Sava Infond d.o.o. Purchases Shares of 1,100 Shopify Inc. (NYSE:SHOP)

Sava Infond d.o.o. acquired a new position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,100 shares of the software maker’s stock, valued at approximately $117,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SHOP. PFG Private Wealth Management LLC increased its stake in Shopify by 3,657.1% during 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 period. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Shopify by 50.0% in the fourth 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. Brooklyn Investment Group acquired a new position in shares of Shopify during the third quarter valued at approximately $33,000. New Wave Wealth Advisors LLC bought a new stake in Shopify during the fourth quarter worth approximately $39,000. Finally, Mather Group LLC. lifted its position in Shopify by 84.8% in the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock worth $43,000 after purchasing an additional 184 shares during the period. 69.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SHOP. Oppenheimer lifted their price target on Shopify from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price target on shares of Shopify from $121.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price target on shares of Shopify from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. CIBC boosted their target price on shares of Shopify from $135.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada set a $145.00 target price on shares of Shopify and gave the company an “outperform” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Shopify has an average rating of “Moderate Buy” and an average target price of $126.31.

Shopify Price Performance

SHOP opened at $102.64 on Friday. The company has a market capitalization of $132.90 billion, a PE ratio of 66.22, a price-to-earnings-growth ratio of 4.82 and a beta of 2.60. The business has a 50-day moving average of $110.35 and a 200-day moving average of $100.35. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $129.38.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share 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%. On average, equities research 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.