Shopify Inc. (NYSE:SHOP) Stake Lifted by D Orazio & Associates Inc.

D Orazio & Associates Inc. increased its stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 533.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 19 shares of the software maker’s stock after acquiring an additional 16 shares during the period. D Orazio & Associates Inc.’s holdings in Shopify were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Farmers Trust Co. grew its stake in Shopify by 1.0% during the 3rd quarter. Farmers Trust Co. now owns 707 shares of the software maker’s stock worth $955,000 after buying an additional 7 shares during the last quarter. Souders Financial Advisors grew its stake in shares of Shopify by 1.0% in the third quarter. Souders Financial Advisors now owns 696 shares of the software maker’s stock worth $944,000 after purchasing an additional 7 shares in the last quarter. JGP Wealth Management LLC grew its stake in shares of Shopify by 2.1% in the second quarter. JGP Wealth Management LLC now owns 387 shares of the software maker’s stock worth $566,000 after purchasing an additional 8 shares in the last quarter. Kesler Norman & Wride LLC grew its stake in shares of Shopify by 2.5% in the second quarter. Kesler Norman & Wride LLC now owns 327 shares of the software maker’s stock worth $490,000 after purchasing an additional 8 shares in the last quarter. Finally, Alta Wealth Advisors LLC grew its stake in shares of Shopify by 0.5% in the third quarter. Alta Wealth Advisors LLC now owns 1,767 shares of the software maker’s stock worth $2,396,000 after purchasing an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 60.27% of the company’s stock.

Several research firms have recently issued reports on SHOP. Rosenblatt Securities reissued a “buy” rating and issued a $2,000.00 price target on shares of Shopify in a research note on Monday, November 29th. Loop Capital decreased their price target on Shopify from $1,600.00 to $1,300.00 in a research note on Thursday. Zacks Investment Research raised Shopify from a “strong sell” rating to a “hold” rating and set a $1,598.00 price target for the company in a research note on Wednesday, December 1st. TD Securities began coverage on Shopify in a research note on Thursday, October 14th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on Shopify in a research note on Monday, November 1st. They set a “hold” rating and a $1,650.00 target price for the company. Sixteen research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Shopify presently has a consensus rating of “Buy” and a consensus price target of $1,621.23.

Shares of NYSE SHOP opened at $1,102.91 on Friday. The firm has a market cap of $137.60 billion, a price-to-earnings ratio of 41.11, a P/E/G ratio of 8.33 and a beta of 1.41. The business’s 50-day simple moving average is $1,424.81 and its 200-day simple moving average is $1,459.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 13.97 and a current ratio of 13.97. Shopify Inc. has a 52 week low of $1,005.14 and a 52 week high of $1,762.92.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its earnings results on Thursday, October 28th. The software maker reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.34. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Shopify had a return on equity of 5.63% and a net margin of 81.00%. The company’s revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. As a group, equities research analysts forecast that Shopify Inc. will post 3.73 earnings per share for the current year.

Shopify Profile

Shopify, Inc operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm’s platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting.

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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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