Capital International Inc. CA Sells 56,258 Shares of Shopify Inc. (NYSE:SHOP)

Capital International Inc. CA trimmed its stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 640,811 shares of the software maker’s stock after selling 56,258 shares during the period. Capital International Inc. CA’s holdings in Shopify were worth $68,137,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Allianz SE acquired a new stake in shares of Shopify in the 4th quarter valued at about $27,000. PFG Private Wealth Management LLC raised its position in Shopify by 3,657.1% in the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock valued at $28,000 after buying an additional 256 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in Shopify by 50.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Shopify during the 4th quarter worth approximately $39,000. Finally, Mather Group LLC. raised its holdings in shares of Shopify by 84.8% in the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after purchasing an additional 184 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SHOP shares. Benchmark upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Monday, February 10th. Cantor Fitzgerald reduced their price target on Shopify from $120.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer boosted their price target on Shopify from $130.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Shopify from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price objective on shares of Shopify from $145.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.94.

Shopify Stock Down 0.4 %

SHOP stock opened at $83.65 on Friday. The company’s 50-day moving average price is $100.46 and its two-hundred day moving average price is $101.46. The firm has a market cap of $108.31 billion, a P/E ratio of 53.97, a P/E/G ratio of 4.82 and a beta of 2.82. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $129.38.

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