Sepio Capital LP Reduces Stock Holdings in Shopify Inc. (NYSE:SHOP)

Sepio Capital LP cut its holdings in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,455 shares of the software maker’s stock after selling 131 shares during the period. Sepio Capital LP’s holdings in Shopify were worth $4,514,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Shopify from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Cantor Fitzgerald reiterated a “neutral” rating and set a $120.00 price target on shares of Shopify in a report on Wednesday, February 12th. New Street Research initiated coverage on shares of Shopify in a research note on Friday, January 10th. They set a “neutral” rating and a $115.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Shopify from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. increased their price target on Shopify from $121.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.31.

Shopify Stock Down 6.6 %

Shares of NYSE SHOP opened at $76.89 on Friday. The business has a 50 day moving average price of $108.67 and a two-hundred day moving average price of $101.41. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $129.38. The firm has a market cap of $99.56 billion, a PE ratio of 49.61, a price-to-earnings-growth ratio of 4.82 and a beta of 2.81.

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

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.