Charles Schwab Investment Management Inc. Has $193.80 Million Stock Holdings in Shopify Inc. (NYSE:SHOP)

Charles Schwab Investment Management Inc. raised its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,416,436 shares of the software maker’s stock after purchasing an additional 136,530 shares during the period. Charles Schwab Investment Management Inc. owned 0.19% of Shopify worth $193,802,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Moser Wealth Advisors LLC raised its holdings in Shopify by 1.4% in the 3rd quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock valued at $755,000 after acquiring an additional 128 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Shopify by 7.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,983 shares of the software maker’s stock worth $159,000 after purchasing an additional 129 shares during the period. Rosenberg Matthew Hamilton boosted its stake in Shopify by 41.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares during the period. CVA Family Office LLC grew its holdings in Shopify by 11.8% in the 3rd quarter. CVA Family Office LLC now owns 1,354 shares of the software maker’s stock valued at $109,000 after buying an additional 143 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC increased its position in Shopify by 3.5% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 4,282 shares of the software maker’s stock worth $343,000 after buying an additional 145 shares during the period. 69.27% of the stock is owned by institutional investors.

Shopify Trading Up 0.5 %

SHOP opened at $106.96 on Friday. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $115.62. The company has a fifty day moving average of $85.50 and a 200-day moving average of $72.12. The stock has a market cap of $138.02 billion, a PE ratio of 99.96, a price-to-earnings-growth ratio of 2.80 and a beta of 2.36. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

SHOP has been the topic of a number of recent research reports. DZ Bank lowered shares of Shopify from a “hold” rating to a “sell” rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Shopify from $88.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Redburn Atlantic raised Shopify from a “neutral” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Tuesday, September 17th. Atb Cap Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $70.00 target price on shares of Shopify in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.95.

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.