Mark Sheptoff Financial Planning LLC Has $32,000 Holdings in Shopify Inc. (NYSE:SHOP)

Mark Sheptoff Financial Planning LLC increased its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 50.0% in the 4th quarter, HoldingsChannel reports. The firm owned 300 shares of the software maker’s stock after acquiring an additional 100 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Shopify were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SHOP. PFG Private Wealth Management LLC raised its holdings in shares of Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock worth $28,000 after buying an additional 256 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of Shopify in the fourth quarter worth about $39,000. Mather Group LLC. boosted its stake in shares of Shopify by 84.8% in the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after purchasing an additional 184 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Shopify during the 3rd quarter valued at approximately $33,000. Finally, Sierra Ocean LLC acquired a new position in Shopify during the 4th quarter worth approximately $46,000. 69.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SHOP. Benchmark raised shares of Shopify from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Monday, February 10th. Canaccord Genuity Group boosted their price objective on Shopify from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Morgan Stanley increased their target price on Shopify from $126.00 to $144.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price target on Shopify from $121.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Robert W. Baird raised their price objective on shares of Shopify from $126.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average price target of $126.31.

Shopify Trading Up 0.6 %

Shopify stock opened at $109.93 on Wednesday. The firm has a market capitalization of $142.34 billion, a price-to-earnings ratio of 70.92, a price-to-earnings-growth ratio of 4.82 and a beta of 2.60. The firm’s fifty day moving average price is $110.36 and its two-hundred day moving average price is $100.31. Shopify Inc. has a 1-year low of $48.56 and a 1-year high of $129.38.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. On average, research analysts forecast that Shopify Inc. will post 1.12 EPS for the current year.

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.