Shopify Inc. (NYSE:SHOP) Shares Bought by Nepsis Inc.

Nepsis Inc. lifted its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 323,259 shares of the software maker’s stock after buying an additional 14,452 shares during the period. Shopify makes up approximately 6.1% of Nepsis Inc.’s investment portfolio, making the stock its 3rd biggest position. Nepsis Inc.’s holdings in Shopify were worth $25,906,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of Shopify by 100.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock worth $26,000 after acquiring an additional 200 shares during the period. Cultivar Capital Inc. bought a new stake in Shopify during the second quarter worth $33,000. Hazlett Burt & Watson Inc. bought a new position in shares of Shopify in the 2nd quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Shopify during the 2nd quarter worth $39,000. Finally, Private Wealth Management Group LLC raised its holdings in shares of Shopify by 53.3% during the 1st quarter. Private Wealth Management Group LLC now owns 518 shares of the software maker’s stock worth $40,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SHOP shares. UBS Group lifted their target price on Shopify from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Roth Mkm upped their price objective on shares of Shopify from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Wells Fargo & Company increased their price objective on shares of Shopify from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on shares of Shopify from $74.00 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley increased their price target on Shopify from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, sixteen have assigned 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.36.

Shopify Stock Up 1.3 %

Shares of Shopify stock traded up $1.05 during trading hours on Friday, reaching $82.68. The company’s stock had a trading volume of 3,862,207 shares, compared to its average volume of 9,290,721. The company has a market capitalization of $106.55 billion, a P/E ratio of 84.37, a P/E/G ratio of 2.80 and a beta of 2.36. The stock’s fifty day simple moving average is $76.26 and its two-hundred day simple moving average is $68.87. Shopify Inc. has a one year low of $45.50 and a one year high of $91.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 7.32 and a current ratio of 7.32.

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