Beaird Harris Wealth Management LLC Has $80,000 Stake in Shopify Inc. (NYSE:SHOP)

Beaird Harris Wealth Management LLC increased its holdings in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 700.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,000 shares of the software maker’s stock after acquiring an additional 875 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Shopify were worth $80,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group boosted its stake in Shopify by 100.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Brooklyn Investment Group bought a new stake in shares of Shopify during the 3rd quarter worth approximately $33,000. Rosenberg Matthew Hamilton boosted its position in shares of Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Shopify during the second quarter valued at approximately $33,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Shopify during the second quarter worth $33,000. Institutional investors own 69.27% of the company’s stock.

Shopify Trading Down 0.6 %

NYSE SHOP opened at $114.63 on Friday. Shopify Inc. has a 52 week low of $48.56 and a 52 week high of $120.72. The business has a 50 day moving average price of $96.14 and a 200-day moving average price of $77.79. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The company has a market cap of $148.11 billion, a price-to-earnings ratio of 107.13, a P/E/G ratio of 3.05 and a beta of 2.46.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SHOP shares. Robert W. Baird lifted their price target on Shopify from $90.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Mizuho raised their price target on shares of Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Shopify from $90.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. increased their price objective on shares of Shopify from $74.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Truist Financial boosted their target price on shares of Shopify from $65.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.03.

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.