Capital International Ltd. CA Acquires 15,615 Shares of Shopify Inc. $SHOP

Capital International Ltd. CA increased its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 388,196 shares of the software maker’s stock after acquiring an additional 15,615 shares during the quarter. Shopify comprises 2.2% of Capital International Ltd. CA’s portfolio, making the stock its 9th biggest holding. Capital International Ltd. CA’s holdings in Shopify were worth $62,488,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SHOP. Brighton Jones LLC increased its holdings in shares of Shopify by 2.8% during the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after acquiring an additional 584 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Shopify by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after acquiring an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Shopify by 6.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after acquiring an additional 506 shares during the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Shopify during the 2nd quarter worth approximately $53,000. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Shopify by 15.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after acquiring an additional 1,479 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Stock Down 5.6%

Shares of SHOP stock opened at $109.54 on Friday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The company has a market cap of $142.15 billion, a P/E ratio of 108.46, a P/E/G ratio of 3.07 and a beta of 2.60. The business has a fifty day simple moving average of $114.55 and a 200 day simple moving average of $132.80.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. As a group, equities research analysts anticipate that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Robert W. Baird set a $150.00 price objective on Shopify in a report on Wednesday, May 6th. Citigroup decreased their price objective on Shopify from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Moffett Nathanson raised Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Monday, February 9th. Benchmark decreased their price objective on Shopify from $195.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Finally, Barclays set a $126.00 price objective on Shopify and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.17.

About Shopify

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.