Bank Julius Baer & Co. Ltd Zurich Purchases 3,000 Shares of Shopify Inc. (NYSE:SHOP)

Bank Julius Baer & Co. Ltd Zurich lifted its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 187.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,599 shares of the software maker’s stock after acquiring an additional 3,000 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Shopify were worth $358,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. grew its stake in shares of Shopify by 59.1% in the 4th quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock worth $27,000 after acquiring an additional 130 shares in the last quarter. Baldwin Brothers LLC MA boosted its holdings in shares of Shopify by 49.0% in the 4th quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock worth $35,000 after buying an additional 147 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of Shopify by 350.0% in the 4th quarter. Global Trust Asset Management LLC now owns 450 shares of the software maker’s stock worth $35,000 after buying an additional 350 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of Shopify by 1,112.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 606 shares of the software maker’s stock worth $47,000 after buying an additional 556 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in shares of Shopify in the 4th quarter worth about $51,000. Institutional investors own 69.27% of the company’s stock.

Shopify Stock Up 1.1 %

SHOP stock opened at $71.33 on Friday. The company has a current ratio of 6.99, a quick ratio of 6.99 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $75.28 and its 200 day moving average is $72.63. The stock has a market cap of $91.77 billion, a price-to-earnings ratio of 792.64 and a beta of 2.22. Shopify Inc. has a 1-year low of $45.50 and a 1-year high of $91.57.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Shopify had a net margin of 1.87% and a return on equity of 4.48%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Sell-side analysts predict that Shopify Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SHOP shares. BNP Paribas downgraded shares of Shopify from a “neutral” rating to an “underperform” rating in a report on Thursday, January 18th. CIBC boosted their price target on shares of Shopify from $82.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Roth Capital boosted their price target on shares of Shopify from $85.00 to $89.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. StockNews.com raised shares of Shopify from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, DA Davidson upped their price objective on shares of Shopify from $86.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.30.

About Shopify

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.