Natixis Advisors LLC Has $219.80 Million Stock Holdings in Shopify Inc. $SHOP

Natixis Advisors LLC increased its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,479,047 shares of the software maker’s stock after acquiring an additional 46,463 shares during the period. Natixis Advisors LLC’s holdings in Shopify were worth $219,802,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC bought a new position in shares of Shopify in the third quarter valued at approximately $27,000. Rothschild Investment LLC lifted its stake in shares of Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Financial Gravity Companies Inc. acquired a new position in Shopify during the 2nd quarter valued at about $27,000. Caitlin John LLC acquired a new position in Shopify in the third quarter valued at approximately $36,000. Finally, Estabrook Capital Management acquired a new position in shares of Shopify in the 2nd quarter valued at $29,000. 69.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHOP. DZ Bank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Truist Financial set a $150.00 target price on shares of Shopify and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating and set a $172.00 price target (down from $195.00) on shares of Shopify in a research note on Friday, February 13th. TD Cowen upgraded Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a report on Wednesday, February 11th. Finally, Barclays set a $130.00 target price on shares of Shopify and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.64.

Shopify Stock Down 3.4%

Shares of NASDAQ:SHOP opened at $130.20 on Friday. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19. The firm has a market cap of $169.50 billion, a PE ratio of 140.00, a PEG ratio of 4.74 and a beta of 2.83. The company’s 50 day moving average price is $137.30 and its two-hundred day moving average price is $149.06.

About Shopify

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.