JFS Wealth Advisors LLC Acquires 195 Shares of Shopify Inc. (NYSE:SHOP)

JFS Wealth Advisors LLC raised its holdings in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 18.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,252 shares of the software maker’s stock after purchasing an additional 195 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Shopify were worth $133,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SHOP. Brooklyn Investment Group bought a new position in Shopify during the 3rd quarter worth about $33,000. Rosenberg Matthew Hamilton boosted its stake in shares of Shopify by 41.3% during the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in Shopify during the fourth quarter valued at approximately $39,000. Mather Group LLC. raised its stake in Shopify by 84.8% in the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock worth $43,000 after buying an additional 184 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Shopify during the third quarter worth $45,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Up 0.6 %

Shares of Shopify stock opened at $128.36 on Tuesday. Shopify Inc. has a 52-week low of $48.56 and a 52-week high of $128.57. The company has a 50 day moving average of $111.90 and a 200 day moving average of $93.20. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $165.85 billion, a P/E ratio of 119.96, a P/E/G ratio of 2.49 and a beta of 2.47.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a return on equity of 11.60% and a net margin of 16.84%. As a group, research analysts forecast that Shopify Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SHOP. Barclays raised their price objective on Shopify from $93.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. UBS Group raised their price target on shares of Shopify from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Citigroup raised their target price on shares of Shopify from $143.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on Shopify from $121.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.21.

About Shopify

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.