Shopify Inc. $SHOP Shares Acquired by Three Seasons Wealth LLC

Three Seasons Wealth LLC grew its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 95.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,051 shares of the software maker’s stock after purchasing an additional 17,562 shares during the period. Shopify makes up about 0.4% of Three Seasons Wealth LLC’s investment portfolio, making the stock its 24th largest position. Three Seasons Wealth LLC’s holdings in Shopify were worth $4,116,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SHOP. Kingdom Financial Group LLC. acquired a new position in shares of Shopify in the 4th quarter valued at approximately $26,000. Curio Wealth LLC acquired a new position in shares of Shopify in the 4th quarter valued at about $27,000. Evolution Wealth Management Inc. boosted its holdings in shares of Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after buying an additional 155 shares during the period. Graney & King LLC bought a new stake in shares of Shopify during the 1st quarter valued at about $27,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Shopify during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. DA Davidson set a $200.00 price target on Shopify and gave the stock a “buy” rating in a report on Thursday, August 6th. Susquehanna initiated coverage on shares of Shopify in a report on Friday, July 10th. They issued a “neutral” rating for the company. Barclays set a $145.00 target price on Shopify and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Citigroup reaffirmed an “outperform” rating on shares of Shopify in a research note on Thursday, August 6th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 target price (up from $144.00) on shares of Shopify in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.84.

Shopify Stock Performance

SHOP stock opened at $145.09 on Friday. The firm has a 50 day simple moving average of $134.20 and a 200 day simple moving average of $122.69. The stock has a market cap of $186.68 billion, a P/E ratio of 98.03, a P/E/G ratio of 2.98 and a beta of 2.61. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The business had revenue of $3.58 billion for the quarter. During the same period last year, the company posted $0.69 earnings per share. The company’s revenue was up 33.7% compared to the same quarter last year. Research analysts anticipate that Shopify Inc. will post 1.45 earnings per share for the current fiscal year.

Shopify Profile

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.