Shopify Inc. (NYSE:SHOP) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 4.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,392 shares of the software maker’s stock after acquiring an additional 159 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Shopify were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Howland Capital Management LLC increased its stake in shares of Shopify by 2.0% in the fourth quarter. Howland Capital Management LLC now owns 4,949 shares of the software maker’s stock valued at $526,000 after purchasing an additional 99 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Shopify by 9.9% in the fourth quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker’s stock valued at $118,000 after acquiring an additional 100 shares in the last quarter. First United Bank & Trust boosted its holdings in shares of Shopify by 2.2% in the fourth quarter. First United Bank & Trust now owns 4,590 shares of the software maker’s stock valued at $488,000 after acquiring an additional 100 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Shopify by 0.7% in the third quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker’s stock valued at $1,162,000 after acquiring an additional 105 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Shopify by 3.3% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker’s stock valued at $357,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SHOP shares. Scotiabank increased their price objective on shares of Shopify from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on shares of Shopify from $121.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Oppenheimer increased their price objective on shares of Shopify from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and issued a $120.00 price objective on shares of Shopify in a report on Thursday, December 12th. Finally, Canaccord Genuity Group raised their target price on shares of Shopify from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average target price of $126.31.

Shopify Stock Down 5.1 %

SHOP stock opened at $106.25 on Tuesday. Shopify Inc. has a 12-month low of $48.56 and a 12-month high of $129.38. The company has a market cap of $137.57 billion, a price-to-earnings ratio of 68.55, a PEG ratio of 4.82 and a beta of 2.47. The company has a 50 day moving average of $112.82 and a two-hundred day moving average of $97.34.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. On average, research analysts anticipate that Shopify Inc. will post 1.12 EPS for the current year.

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.