First Affirmative Financial Network cut its position in shares of Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,737 shares of the software maker’s stock after selling 400 shares during the quarter. First Affirmative Financial Network’s holdings in Shopify were worth $291,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of SHOP. Trust Co. of Vermont increased its holdings in shares of Shopify by 9.9% in the 4th quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker’s stock valued at $118,000 after purchasing an additional 100 shares during the period. First United Bank & Trust increased its holdings in shares of Shopify by 2.2% in the 4th quarter. First United Bank & Trust now owns 4,590 shares of the software maker’s stock valued at $488,000 after purchasing an additional 100 shares during the period. Sunbelt Securities Inc. increased its holdings in Shopify by 0.7% in the third quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker’s stock worth $1,162,000 after buying an additional 105 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in Shopify by 3.3% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker’s stock worth $357,000 after buying an additional 107 shares during the last quarter. Finally, Moser Wealth Advisors LLC increased its holdings in Shopify by 1.4% in the third quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock worth $755,000 after buying an additional 128 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.
Shopify Price Performance
Shares of SHOP stock opened at $119.23 on Friday. The stock has a 50-day moving average price of $109.91 and a 200 day moving average price of $88.09. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The firm has a market cap of $154.06 billion, a price-to-earnings ratio of 111.43, a PEG ratio of 2.45 and a beta of 2.46. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $120.72.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Shopify
About Shopify
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.
Read More
- Five stocks we like better than Shopify
- Expert Stock Trading Psychology Tips
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- 5 discounted opportunities for dividend growth investors
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- How to Choose Top Rated Stocks
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP).
Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.