Bellecapital International Ltd. Purchases 6,265 Shares of Shopify Inc. (NYSE:SHOP)

Bellecapital International Ltd. lifted its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,068 shares of the software maker’s stock after acquiring an additional 6,265 shares during the quarter. Shopify accounts for about 1.2% of Bellecapital International Ltd.’s investment portfolio, making the stock its 26th largest holding. Bellecapital International Ltd.’s holdings in Shopify were worth $6,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SHOP. HM Payson & Co. grew its stake in shares of Shopify by 37.2% in the third quarter. HM Payson & Co. now owns 686 shares of the software maker’s stock worth $55,000 after acquiring an additional 186 shares during the period. US Bancorp DE grew its stake in shares of Shopify by 4.3% in the third quarter. US Bancorp DE now owns 66,992 shares of the software maker’s stock worth $5,369,000 after acquiring an additional 2,776 shares during the period. Stephens Inc. AR grew its stake in shares of Shopify by 17.3% in the third quarter. Stephens Inc. AR now owns 47,671 shares of the software maker’s stock worth $3,820,000 after acquiring an additional 7,029 shares during the period. Americana Partners LLC grew its stake in shares of Shopify by 157.2% in the third quarter. Americana Partners LLC now owns 15,555 shares of the software maker’s stock worth $1,247,000 after acquiring an additional 9,508 shares during the period. Finally, EMC Capital Management grew its stake in shares of Shopify by 198.7% in the third quarter. EMC Capital Management now owns 7,468 shares of the software maker’s stock worth $598,000 after acquiring an additional 4,968 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SHOP. DA Davidson lifted their price target on shares of Shopify from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Scotiabank raised their price objective on shares of Shopify from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th. Jefferies Financial Group raised their price objective on shares of Shopify from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, February 18th. Mizuho raised their price objective on shares of Shopify from $68.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Citigroup raised their price objective on shares of Shopify from $143.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify has an average rating of “Moderate Buy” and a consensus price target of $126.31.

Shopify Stock Up 1.0 %

SHOP stock opened at $111.97 on Friday. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38. The stock has a market capitalization of $144.98 billion, a price-to-earnings ratio of 72.24, a price-to-earnings-growth ratio of 4.82 and a beta of 2.47. The firm’s fifty day simple moving average is $112.88 and its two-hundred day simple moving average is $96.94.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted 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 12.00% and a net margin of 22.74%. As a group, equities research analysts expect that Shopify Inc. will post 1.12 EPS for the current year.

Shopify Company Profile

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.