Liontrust Investment Partners LLP Has $29.79 Million Position in Shopify Inc. $SHOP

Liontrust Investment Partners LLP increased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 33.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,274 shares of the software maker’s stock after buying an additional 64,375 shares during the period. Liontrust Investment Partners LLP’s holdings in Shopify were worth $29,788,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC acquired a new position in Shopify during the second quarter worth $25,000. Rothschild Investment LLC raised its holdings in shares of Shopify by 47.5% in the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in Shopify in the 2nd quarter valued at about $27,000. Tradewinds Capital Management LLC boosted its stake in Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Coastline Trust Co acquired a new position in Shopify during the 2nd quarter valued at about $29,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on SHOP. TD Securities upgraded Shopify to a “hold” rating in a report on Thursday, December 4th. National Bankshares upped their target price on shares of Shopify from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Canaccord Genuity Group increased their target price on shares of Shopify from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. CIBC restated an “outperform” rating on shares of Shopify in a report on Wednesday, November 5th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Shopify in a research report on Monday, December 1st. Twenty-two research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $166.53.

Shopify Stock Performance

Shares of SHOP opened at $164.19 on Friday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The business has a 50-day moving average of $159.60 and a 200 day moving average of $139.79. The firm has a market cap of $213.75 billion, a P/E ratio of 121.62, a price-to-earnings-growth ratio of 6.10 and a beta of 2.82.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. Shopify had a net margin of 16.65% and a return on equity of 11.72%. As a group, research analysts predict that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Shopify Company 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.