Shopify Inc. (NYSE:SHOP) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp grew its holdings in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 16,410 shares of the software maker’s stock after buying an additional 471 shares during the period. Sigma Planning Corp’s holdings in Shopify were worth $1,745,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Shopify during the 3rd quarter valued at $33,000. Rosenberg Matthew Hamilton grew its holdings in Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after buying an additional 133 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Shopify during the fourth quarter valued at $39,000. Mather Group LLC. boosted its stake in shares of Shopify by 84.8% during the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after acquiring an additional 184 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Shopify during the third quarter valued at $45,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on SHOP shares. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 17th. Mizuho raised their target price on shares of Shopify from $68.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Truist Financial raised their target price on shares of Shopify from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, February 12th. Evercore ISI raised their target price on shares of Shopify from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, JMP Securities restated a “market outperform” rating and set a $120.00 price objective on shares of Shopify in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.31.

Shopify Stock Down 6.5 %

SHOP opened at $115.40 on Monday. The firm has a market capitalization of $149.42 billion, a P/E ratio of 74.45, a P/E/G ratio of 4.82 and a beta of 2.47. The firm’s 50 day moving average is $112.85 and its 200-day moving average is $95.60. Shopify Inc. has a 52-week low of $48.56 and a 52-week high of $129.38.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a return on equity of 12.00% and a net margin of 22.74%. Equities analysts expect that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

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.