Cwm LLC Reduces Stake in Shopify Inc. (NYSE:SHOP)

Cwm LLC decreased its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 51.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,118 shares of the software maker’s stock after selling 22,656 shares during the quarter. Cwm LLC’s holdings in Shopify were worth $1,645,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealth Management Partners LLC boosted its position in Shopify by 0.9% during the fourth quarter. Wealth Management Partners LLC now owns 13,922 shares of the software maker’s stock worth $1,085,000 after purchasing an additional 126 shares during the period. SJS Investment Consulting Inc. raised its holdings in Shopify by 59.1% during the 4th quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock valued at $27,000 after acquiring an additional 130 shares during the period. Pachira Investments Inc. lifted its position in shares of Shopify by 2.1% during the fourth quarter. Pachira Investments Inc. now owns 7,084 shares of the software maker’s stock worth $552,000 after acquiring an additional 146 shares in the last quarter. Baldwin Brothers LLC MA boosted its holdings in shares of Shopify by 49.0% in the fourth quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock worth $35,000 after acquiring an additional 147 shares during the period. Finally, Capital Advisors Inc. OK raised its stake in shares of Shopify by 1.7% during the 4th quarter. Capital Advisors Inc. OK now owns 9,283 shares of the software maker’s stock valued at $723,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Up 1.1 %

Shares of NYSE:SHOP opened at $71.30 on Friday. Shopify Inc. has a 1 year low of $45.50 and a 1 year high of $91.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.99 and a quick ratio of 6.99. The stock’s 50-day moving average is $75.28 and its 200 day moving average is $72.50. The company has a market cap of $91.73 billion, a PE ratio of 792.31 and a beta of 2.22.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, February 13th. The software maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. Shopify had a return on equity of 4.48% and a net margin of 1.87%. Sell-side analysts anticipate that Shopify Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on SHOP. Wedbush reaffirmed a “neutral” rating and set a $68.00 target price on shares of Shopify in a report on Tuesday, February 13th. Truist Financial upped their target price on shares of Shopify from $65.00 to $90.00 and gave the stock a “hold” rating in a report on Monday, February 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Shopify in a report on Wednesday, February 14th. StockNews.com raised shares of Shopify from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup reduced their target price on Shopify from $96.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $78.30.

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.