shares of Shopify from $410.00 to $400.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $481.00 target price on shares of Shopify in a research report on Wednesday, October 30th. Raymond James raised their target price on shares of Shopify from $270.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Shopify from a “hold” rating to a “sell” rating and set a $379.00 target price on the stock. in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $341.30.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, 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, ship orders, build customer relationships, leverage analytics and reporting, and access financing.
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