Annis Gardner Whiting Capital Advisors LLC Acquires 13,612 Shares of Shopify Inc. $SHOP

Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 1,729.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,399 shares of the software maker’s stock after acquiring an additional 13,612 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Shopify were worth $2,140,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after purchasing an additional 584 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Shopify by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after buying an additional 7,544 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Shopify by 6.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after buying an additional 506 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Shopify by 18.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 189,070 shares of the software maker’s stock worth $21,809,000 after buying an additional 30,007 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in shares of Shopify by 3.2% in the second quarter. Capital Investment Advisors LLC now owns 4,830 shares of the software maker’s stock worth $557,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

SHOP has been the topic of a number of recent research reports. Royal Bank Of Canada set a $200.00 target price on Shopify and gave the company an “outperform” rating in a report on Monday. Barclays set a $140.00 price objective on shares of Shopify and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. CIBC restated an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Citigroup reaffirmed a “market outperform” rating on shares of Shopify in a report on Thursday, December 4th. Finally, DA Davidson lifted their price target on shares of Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Twenty-four equities research analysts have rated the stock with a Buy rating and twenty have given a Hold rating to the company. According to MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus price target of $171.61.

Shopify Stock Performance

SHOP opened at $138.92 on Thursday. The stock has a market cap of $180.85 billion, a price-to-earnings ratio of 102.90, a price-to-earnings-growth ratio of 4.06 and a beta of 2.83. The firm’s fifty day moving average is $158.72 and its 200 day moving average is $151.01. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%. On average, equities research analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

About Shopify

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.