Commonwealth Equity Services LLC lowered its holdings in shares of Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 378,102 shares of the software maker’s stock after selling 7,464 shares during the period. Commonwealth Equity Services LLC’s holdings in Shopify were worth $24,425,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. bought a new stake in Shopify in the second quarter valued at approximately $25,000. Park Place Capital Corp bought a new stake in Shopify during the 1st quarter valued at $27,000. Quintet Private Bank Europe S.A. bought a new stake in Shopify in the 1st quarter worth $33,000. HBC Financial Services PLLC bought a new stake in Shopify in the 2nd quarter worth $33,000. Finally, Kalos Management Inc. bought a new position in shares of Shopify during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 60.28% of the company’s stock.
Shopify Price Performance
Shares of NYSE:SHOP opened at $69.51 on Tuesday. The company has a quick ratio of 7.23, a current ratio of 7.23 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $89.14 billion, a PE ratio of -76.38 and a beta of 2.08. The firm’s 50 day moving average price is $56.18 and its 200-day moving average price is $59.84. Shopify Inc. has a twelve month low of $32.35 and a twelve month high of $71.43.
Analysts Set New Price Targets
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, 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.
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