DGS Capital Management LLC Purchases 460 Shares of Shopify Inc. (NYSE:SHOP)

DGS Capital Management LLC boosted its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 15.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,536 shares of the software maker’s stock after purchasing an additional 460 shares during the quarter. DGS Capital Management LLC’s holdings in Shopify were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in Shopify by 22.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 32,193 shares of the software maker’s stock worth $2,126,000 after buying an additional 5,934 shares in the last quarter. Miracle Mile Advisors LLC increased its position in shares of Shopify by 13.0% in the second quarter. Miracle Mile Advisors LLC now owns 3,890 shares of the software maker’s stock worth $257,000 after purchasing an additional 446 shares during the last quarter. Blue Trust Inc. raised its stake in Shopify by 928.8% in the second quarter. Blue Trust Inc. now owns 2,788 shares of the software maker’s stock valued at $184,000 after purchasing an additional 2,517 shares in the last quarter. Brookstone Capital Management grew its stake in Shopify by 26.0% in the 2nd quarter. Brookstone Capital Management now owns 9,632 shares of the software maker’s stock worth $624,000 after buying an additional 1,986 shares in the last quarter. Finally, Everpar Advisors LLC bought a new position in shares of Shopify in the 2nd quarter worth $246,000. 69.27% of the stock is owned by institutional investors.

Shopify Stock Down 0.6 %

SHOP stock opened at $114.63 on Friday. The business’s 50-day moving average price is $96.14 and its 200-day moving average price is $77.79. The stock has a market cap of $148.11 billion, a P/E ratio of 107.13, a PEG ratio of 3.05 and a beta of 2.46. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $120.72.

Analyst Ratings Changes

A number of analysts have recently issued reports on SHOP shares. Royal Bank of Canada lifted their price objective on shares of Shopify from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of Shopify from $74.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. DZ Bank cut Shopify from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Scotiabank boosted their price objective on Shopify from $75.00 to $80.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. Finally, Mizuho increased their price objective on Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.03.

Shopify Company 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.