Wealthcare Advisory Partners LLC Has $321,000 Stake in Shopify Inc. (NYSE:SHOP)

Wealthcare Advisory Partners LLC raised its holdings in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,121 shares of the software maker’s stock after buying an additional 341 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Shopify were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHOP. SJS Investment Consulting Inc. grew its stake in shares of Shopify by 59.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock valued at $27,000 after buying an additional 130 shares in the last quarter. Baldwin Brothers LLC MA raised its holdings in shares of Shopify by 49.0% in the 4th quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock valued at $35,000 after purchasing an additional 147 shares during the period. Global Trust Asset Management LLC lifted its stake in Shopify by 350.0% in the 4th quarter. Global Trust Asset Management LLC now owns 450 shares of the software maker’s stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in Shopify by 1,112.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 606 shares of the software maker’s stock worth $47,000 after purchasing an additional 556 shares during the period. Finally, Anchor Investment Management LLC acquired a new position in Shopify during the fourth quarter worth approximately $51,000. 69.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SHOP. Royal Bank of Canada cut their target price on shares of Shopify from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday. National Bankshares boosted their price objective on Shopify from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Canaccord Genuity Group decreased their target price on Shopify from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays dropped their price target on Shopify from $68.00 to $63.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Shopify in a report on Thursday. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.86.

Shopify Trading Down 0.4 %

NYSE:SHOP opened at $62.47 on Friday. The company has a current ratio of 6.99, a quick ratio of 6.99 and a debt-to-equity ratio of 0.10. Shopify Inc. has a 12 month low of $45.50 and a 12 month high of $91.57. The stock has a market cap of $80.37 billion, a price-to-earnings ratio of 694.11 and a beta of 2.20. The company has a 50-day moving average price of $74.48 and a 200-day moving average price of $73.70.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Shopify had a return on equity of 4.48% and a net margin of 1.87%. Equities analysts predict that Shopify Inc. will post 0.59 EPS for the current year.

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.