Shopify Inc (US) (SHOP) Shares Bought by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. boosted its holdings in Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) by 62.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,958 shares of the software maker’s stock after acquiring an additional 1,898 shares during the period. EFG Asset Management Americas Corp.’s holdings in Shopify Inc (US) were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SHOP. Advisory Services Network LLC boosted its position in Shopify Inc (US) by 26.6% in the second quarter. Advisory Services Network LLC now owns 1,420 shares of the software maker’s stock worth $123,000 after purchasing an additional 298 shares during the last quarter. US Bancorp DE boosted its position in Shopify Inc (US) by 63.8% in the fourth quarter. US Bancorp DE now owns 1,889 shares of the software maker’s stock worth $191,000 after purchasing an additional 736 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new position in Shopify Inc (US) in the fourth quarter worth $202,000. Wellington Shields Capital Management LLC purchased a new position in Shopify Inc (US) in the fourth quarter worth $202,000. Finally, QS Investors LLC purchased a new position in Shopify Inc (US) in the second quarter worth $217,000. 54.61% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have weighed in on SHOP shares. Piper Jaffray Companies boosted their price objective on Shopify Inc (US) from $110.00 to $120.00 in a research report on Tuesday, October 31st. Vetr cut Shopify Inc (US) from a “strong-buy” rating to a “buy” rating and set a $122.39 price objective on the stock. in a research report on Tuesday, November 21st. Roth Capital boosted their price objective on Shopify Inc (US) from $119.00 to $127.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Monness Crespi & Hardt raised Shopify Inc (US) from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Friday, October 27th. Finally, BidaskClub raised Shopify Inc (US) from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Shopify Inc (US) currently has an average rating of “Buy” and an average target price of $108.67.

Shares of Shopify Inc (NYSE:SHOP) opened at $127.94 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.64 and a quick ratio of 10.64. Shopify Inc has a 1-year low of $54.30 and a 1-year high of $131.16.

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About Shopify Inc (US)

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP).

Institutional Ownership by Quarter for Shopify Inc (US) (NYSE:SHOP)

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