Shopify Inc. $SHOP Shares Acquired by Capital International Sarl

Capital International Sarl boosted its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 695,042 shares of the software maker’s stock after purchasing an additional 58,557 shares during the quarter. Shopify comprises 1.8% of Capital International Sarl’s investment portfolio, making the stock its 10th biggest position. Capital International Sarl owned 0.05% of Shopify worth $111,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHOP. Kingdom Financial Group LLC. bought a new position in Shopify in the fourth quarter valued at about $26,000. Curio Wealth LLC bought a new position in Shopify in the fourth quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shopify in the fourth quarter valued at about $29,000. Lodestone Wealth Management LLC bought a new position in Shopify in the fourth quarter valued at about $31,000. Finally, Sound Income Strategies LLC grew its position in Shopify by 82.4% in the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock valued at $31,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Truist Financial set a $150.00 target price on Shopify and gave the company a “buy” rating in a research report on Tuesday, February 17th. Wedbush decreased their target price on Shopify from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. National Bank Financial decreased their target price on Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 target price (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. Finally, Citizens Jmp decreased their target price on Shopify from $160.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify Trading Down 5.6%

NASDAQ:SHOP opened at $109.54 on Friday. The stock has a market cap of $142.15 billion, a P/E ratio of 108.46, a price-to-earnings-growth ratio of 3.07 and a beta of 2.60. The stock’s 50-day moving average is $114.55 and its 200-day moving average is $132.80. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results 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. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. As a group, equities analysts forecast that Shopify Inc. will post 1.36 EPS for the current year.

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.