Shopify Inc. (NYSE:SHOP) Shares Sold by Henry James International Management Inc.

Henry James International Management Inc. decreased its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,495 shares of the software maker’s stock after selling 19,656 shares during the quarter. Shopify accounts for about 4.1% of Henry James International Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Henry James International Management Inc.’s holdings in Shopify were worth $10,945,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. StoneCrest Wealth Management Inc. purchased a new position in shares of Shopify during the 4th quarter valued at approximately $1,164,000. Asset Management One Co. Ltd. boosted its stake in shares of Shopify by 4,007.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 35,488 shares of the software maker’s stock valued at $2,807,000 after buying an additional 34,624 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Shopify during the 4th quarter valued at approximately $433,000. Bleakley Financial Group LLC boosted its stake in shares of Shopify by 18.5% during the 4th quarter. Bleakley Financial Group LLC now owns 10,778 shares of the software maker’s stock valued at $840,000 after buying an additional 1,681 shares during the last quarter. Finally, Advisor Resource Council purchased a new position in shares of Shopify during the 4th quarter valued at approximately $1,488,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Trading Up 3.4 %

Shares of NYSE:SHOP traded up $2.46 during midday trading on Friday, reaching $74.46. The company had a trading volume of 7,346,442 shares, compared to its average volume of 7,882,916. The company has a fifty day simple moving average of $74.73 and a two-hundred day simple moving average of $73.14. The firm has a market cap of $95.80 billion, a price-to-earnings 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. The company has a debt-to-equity ratio of 0.10, a quick ratio of 6.99 and a current ratio of 6.99.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its 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 net margin of 1.87% and a return on equity of 4.48%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Research analysts predict that Shopify Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

SHOP has been the subject of several research analyst reports. CIBC increased their target price on Shopify from $82.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Loop Capital reduced their price objective on Shopify from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. StockNews.com upgraded Shopify from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. ATB Capital raised their price objective on Shopify from $105.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Finally, Roth Capital raised their price objective on Shopify from $85.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.03.

Shopify 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.