Bank of New Hampshire Has $1.90 Million Holdings in Shopify Inc. $SHOP

Bank of New Hampshire grew its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 885.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,810 shares of the software maker’s stock after buying an additional 11,510 shares during the quarter. Bank of New Hampshire’s holdings in Shopify were worth $1,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new position in shares of Shopify in the second quarter valued at approximately $25,000. Financial Gravity Companies Inc. purchased a new stake in Shopify during the second quarter valued at $27,000. Rothschild Investment LLC increased its holdings in Shopify by 47.5% in the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after purchasing an additional 100 shares during the period. Finally, Coastline Trust Co bought a new position in shares of Shopify in the second quarter worth about $29,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

Shares of SHOP stock opened at $159.85 on Tuesday. The firm has a fifty day moving average price of $159.51 and a 200-day moving average price of $140.39. The company has a market cap of $208.10 billion, a price-to-earnings ratio of 118.41, a PEG ratio of 6.10 and a beta of 2.82. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Equities research analysts expect that Shopify Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Benchmark reissued a “buy” rating on shares of Shopify in a report on Wednesday, December 3rd. Citigroup reiterated a “market outperform” rating on shares of Shopify in a research report on Thursday, December 4th. UBS Group set a $195.00 target price on Shopify in a research report on Wednesday, December 3rd. DA Davidson increased their price objective on shares of Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus set a $175.00 price objective on shares of Shopify in a report on Tuesday, November 4th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Shopify has a consensus rating of “Hold” and an average price target of $166.53.

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.