Janus Henderson Group PLC Sells 48,355 Shares of Shopify Inc. (NYSE:SHOP)

Janus Henderson Group PLC reduced its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,169,244 shares of the software maker’s stock after selling 48,355 shares during the period. Janus Henderson Group PLC owned about 0.32% of Shopify worth $443,318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allianz SE purchased a new stake in Shopify in the 4th quarter valued at $27,000. PFG Private Wealth Management LLC raised its position in shares of Shopify by 3,657.1% in the fourth quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock valued at $28,000 after purchasing an additional 256 shares during the period. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Shopify by 50.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Shopify during the fourth quarter valued at about $39,000. Finally, Mather Group LLC. boosted its holdings in Shopify by 84.8% in the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after purchasing an additional 184 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Trading Down 2.4 %

Shares of Shopify stock opened at $91.77 on Friday. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38. The business’s 50 day simple moving average is $93.29 and its 200-day simple moving average is $102.89. The stock has a market capitalization of $118.83 billion, a price-to-earnings ratio of 59.21, a PEG ratio of 4.82 and a beta of 2.66.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. Sell-side analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHOP. Atb Cap Markets raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday. BNP Paribas downgraded Shopify from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th. BNP Paribas Exane cut Shopify from an “outperform” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, May 5th. Capital One Financial upgraded shares of Shopify from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Finally, DA Davidson lowered their price target on Shopify from $150.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Shopify has an average rating of “Moderate Buy” and a consensus price target of $115.37.

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.