Moser Wealth Advisors LLC Boosts Holdings in Shopify Inc. (NYSE:SHOP)

Moser Wealth Advisors LLC lifted its stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,699 shares of the software maker’s stock after buying an additional 275 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Shopify were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in shares of Shopify during the 4th quarter worth approximately $39,000. Mather Group LLC. boosted its position in shares of Shopify by 84.8% during the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after purchasing an additional 184 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Shopify in the third quarter worth $33,000. Rosenberg Matthew Hamilton raised its holdings in Shopify by 41.3% in the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after purchasing an additional 133 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Shopify during the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Trading Down 1.1 %

Shares of NYSE:SHOP opened at $117.33 on Friday. The stock has a 50 day moving average of $110.91 and a 200 day moving average of $90.53. The company has a market cap of $151.60 billion, a PE ratio of 109.65, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47. Shopify Inc. has a 12-month low of $48.56 and a 12-month high of $122.81. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.09.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SHOP. New Street Research initiated coverage on shares of Shopify in a research report on Friday, January 10th. They issued a “neutral” rating and a $115.00 target price on the stock. KeyCorp raised their target price on shares of Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 target price on shares of Shopify in a report on Wednesday, January 22nd. Loop Capital upgraded Shopify from a “hold” rating to a “buy” rating and upped their price target for the stock from $110.00 to $140.00 in a research note on Friday, December 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $120.00 price objective on shares of Shopify in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Shopify currently has an average rating of “Moderate Buy” and an average target price of $100.32.

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.