Fiduciary Planning LLC Invests $630,000 in Shopify Inc. (NYSE:SHOP)

Fiduciary Planning LLC bought a new stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,921 shares of the software maker’s stock, valued at approximately $630,000.

Several other large investors have also recently bought and sold shares of SHOP. Massmutual Trust Co. FSB ADV raised its stake 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 valued at $159,000 after purchasing an additional 129 shares during the last quarter. GAMMA Investing LLC raised its stake in Shopify by 73.5% during the 3rd quarter. GAMMA Investing LLC now owns 597 shares of the software maker’s stock valued at $48,000 after purchasing an additional 253 shares during the last quarter. Salvus Wealth Management LLC raised its stake in Shopify by 44.9% during the 3rd quarter. Salvus Wealth Management LLC now owns 6,400 shares of the software maker’s stock valued at $513,000 after purchasing an additional 1,982 shares during the last quarter. Aprio Wealth Management LLC acquired a new position in Shopify during the 3rd quarter valued at $236,000. Finally, Kesler Norman & Wride LLC raised its stake in Shopify by 1.9% during the 3rd quarter. Kesler Norman & Wride LLC now owns 9,538 shares of the software maker’s stock valued at $764,000 after purchasing an additional 180 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SHOP shares. Piper Sandler upped their target price on shares of Shopify from $67.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Cantor Fitzgerald reissued a “neutral” rating and issued a $70.00 price target on shares of Shopify in a report on Monday, October 7th. Robert W. Baird boosted their price target on shares of Shopify from $90.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Oppenheimer boosted their price target on shares of Shopify from $90.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Moffett Nathanson boosted their price target on shares of Shopify from $86.00 to $99.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.32.

Shopify Stock Performance

Shopify stock opened at $116.70 on Monday. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $122.00. The company has a market cap of $150.79 billion, a PE ratio of 109.07, a PEG ratio of 2.46 and a beta of 2.47. The company’s 50-day moving average is $110.36 and its two-hundred day moving average is $88.97.

About Shopify

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.