Savant Capital LLC Has $1.53 Million Stock Holdings in Shopify Inc. (NYSE:SHOP)

Savant Capital LLC cut its stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,363 shares of the software maker’s stock after selling 383 shares during the period. Savant Capital LLC’s holdings in Shopify were worth $1,527,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Howland Capital Management LLC increased its position in Shopify by 2.0% during the fourth quarter. Howland Capital Management LLC now owns 4,949 shares of the software maker’s stock worth $526,000 after acquiring an additional 99 shares during the period. Trust Co. of Vermont increased its holdings in shares of Shopify by 9.9% during the fourth quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker’s stock worth $118,000 after purchasing an additional 100 shares during the period. First United Bank & Trust raised its position in shares of Shopify by 2.2% in the fourth quarter. First United Bank & Trust now owns 4,590 shares of the software maker’s stock valued at $488,000 after buying an additional 100 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Shopify by 0.7% in the third quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker’s stock valued at $1,162,000 after buying an additional 105 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in shares of Shopify by 3.3% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker’s stock valued at $357,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Trading Up 5.9 %

NYSE SHOP opened at $127.65 on Friday. The firm’s 50-day moving average is $111.43 and its two-hundred day moving average is $92.02. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $128.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10. The stock has a market capitalization of $164.93 billion, a P/E ratio of 119.30, a PEG ratio of 2.49 and a beta of 2.47.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a return on equity of 11.60% and a net margin of 16.84%. On average, sell-side analysts anticipate that Shopify Inc. will post 0.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

SHOP has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Shopify from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group boosted their price target on Shopify from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark raised Shopify from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Monday. Mizuho boosted their target price on Shopify from $68.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $120.00 price objective on shares of Shopify in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus target price of $125.14.

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, 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.