Callan Capital LLC Acquires Shares of 4,884 Shopify Inc. (NYSE:SHOP)

Callan Capital LLC purchased a new stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,884 shares of the software maker’s stock, valued at approximately $380,000.

Several other large investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its holdings in Shopify by 59.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock worth $27,000 after acquiring an additional 130 shares during the last quarter. Baldwin Brothers LLC MA raised its position in shares of Shopify by 49.0% during the 4th quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock worth $35,000 after purchasing an additional 147 shares during the period. Global Trust Asset Management LLC lifted its holdings in shares of Shopify by 350.0% in the 4th quarter. Global Trust Asset Management LLC now owns 450 shares of the software maker’s stock worth $35,000 after purchasing an additional 350 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Shopify during the 3rd quarter valued at approximately $47,000. Finally, Salem Investment Counselors Inc. grew its stake in Shopify by 1,112.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 606 shares of the software maker’s stock worth $47,000 after buying an additional 556 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify Trading Up 1.1 %

Shopify stock traded up $0.75 during midday trading on Friday, reaching $71.30. The stock had a trading volume of 4,608,453 shares, compared to its average volume of 9,337,968. The firm’s fifty day simple moving average is $75.28 and its two-hundred day simple moving average is $72.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.99 and a quick ratio of 6.99. Shopify Inc. has a twelve month low of $45.50 and a twelve month high of $91.57. The firm has a market cap of $91.73 billion, a price-to-earnings ratio of 792.31 and a beta of 2.22.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Shopify had a return on equity of 4.48% and a net margin of 1.87%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.07 billion. Equities analysts anticipate that Shopify Inc. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

SHOP has been the topic of a number of recent research reports. DA Davidson raised their target price on Shopify from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Barclays cut their price objective on shares of Shopify from $70.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. BNP Paribas cut shares of Shopify from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 18th. Mizuho raised their price target on shares of Shopify from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Shopify in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Shopify presently has a consensus rating of “Hold” and a consensus price target of $78.30.

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.