Vista Investment Partners II LLC Takes $254,000 Position in Shopify Inc. (NYSE:SHOP)

Vista Investment Partners II LLC 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 and Exchange Commission. The fund acquired 2,390 shares of the software maker’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Simplicity Wealth LLC raised its holdings in Shopify by 7.6% in the 4th quarter. Simplicity Wealth LLC now owns 8,241 shares of the software maker’s stock valued at $876,000 after buying an additional 582 shares during the last quarter. SLT Holdings LLC acquired a new position in Shopify in the 4th quarter valued at approximately $572,000. Sowell Financial Services LLC increased its position in Shopify by 2.6% in the 4th quarter. Sowell Financial Services LLC now owns 24,798 shares of the software maker’s stock valued at $2,637,000 after acquiring an additional 622 shares during the period. Oak Harbor Wealth Partners LLC bought a new position in shares of Shopify during the fourth quarter valued at $262,000. Finally, Rialto Wealth Management LLC acquired a new position in shares of Shopify during the fourth quarter worth $698,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Price Performance

Shares of SHOP stock opened at $100.00 on Monday. The stock has a market capitalization of $129.48 billion, a price-to-earnings ratio of 64.52, a PEG ratio of 4.82 and a beta of 2.60. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $129.38. The company’s fifty day simple moving average is $112.26 and its two-hundred day simple moving average is $98.11.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 EPS 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%. Equities research analysts anticipate that Shopify Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Jefferies Financial Group raised their target price on Shopify from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, February 18th. Loop Capital upgraded Shopify from a “hold” rating to a “buy” rating and upped their target price for the company from $110.00 to $140.00 in a report on Friday, December 6th. Barclays raised their price target on shares of Shopify from $93.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. KeyCorp upped their price objective on shares of Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, ATB Capital lifted their target price on shares of Shopify from $145.00 to $170.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.31.

About Shopify

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.