Shopify Inc. (NYSE:SHOP) Shares Bought by Fairfield Bush & CO.

Fairfield Bush & CO. increased its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,009 shares of the software maker’s stock after buying an additional 1,254 shares during the quarter. Shopify comprises about 1.4% of Fairfield Bush & CO.’s investment portfolio, making the stock its 19th biggest position. Fairfield Bush & CO.’s holdings in Shopify were worth $2,340,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SHOP. Allianz SE purchased a new stake in shares of Shopify during the 4th quarter worth about $27,000. PFG Private Wealth Management LLC lifted its position in Shopify by 3,657.1% during the fourth quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock valued at $28,000 after buying an additional 256 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Shopify by 50.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock worth $32,000 after buying an additional 100 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in shares of Shopify in the fourth quarter worth $39,000. Finally, Mather Group LLC. raised 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 acquiring an additional 184 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Trading Up 0.1 %

Shares of NYSE:SHOP opened at $83.96 on Thursday. The company has a 50 day moving average of $101.99 and a 200-day moving average of $101.40. The firm has a market cap of $108.71 billion, a P/E ratio of 54.17, a P/E/G ratio of 4.82 and a beta of 2.82. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group increased their price target on Shopify from $110.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, February 18th. DA Davidson lowered their target price on Shopify from $150.00 to $115.00 and set a “buy” rating for the company in a research note on Monday. Robert W. Baird boosted their price target on Shopify from $126.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Canaccord Genuity Group increased their price objective on shares of Shopify from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, UBS Group boosted their target price on shares of Shopify from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.51.

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.