24,536 Shares in Shopify Inc. (NYSE:SHOP) Acquired by Nia Impact Advisors LLC

Nia Impact Advisors LLC acquired a new position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 24,536 shares of the software maker’s stock, valued at approximately $2,609,000.

Several other institutional investors have also recently bought and sold shares of SHOP. Allianz SE bought a new position in Shopify in the 4th quarter worth approximately $27,000. PFG Private Wealth Management LLC raised its position in shares of Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker’s stock valued at $28,000 after acquiring an additional 256 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in shares of Shopify by 50.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Shopify during the 4th quarter valued at $39,000. Finally, Mather Group LLC. raised its position in shares of Shopify by 84.8% during the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports 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. UBS Group reduced their target price on shares of Shopify from $125.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group reduced their target price on shares of Shopify from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. 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, DA Davidson cut their price target on shares of Shopify from $150.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.37.

Shopify Stock Up 3.2%

Shopify stock opened at $107.68 on Wednesday. The stock has a market cap of $139.43 billion, a P/E ratio of 69.47, a P/E/G ratio of 4.82 and a beta of 2.66. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $129.38. The company’s 50-day moving average price is $93.35 and its two-hundred day moving average price is $103.26.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. Equities analysts anticipate that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

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.