Aptus Capital Advisors LLC Has $486,000 Position in Shopify Inc. (NYSE:SHOP)

Aptus Capital Advisors LLC raised its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 5.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,059 shares of the software maker’s stock after acquiring an additional 315 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Shopify were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Prime Capital Investment Advisors LLC boosted its stake in shares of Shopify by 1.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 13,801 shares of the software maker’s stock valued at $1,106,000 after purchasing an additional 195 shares in the last quarter. Verus Capital Partners LLC acquired a new position in shares of Shopify in the 3rd quarter worth approximately $219,000. Platform Technology Partners lifted its position in shares of Shopify by 23.0% in the 3rd quarter. Platform Technology Partners now owns 4,904 shares of the software maker’s stock worth $393,000 after purchasing an additional 916 shares during the period. Baillie Gifford & Co. lifted its position in shares of Shopify by 14.7% in the 3rd quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker’s stock worth $5,078,176,000 after purchasing an additional 8,131,160 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Shopify in the 3rd quarter valued at $1,011,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SHOP. Argus upgraded shares of Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. The Goldman Sachs Group increased their price target on shares of Shopify from $88.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler increased their target price on shares of Shopify from $67.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho raised their price objective on shares of Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price (up from $72.00) on shares of Shopify in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.95.

Shopify Price Performance

NYSE:SHOP opened at $108.48 on Friday. Shopify Inc. has a 52 week low of $48.56 and a 52 week high of $115.62. The company has a quick ratio of 7.32, a current ratio of 7.10 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $139.98 billion, a P/E ratio of 101.38, a P/E/G ratio of 3.71 and a beta of 2.36. The stock’s fifty day moving average is $81.14 and its two-hundred day moving average is $70.77.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 12th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. Shopify had a return on equity of 11.60% and a net margin of 16.84%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Equities analysts expect that Shopify Inc. will post 0.76 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.