Vestor Capital LLC Takes Position in Shopify Inc. (NYSE:SHOP)

Vestor Capital LLC bought a new position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 693 shares of the software maker’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its holdings in shares of Shopify by 59.1% in the fourth quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock valued at $27,000 after purchasing an additional 130 shares in the last quarter. Baldwin Brothers LLC MA lifted its stake in Shopify by 49.0% in the 4th quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock worth $35,000 after acquiring an additional 147 shares in the last quarter. Global Trust Asset Management LLC boosted its position in Shopify by 350.0% during the 4th quarter. Global Trust Asset Management LLC now owns 450 shares of the software maker’s stock worth $35,000 after acquiring an additional 350 shares during the period. Salem Investment Counselors Inc. grew its stake in Shopify by 1,112.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 606 shares of the software maker’s stock valued at $47,000 after acquiring an additional 556 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of Shopify in the 4th quarter valued at about $51,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Trading Down 0.4 %

Shares of Shopify stock traded down $0.26 on Thursday, hitting $62.47. 19,793,221 shares of the company’s stock traded hands, compared to its average volume of 9,943,693. The firm’s 50-day moving average price is $74.48 and its two-hundred day moving average price is $73.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.99 and a quick ratio of 6.99. The stock has a market capitalization of $80.37 billion, a PE ratio of 694.11 and a beta of 2.20. Shopify Inc. has a one year low of $45.50 and a one year high of $91.57.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its earnings results on Tuesday, February 13th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Shopify had a return on equity of 4.48% and a net margin of 1.87%. On average, research analysts expect that Shopify Inc. will post 0.59 EPS for the current fiscal year.

Analyst Ratings Changes

SHOP has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Shopify from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday. Barclays dropped their price objective on Shopify from $68.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday. JMP Securities raised shares of Shopify from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Thursday. Robert W. Baird decreased their target price on shares of Shopify from $87.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, National Bankshares raised their price target on shares of Shopify from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $76.53.

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.