3,859 Shares in Shopify Inc. (NYSE:SHOP) Purchased by True Vision MN LLC

True Vision MN LLC bought a new stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,859 shares of the software maker’s stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHOP. Brooklyn Investment Group purchased a new stake in shares of Shopify in the 3rd quarter worth approximately $33,000. Rosenberg Matthew Hamilton boosted its holdings in Shopify by 41.3% in the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Shopify in the fourth quarter worth $39,000. Mather Group LLC. increased its holdings in shares of Shopify by 84.8% during the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after acquiring an additional 184 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Shopify in the 3rd quarter worth about $45,000. Institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays increased their price objective on shares of Shopify from $70.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Mizuho increased their price target on shares of Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. JMP Securities restated a “market outperform” rating and issued a $120.00 price objective on shares of Shopify in a report on Thursday, December 12th. New Street Research initiated coverage on Shopify in a research report on Friday, January 10th. They issued a “neutral” rating and a $115.00 price objective on the stock. Finally, Piper Sandler lifted their target price on Shopify from $67.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.74.

Shopify Trading Up 2.1 %

Shares of SHOP opened at $119.88 on Tuesday. The firm has a market cap of $154.89 billion, a P/E ratio of 112.04, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47. The company has a 50 day simple moving average of $110.91 and a two-hundred day simple moving average of $90.95. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $123.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10.

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.