Embree Financial Group Makes New $243,000 Investment in Shopify Inc. (NYSE:SHOP)

Embree Financial Group purchased a new stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,283 shares of the software maker’s stock, valued at approximately $243,000.

Several other hedge funds also recently modified their holdings of SHOP. Trust Co. of Vermont raised its stake in shares of Shopify by 9.9% during the fourth quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker’s stock valued at $118,000 after acquiring an additional 100 shares during the last quarter. First United Bank & Trust raised its position in Shopify by 2.2% during the 4th quarter. First United Bank & Trust now owns 4,590 shares of the software maker’s stock worth $488,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Shopify by 0.7% during the 3rd 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. grew its position in shares of Shopify by 3.3% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker’s stock valued at $357,000 after buying an additional 107 shares during the last quarter. Finally, Moser Wealth Advisors LLC increased its stake in shares of Shopify by 1.4% in the third quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock valued at $755,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Trading Up 1.5 %

Shares of Shopify stock opened at $107.74 on Friday. The firm has a market cap of $139.22 billion, a PE ratio of 100.70, a P/E/G ratio of 2.24 and a beta of 2.46. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $120.72. 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 stock has a fifty day moving average price of $109.37 and a 200-day moving average price of $86.92.

Wall Street Analyst Weigh In

Several analysts recently commented on SHOP shares. DZ Bank cut Shopify from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Wells Fargo & Company upped their price objective on shares of Shopify from $90.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Wedbush raised shares of Shopify from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $125.00 in a research note on Monday, January 6th. Piper Sandler upped their price target on shares of Shopify from $67.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Citigroup boosted their price objective on Shopify from $90.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $100.31.

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.