Sivia Capital Partners LLC Has $629,000 Holdings in Shopify Inc. (NYSE:SHOP)

Sivia Capital Partners LLC boosted its holdings in shares of Shopify Inc. (NYSE:SHOPFree Report) (TSE:SHOP) by 19.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,846 shares of the software maker’s stock after buying an additional 1,286 shares during the quarter. Sivia Capital Partners LLC’s holdings in Shopify were worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group grew its position in shares of Shopify by 100.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Cultivar Capital Inc. bought a new stake in shares of Shopify in the second quarter valued at approximately $33,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Shopify in the second quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Shopify in the second quarter valued at approximately $39,000. Finally, Private Wealth Management Group LLC boosted its stake in shares of Shopify by 53.3% in the first quarter. Private Wealth Management Group LLC now owns 518 shares of the software maker’s stock valued at $40,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SHOP. Loop Capital boosted their price target on Shopify from $80.00 to $90.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wedbush reiterated a “neutral” rating and issued a $72.00 price target (up from $68.00) on shares of Shopify in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $85.00 target price on shares of Shopify in a research note on Thursday, August 8th. Cantor Fitzgerald restated a “neutral” rating and set a $70.00 target price on shares of Shopify in a research note on Monday, October 7th. Finally, Robert W. Baird upped their target price on Shopify from $79.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.97.

Check Out Our Latest Report on SHOP

Shopify Stock Up 0.6 %

Shares of SHOP stock traded up $0.50 on Monday, reaching $83.74. 1,413,231 shares of the company were exchanged, compared to its average volume of 9,371,852. The company has a market cap of $107.91 billion, a price-to-earnings ratio of 84.94, a PEG ratio of 2.77 and a beta of 2.36. The company has a 50-day moving average of $74.19 and a 200-day moving average of $68.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.32 and a quick ratio of 7.32. Shopify Inc. has a one year low of $45.50 and a one year high of $91.57.

Shopify (NYSE:SHOPGet Free Report) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Shopify had a net margin of 16.40% and a return on equity of 10.88%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) EPS. Analysts anticipate that Shopify Inc. will post 0.76 earnings per share for the current year.

Shopify 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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