Shopify Inc. (NYSE:SHOP) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC grew its holdings in Shopify Inc. (NYSE:SHOPFree Report) (TSE:SHOP) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,550 shares of the software maker’s stock after acquiring an additional 471 shares during the period. Lindbrook Capital LLC’s holdings in Shopify were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. lifted its position in shares of Shopify by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 64,164,758 shares of the software maker’s stock worth $4,998,476,000 after purchasing an additional 1,419,749 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Shopify by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 40,926,224 shares of the software maker’s stock worth $2,233,344,000 after purchasing an additional 634,883 shares during the last quarter. Norges Bank purchased a new stake in shares of Shopify during the 4th quarter worth $414,365,000. TD Asset Management Inc lifted its position in shares of Shopify by 4.4% during the 3rd quarter. TD Asset Management Inc now owns 7,104,095 shares of the software maker’s stock worth $389,052,000 after purchasing an additional 299,788 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Shopify by 6.5% during the 3rd quarter. Legal & General Group Plc now owns 6,196,285 shares of the software maker’s stock worth $339,750,000 after purchasing an additional 377,901 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Price Performance

SHOP opened at $69.67 on Monday. The company has a fifty day simple moving average of $76.35 and a 200 day simple moving average of $72.12. The firm has a market cap of $89.64 billion, a price-to-earnings ratio of 774.20 and a beta of 2.22. Shopify Inc. has a twelve month low of $45.50 and a twelve month high of $91.57. The company has a current ratio of 6.99, a quick ratio of 6.99 and a debt-to-equity ratio of 0.10.

Shopify (NYSE:SHOPGet Free Report) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Shopify had a net margin of 1.87% and a return on equity of 4.48%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.07 billion. Equities research analysts expect that Shopify Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SHOP shares. Loop Capital decreased their price objective on shares of Shopify from $90.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, April 15th. National Bankshares boosted their price target on shares of Shopify from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Mizuho boosted their price target on shares of Shopify from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Shopify in a research report on Wednesday, February 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Shopify from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $78.30.

View Our Latest Analysis on Shopify

Shopify Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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