1,969 Shares in Shopify Inc. (NYSE:SHOP) Acquired by Howard Financial Services LTD.

Howard Financial Services LTD. purchased a new position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,969 shares of the software maker’s stock, valued at approximately $209,000.

Other large investors also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of 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 period. Redhawk Wealth Advisors Inc. boosted its stake in shares of Shopify by 3.3% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker’s stock worth $357,000 after acquiring an additional 107 shares in the last quarter. Moser Wealth Advisors LLC boosted its position in Shopify by 1.4% during the third quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock worth $755,000 after purchasing an additional 128 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in Shopify by 7.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,983 shares of the software maker’s stock worth $159,000 after acquiring an additional 129 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in Shopify by 28.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 586 shares of the software maker’s stock worth $62,000 after buying an additional 131 shares during the period. Institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SHOP. Loop Capital upgraded Shopify from a “hold” rating to a “buy” rating and boosted their price target for the company from $110.00 to $140.00 in a research note on Friday, December 6th. Piper Sandler increased their target price on Shopify from $67.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their target price on shares of Shopify from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer raised their price target on Shopify from $90.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four 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 price target of $100.31.

Shopify Stock Performance

Shares of Shopify stock opened at $103.25 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10. The firm has a market cap of $133.41 billion, a price-to-earnings ratio of 96.50, a price-to-earnings-growth ratio of 2.18 and a beta of 2.46. The stock’s 50-day moving average is $109.06 and its 200-day moving average is $85.30. Shopify Inc. has a one year low of $48.56 and a one 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.