695 Shares in Shopify Inc. (NYSE:SHOP) Bought by Compass Financial Services Inc

Compass Financial Services Inc acquired a new position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 695 shares of the software maker’s stock, valued at approximately $74,000.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Shopify during the third quarter worth about $33,000. Rosenberg Matthew Hamilton raised its holdings in Shopify by 41.3% in the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after acquiring an additional 133 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Shopify during the 4th quarter worth $39,000. Mather Group LLC. grew its holdings in Shopify by 84.8% during the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock worth $43,000 after acquiring an additional 184 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Shopify in the 3rd quarter valued at about $45,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Trading Down 1.1 %

Shares of NYSE SHOP opened at $117.33 on Friday. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $122.81. The company has a market cap of $151.60 billion, a price-to-earnings ratio of 109.65, a P/E/G ratio of 2.49 and a beta of 2.47. The business has a fifty day simple moving average of $110.91 and a 200-day simple moving average of $90.53.

Analysts Set New Price Targets

Several analysts recently weighed in on SHOP shares. Piper Sandler boosted their price objective on Shopify from $67.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. New Street Research assumed coverage on Shopify in a research note on Friday, January 10th. They set a “neutral” rating and a $115.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Shopify from $80.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. KeyCorp lifted their price target on shares of Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 target price on shares of Shopify in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify has an average rating of “Moderate Buy” and a consensus price target of $100.32.

Shopify Company 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.