2,373 Shares in Shopify Inc. (NYSE:SHOP) Acquired by Full Sail Capital LLC

Full Sail Capital LLC purchased a new stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,373 shares of the software maker’s stock, valued at approximately $252,000.

Several other institutional investors also recently modified their holdings of SHOP. Tidemark LLC increased its position in shares of Shopify by 3.6% during the fourth quarter. Tidemark LLC now owns 2,592 shares of the software maker’s stock worth $276,000 after buying an additional 90 shares during the period. Howland Capital Management LLC raised its position in shares of Shopify by 2.0% in the 4th quarter. Howland Capital Management LLC now owns 4,949 shares of the software maker’s stock worth $526,000 after acquiring an additional 99 shares in the last quarter. Trust Co. of Vermont raised its position in shares of Shopify by 9.9% in the 4th quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker’s stock worth $118,000 after acquiring an additional 100 shares in the last quarter. First United Bank & Trust lifted its stake in shares of Shopify by 2.2% in the 4th quarter. First United Bank & Trust now owns 4,590 shares of the software maker’s stock valued at $488,000 after purchasing an additional 100 shares during the period. Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of Shopify by 50.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Stock Down 2.4 %

SHOP opened at $91.77 on Friday. The company has a market capitalization of $118.83 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 4.82 and a beta of 2.66. The firm has a 50-day moving average price of $93.29 and a 200-day moving average price of $102.73. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a return on equity of 12.00% and a net margin of 22.74%. On average, sell-side analysts expect that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on SHOP shares. BNP Paribas Exane lowered Shopify from an “outperform” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research note on Monday, May 5th. BMO Capital Markets started coverage on shares of Shopify in a research note on Tuesday. They set an “outperform” rating and a $120.00 target price on the stock. Benchmark decreased their price target on shares of Shopify from $150.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 17th. Finally, Citigroup boosted their target price on Shopify from $143.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $115.37.

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.