J.W. Cole Advisors Inc. Takes Position in Shopify Inc. (NYSE:SHOP)

J.W. Cole Advisors Inc. acquired a new stake in Shopify Inc. (NYSE:SHOPGet Rating) (TSE:SHOP) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,148 shares of the software maker’s stock, valued at approximately $776,000.

Several other large investors also recently modified their holdings of the stock. Farmers Trust Co. grew its stake in shares of Shopify by 2.1% in the 1st quarter. Farmers Trust Co. now owns 735 shares of the software maker’s stock valued at $497,000 after purchasing an additional 15 shares during the period. Camden Capital LLC grew its position in Shopify by 0.7% during the 4th quarter. Camden Capital LLC now owns 2,560 shares of the software maker’s stock worth $3,526,000 after acquiring an additional 19 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in Shopify during the 4th quarter worth approximately $26,000. Evergreen Capital Management LLC grew its position in Shopify by 4.9% during the 4th quarter. Evergreen Capital Management LLC now owns 406 shares of the software maker’s stock worth $559,000 after acquiring an additional 19 shares during the last quarter. Finally, O Dell Group LLC grew its position in Shopify by 11.3% during the 4th quarter. O Dell Group LLC now owns 197 shares of the software maker’s stock worth $271,000 after acquiring an additional 20 shares during the last quarter. 54.64% of the stock is currently owned by institutional investors.

Shopify Price Performance

Shares of NYSE SHOP opened at $31.73 on Friday. The business’s 50 day moving average price is $34.94 and its two-hundred day moving average price is $45.32. The company has a market cap of $39.95 billion, a PE ratio of -20.94 and a beta of 1.82. The company has a quick ratio of 11.17, a current ratio of 11.17 and a debt-to-equity ratio of 0.10. Shopify Inc. has a twelve month low of $29.07 and a twelve month high of $176.29.

Shopify (NYSE:SHOPGet Rating) (TSE:SHOP) last announced its quarterly earnings results on Wednesday, July 27th. The software maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.04). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.33 billion. Shopify had a negative return on equity of 1.61% and a negative net margin of 38.01%. On average, analysts predict that Shopify Inc. will post -0.45 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price target on Shopify from $43.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, September 8th. TD Securities decreased their price target on Shopify from $40.00 to $39.00 and set a “hold” rating on the stock in a research report on Thursday, July 28th. Atlantic Securities upgraded Shopify from a “neutral” rating to an “overweight” rating and set a $46.00 price target on the stock in a research report on Thursday, August 11th. Piper Sandler lowered Shopify from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $32.00 in a research report on Thursday, July 28th. Finally, KGI Securities lowered Shopify from an “outperform” rating to a “neutral” rating in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Shopify presently has a consensus rating of “Hold” and an average price target of $72.33.

Shopify Company Profile

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Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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.

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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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