Shopify Inc. (NYSE:SHOP) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lessened its holdings in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 48.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,700 shares of the software maker’s stock after selling 2,550 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Shopify were worth $287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHOP. Brooklyn Investment Group acquired a new stake in shares of Shopify during the 3rd quarter worth about $33,000. Rosenberg Matthew Hamilton raised its position in shares of Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after acquiring an additional 133 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Shopify during the 4th quarter worth about $39,000. Mather Group LLC. raised its position in shares of Shopify by 84.8% during the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock worth $43,000 after acquiring an additional 184 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Shopify during the 3rd quarter worth about $45,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SHOP. Loop Capital upgraded Shopify from a “hold” rating to a “buy” rating and raised their price target for the stock from $110.00 to $140.00 in a research note on Friday, December 6th. DZ Bank downgraded Shopify from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price target on Shopify from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer raised their price target on Shopify from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Scotiabank lifted their target price on Shopify from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.21.

Shopify Stock Performance

NYSE SHOP opened at $128.36 on Friday. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $128.57. The stock has a market cap of $165.85 billion, a price-to-earnings ratio of 119.96, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47. The business has a fifty day moving average of $111.70 and a 200-day moving average of $92.27. 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 (NYSE:SHOP) (TSE:SHOP) last released its quarterly 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 11.60% and a net margin of 16.84%. As a group, analysts predict that Shopify Inc. will post 0.91 earnings per share for the current fiscal 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.