B. Riley Wealth Management Inc. raised its holdings in Shopify Inc (NYSE:SHOP) (TSE:SHOP) by 32.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,209 shares of the software maker’s stock after purchasing an additional 784 shares during the period. B. Riley Wealth Management Inc.’s holdings in Shopify were worth $444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Proficio Capital Partners LLC raised its position in shares of Shopify by 7.4% in the 4th quarter. Proficio Capital Partners LLC now owns 1,079 shares of the software maker’s stock valued at $149,000 after purchasing an additional 74 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of Shopify by 90.9% in the 4th quarter. North Star Investment Management Corp. now owns 210 shares of the software maker’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. CX Institutional increased its holdings in shares of Shopify by 29.0% in the 4th quarter. CX Institutional now owns 445 shares of the software maker’s stock valued at $62,000 after acquiring an additional 100 shares during the last quarter. Reilly Financial Advisors LLC increased its holdings in shares of Shopify by 63.7% in the 4th quarter. Reilly Financial Advisors LLC now owns 257 shares of the software maker’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Shopify by 1.1% in the 4th quarter. Bessemer Group Inc. now owns 10,100 shares of the software maker’s stock valued at $1,399,000 after acquiring an additional 110 shares during the last quarter. 66.55% of the stock is currently owned by institutional investors.

SHOP has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $177.00 price target on shares of Shopify in a report on Monday, January 28th. Zacks Investment Research downgraded Shopify from a “hold” rating to a “strong sell” rating in a report on Monday, February 18th. KeyCorp boosted their price target on Shopify from $182.00 to $197.00 and gave the company an “overweight” rating in a report on Wednesday, February 13th. SunTrust Banks reiterated a “hold” rating and issued a $170.00 price target on shares of Shopify in a report on Thursday, February 14th. Finally, Mackie boosted their price target on Shopify from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Shopify currently has an average rating of “Buy” and a consensus price target of $189.75.

Shares of SHOP opened at $200.08 on Thursday. The firm has a market cap of $22.56 billion, a P/E ratio of -328.00 and a beta of 1.53. The company has a quick ratio of 15.35, a current ratio of 15.35 and a debt-to-equity ratio of 0.01. Shopify Inc has a 12 month low of $112.50 and a 12 month high of $209.59.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.32. The firm had revenue of $344.00 million during the quarter, compared to the consensus estimate of $327.45 million. Shopify had a negative return on equity of 3.52% and a negative net margin of 6.01%. The firm’s revenue was up 54.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, equities analysts forecast that Shopify Inc will post -0.93 earnings per share for the current fiscal year.

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Shopify Profile

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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