Invictus RG Buys New Holdings in Shopify Inc. (SHOP)

Invictus RG bought a new position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,475 shares of the software maker’s stock, valued at approximately $288,000.

A number of other large investors have also modified their holdings of the stock. Pinebridge Investments L.P. purchased a new stake in shares of Shopify in the 3rd quarter valued at approximately $3,012,000. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Shopify by 17.2% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 8,195 shares of the software maker’s stock valued at $798,000 after acquiring an additional 1,200 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Shopify in the 3rd quarter valued at approximately $792,000. Associated Banc Corp purchased a new stake in shares of Shopify in the 3rd quarter valued at approximately $236,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Shopify in the 3rd quarter valued at approximately $18,125,000. Hedge funds and other institutional investors own 55.34% of the company’s stock.

Several equities research analysts recently commented on SHOP shares. Oppenheimer restated a “hold” rating on shares of Shopify in a research report on Wednesday, August 9th. Vetr upgraded shares of Shopify from a “buy” rating to a “strong-buy” rating and set a $107.76 price target for the company in a research report on Wednesday, August 9th. Ifs Securities started coverage on shares of Shopify in a research report on Thursday, August 24th. They issued an “outperform” rating and a $115.00 price target for the company. BidaskClub upgraded shares of Shopify from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $110.00 price target on shares of Shopify in a research report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Shopify has an average rating of “Buy” and an average target price of $102.56.

Shopify Inc. (NYSE:SHOP) traded up $0.49 during trading on Thursday, hitting $95.77. 1,404,400 shares of the stock were exchanged, compared to its average volume of 2,099,946. The company has a current ratio of 10.64, a quick ratio of 10.64 and a debt-to-equity ratio of 0.02. Shopify Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $123.94.

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About Shopify

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.

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Institutional Ownership by Quarter for Shopify (NYSE:SHOP)

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