Kozak & Associates Inc. Has $245,000 Stock Holdings in Shopify Inc. (NYSE:SHOP)

Kozak & Associates Inc. trimmed its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 58.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,243 shares of the software maker’s stock after selling 3,167 shares during the period. Kozak & Associates Inc.’s holdings in Shopify were worth $245,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group grew its holdings in 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 last quarter. Hazlett Burt & Watson Inc. acquired a new position in Shopify in the second quarter valued at $33,000. Brooklyn Investment Group acquired a new position in shares of Shopify during the 3rd quarter valued at $33,000. Rosenberg Matthew Hamilton raised its holdings in shares of Shopify by 41.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after acquiring an additional 133 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in Shopify during the third quarter worth about $45,000. 69.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHOP has been the topic of a number of research reports. Moffett Nathanson lifted their price target on shares of Shopify from $86.00 to $99.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on Shopify from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Loop Capital raised shares of Shopify from a “hold” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $140.00 in a research note on Friday, December 6th. Piper Sandler boosted their target price on Shopify from $67.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.88.

Shopify Stock Performance

NYSE SHOP traded up $4.08 during mid-day trading on Monday, reaching $113.33. 3,625,856 shares of the stock were exchanged, compared to its average volume of 3,595,977. The company has a market capitalization of $146.43 billion, a P/E ratio of 105.92, a P/E/G ratio of 2.98 and a beta of 2.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10. The business’s 50 day moving average is $104.50 and its 200-day moving average is $83.01. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $120.72.

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.