Shopify Inc. (NYSE:SHOP) Shares Acquired by Certuity LLC

Certuity LLC raised its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,217 shares of the software maker’s stock after buying an additional 4,210 shares during the quarter. Certuity LLC’s holdings in Shopify were worth $2,576,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in Shopify by 14.7% in the third quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker’s stock valued at $5,078,176,000 after buying an additional 8,131,160 shares during the last quarter. FMR LLC lifted its holdings in shares of Shopify by 16.1% in the third quarter. FMR LLC now owns 42,306,077 shares of the software maker’s stock valued at $3,389,637,000 after buying an additional 5,869,795 shares during the period. National Bank of Canada FI grew its stake in shares of Shopify by 28.0% in the 3rd quarter. National Bank of Canada FI now owns 7,408,880 shares of the software maker’s stock worth $593,588,000 after purchasing an additional 1,621,981 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Shopify by 52.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,848,143 shares of the software maker’s stock worth $308,390,000 after acquiring an additional 1,325,350 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Shopify in the fourth quarter worth about $132,323,000. 69.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SHOP. New Street Research assumed coverage on shares of Shopify in a research report on Friday, January 10th. They set a “neutral” rating and a $115.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $120.00 price objective on shares of Shopify in a report on Thursday, December 12th. Atb Cap Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Benchmark upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Monday. Finally, Citigroup upped their target price on shares of Shopify from $143.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Shopify has a consensus rating of “Moderate Buy” and an average target price of $103.80.

Shopify Stock Up 3.4 %

Shares of NYSE SHOP opened at $123.98 on Wednesday. The company has a market cap of $160.19 billion, a price-to-earnings ratio of 115.87, a PEG ratio of 2.49 and a beta of 2.47. 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 firm’s fifty day moving average is $111.05 and its 200 day moving average is $91.37. Shopify Inc. has a 52 week low of $48.56 and a 52 week high of $125.95.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a return on equity of 11.60% and a net margin of 16.84%. On average, equities research analysts expect that Shopify Inc. will post 0.91 earnings per share for the current year.

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.