GFG Capital LLC Buys 403 Shares of Shopify Inc. (NYSE:SHOP)

GFG Capital LLC boosted its stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,134 shares of the software maker’s stock after buying an additional 403 shares during the period. GFG Capital LLC’s holdings in Shopify were worth $572,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SHOP. Capital World Investors grew its stake in shares of Shopify by 26.2% during the 1st quarter. Capital World Investors now owns 49,764,809 shares of the software maker’s stock worth $3,840,332,000 after acquiring an additional 10,340,040 shares in the last quarter. Vanguard Group Inc. boosted its position in Shopify by 1.7% during the first quarter. Vanguard Group Inc. now owns 42,881,355 shares of the software maker’s stock worth $3,309,154,000 after purchasing an additional 713,064 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Shopify by 21.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,239,525 shares of the software maker’s stock worth $2,642,265,000 after purchasing an additional 5,982,434 shares during the period. GQG Partners LLC lifted its holdings in shares of Shopify by 197.9% during the first quarter. GQG Partners LLC now owns 20,901,980 shares of the software maker’s stock worth $1,613,006,000 after buying an additional 13,885,473 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Shopify by 3.4% during the first quarter. Capital International Investors now owns 16,392,141 shares of the software maker’s stock worth $1,264,982,000 after buying an additional 542,503 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Stock Down 0.0 %

SHOP stock opened at $82.65 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 7.32 and a current ratio of 7.32. The company has a market capitalization of $106.51 billion, a price-to-earnings ratio of 84.34, a PEG ratio of 2.77 and a beta of 2.36. Shopify Inc. has a fifty-two week low of $45.50 and a fifty-two week high of $91.57. The stock has a fifty day moving average of $76.54 and a 200-day moving average of $68.88.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. Shopify had a return on equity of 10.88% and a net margin of 16.40%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, equities research analysts predict that Shopify Inc. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SHOP. Evercore lifted their target price on Shopify from $75.00 to $80.00 in a report on Thursday, August 8th. DZ Bank downgraded Shopify from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Argus raised Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. Roth Mkm boosted their target price on Shopify from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $80.00 target price on shares of Shopify in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Shopify has an average rating of “Moderate Buy” and an average price target of $79.36.

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.