Rosenberg Matthew Hamilton Has $36,000 Holdings in Shopify Inc. (NYSE:SHOP)

Rosenberg Matthew Hamilton boosted its holdings in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 41.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 455 shares of the software maker’s stock after buying an additional 133 shares during the period. Rosenberg Matthew Hamilton’s holdings in Shopify were worth $36,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. GQG Partners LLC lifted its position in Shopify by 197.9% during the 1st quarter. GQG Partners LLC now owns 20,901,980 shares of the software maker’s stock worth $1,613,006,000 after acquiring an additional 13,885,473 shares during the last quarter. Capital World Investors raised its position in Shopify by 26.2% in the first quarter. Capital World Investors now owns 49,764,809 shares of the software maker’s stock worth $3,840,332,000 after purchasing an additional 10,340,040 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Shopify by 21.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,239,525 shares of the software maker’s stock worth $2,642,265,000 after purchasing an additional 5,982,434 shares during the period. Mackenzie Financial Corp boosted its holdings in Shopify by 49.9% during the second quarter. Mackenzie Financial Corp now owns 6,315,028 shares of the software maker’s stock valued at $417,386,000 after purchasing an additional 2,102,939 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Shopify by 214.5% in the 1st quarter. Toronto Dominion Bank now owns 2,909,052 shares of the software maker’s stock valued at $224,492,000 after purchasing an additional 1,983,996 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on SHOP. Evercore boosted their price target on Shopify from $75.00 to $80.00 in a research note on Thursday, August 8th. KeyCorp initiated coverage on shares of Shopify in a report on Thursday, July 25th. They set an “overweight” rating and a $80.00 price target for the company. Royal Bank of Canada increased their target price on Shopify from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Robert W. Baird lifted their price target on Shopify from $79.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Finally, Redburn Atlantic raised shares of Shopify from a “neutral” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify currently has an average rating of “Moderate Buy” and a consensus target price of $80.21.

Shopify Stock Performance

Shares of Shopify stock opened at $78.20 on Friday. The stock’s 50-day moving average is $77.49 and its 200-day moving average is $69.31. Shopify Inc. has a one year low of $45.50 and a one year high of $91.57. The firm has a market cap of $100.91 billion, a price-to-earnings ratio of 79.80, a price-to-earnings-growth ratio of 2.68 and a beta of 2.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.32 and a quick ratio of 7.32.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Shopify had a net margin of 16.40% and a return on equity of 10.88%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. Equities analysts predict that Shopify Inc. will post 0.76 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.