Savant Capital LLC Raises Holdings in Shopify Inc. (NYSE:SHOP)

Savant Capital LLC boosted its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,425 shares of the software maker’s stock after buying an additional 181 shares during the quarter. Savant Capital LLC’s holdings in Shopify were worth $812,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Wealth Management Partners LLC lifted its position in shares of Shopify by 0.9% in the fourth quarter. Wealth Management Partners LLC now owns 13,922 shares of the software maker’s stock valued at $1,085,000 after acquiring an additional 126 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Shopify by 59.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock valued at $27,000 after purchasing an additional 130 shares in the last quarter. Pachira Investments Inc. lifted its holdings in Shopify by 2.1% in the 4th quarter. Pachira Investments Inc. now owns 7,084 shares of the software maker’s stock valued at $552,000 after purchasing an additional 146 shares in the last quarter. Baldwin Brothers LLC MA boosted its stake in shares of Shopify by 49.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock worth $35,000 after purchasing an additional 147 shares during the last quarter. Finally, Capital Advisors Inc. OK raised its position in shares of Shopify by 1.7% in the fourth quarter. Capital Advisors Inc. OK now owns 9,283 shares of the software maker’s stock valued at $723,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SHOP shares. National Bankshares raised their target price on shares of Shopify from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. StockNews.com raised Shopify from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Citigroup upgraded Shopify from a “neutral” rating to a “buy” rating and increased their target price for the stock from $93.00 to $105.00 in a research report on Monday, April 29th. Wedbush reissued a “neutral” rating and issued a $68.00 price target on shares of Shopify in a research note on Tuesday, February 13th. Finally, Barclays dropped their price objective on shares of Shopify from $70.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Shopify currently has an average rating of “Hold” and a consensus target price of $79.03.

Shopify Stock Performance

NYSE:SHOP opened at $74.46 on Friday. The firm has a 50-day moving average of $74.73 and a two-hundred day moving average of $73.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.99 and a quick ratio of 6.99. The stock has a market cap of $95.80 billion, a P/E ratio of 827.43 and a beta of 2.20. Shopify Inc. has a 1-year low of $45.50 and a 1-year high of $91.57.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. Shopify had a return on equity of 4.48% and a net margin of 1.87%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. On average, research analysts expect that Shopify Inc. will post 0.59 earnings per share for the current fiscal 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.