Shopify Inc. (NYSE:SHOP) Shares Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC lifted its holdings in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 214.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,157 shares of the software maker’s stock after acquiring an additional 13,747 shares during the period. Shopify makes up 0.6% of ORG Wealth Partners LLC’s portfolio, making the stock its 24th biggest position. ORG Wealth Partners LLC’s holdings in Shopify were worth $1,968,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SHOP. LRI Investments LLC increased its position in shares of Shopify by 9.8% in the fourth quarter. LRI Investments LLC now owns 889 shares of the software maker’s stock worth $94,000 after acquiring an additional 79 shares in the last quarter. Tidemark LLC increased its position in shares of Shopify by 3.6% in the fourth quarter. Tidemark LLC now owns 2,592 shares of the software maker’s stock worth $276,000 after acquiring an additional 90 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of Shopify by 50.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Seven Mile Advisory increased its position in shares of Shopify by 2.3% in the fourth quarter. Seven Mile Advisory now owns 5,068 shares of the software maker’s stock worth $539,000 after acquiring an additional 114 shares in the last quarter. Finally, Accurate Wealth Management LLC increased its position in shares of Shopify by 4.0% in the first quarter. Accurate Wealth Management LLC now owns 3,408 shares of the software maker’s stock worth $325,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SHOP. Jefferies Financial Group decreased their price target on shares of Shopify from $130.00 to $110.00 and set a “hold” rating for the company in a report on Monday, May 5th. Truist Financial decreased their price target on shares of Shopify from $120.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, May 6th. Capital One Financial upgraded shares of Shopify from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 8th. Royal Bank Of Canada reduced their target price on shares of Shopify from $145.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Finally, Mizuho reduced their target price on shares of Shopify from $110.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and an average price target of $115.66.

Shopify Price Performance

Shares of Shopify stock opened at $105.97 on Thursday. The firm has a market capitalization of $137.48 billion, a PE ratio of 68.37, a price-to-earnings-growth ratio of 4.82 and a beta of 2.63. The company’s fifty day moving average price is $99.86 and its two-hundred day moving average price is $104.96. Shopify Inc. has a 52-week low of $48.56 and a 52-week high of $129.38.

Shopify 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.