St. Louis Trust Co Takes $1.16 Million Position in Shopify Inc. $SHOP

St. Louis Trust Co bought a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 7,221 shares of the software maker’s stock, valued at approximately $1,162,000.

Several other large investors also recently made changes to their positions in SHOP. Moloney Securities Asset Management LLC boosted its stake in Shopify by 1.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker’s stock valued at $587,000 after purchasing an additional 70 shares during the last quarter. Seros Financial LLC boosted its stake in Shopify by 2.7% during the 3rd quarter. Seros Financial LLC now owns 2,856 shares of the software maker’s stock valued at $424,000 after purchasing an additional 75 shares during the last quarter. First Affirmative Financial Network boosted its stake in Shopify by 3.4% during the 3rd quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker’s stock valued at $338,000 after purchasing an additional 75 shares during the last quarter. TBH Global Asset Management LLC boosted its stake in Shopify by 1.2% during the 4th quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock valued at $1,036,000 after purchasing an additional 75 shares during the last quarter. Finally, Strategic Advisors LLC boosted its stake in Shopify by 0.3% during the 3rd quarter. Strategic Advisors LLC now owns 28,785 shares of the software maker’s stock valued at $4,278,000 after purchasing an additional 76 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Trading Down 1.8%

Shopify stock opened at $103.00 on Friday. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The business’s 50 day simple moving average is $116.29 and its 200 day simple moving average is $135.86. The company has a market cap of $133.66 billion, a price-to-earnings ratio of 101.98, a PEG ratio of 2.89 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. As a group, equities research analysts forecast that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SHOP. KeyCorp reiterated an “overweight” rating and set a $160.00 price target on shares of Shopify in a research note on Wednesday, February 11th. TD Cowen upgraded Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research note on Wednesday, February 11th. Wedbush cut their price target on Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Benchmark cut their price target on Shopify from $195.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $175.00 price target on shares of Shopify in a research note on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Shopify presently has an average rating of “Moderate Buy” and an average target price of $158.42.

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.