Kieckhefer Group LLC Invests $175,000 in Shopify Inc. (NYSE:SHOP)

Kieckhefer Group LLC purchased a new position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,650 shares of the software maker’s stock, valued at approximately $175,000.

Several other large investors have also bought and sold shares of SHOP. Oliver Lagore Vanvalin Investment Group increased its stake in Shopify by 100.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Brooklyn Investment Group bought a new position in Shopify in the 3rd quarter valued at $33,000. Rosenberg Matthew Hamilton increased its position in shares of Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Shopify in the 3rd quarter worth about $45,000. Finally, GAMMA Investing LLC grew its position in Shopify by 73.5% during the third quarter. GAMMA Investing LLC now owns 597 shares of the software maker’s stock valued at $48,000 after buying an additional 253 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Shopify Price Performance

NYSE:SHOP traded down $3.97 during trading hours on Monday, hitting $99.74. 3,945,765 shares of the stock traded hands, compared to its average volume of 5,471,774. The stock has a 50 day moving average price of $107.35 and a 200 day moving average price of $84.54. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The company has a market cap of $128.87 billion, a price-to-earnings ratio of 93.22, a price-to-earnings-growth ratio of 2.98 and a beta of 2.46. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $120.72.

Analysts Set New Price Targets

SHOP has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Shopify from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays increased their price objective on Shopify from $70.00 to $93.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Wedbush raised Shopify from a “neutral” rating to an “outperform” rating and upped their price target for the company from $115.00 to $125.00 in a research report on Monday, January 6th. Loop Capital raised Shopify from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $140.00 in a report on Friday, December 6th. Finally, Oppenheimer upped their price objective on shares of Shopify from $90.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.31.

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.