Jamison Private Wealth Management Inc. Sells 130 Shares of Shopify Inc. (NYSE:SHOP)

Jamison Private Wealth Management Inc. trimmed its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,980 shares of the software maker’s stock after selling 130 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Shopify were worth $211,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group grew its stake in Shopify by 100.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in Shopify in the 2nd quarter worth about $334,000. Kathmere Capital Management LLC bought a new position in Shopify in the 2nd quarter worth about $184,000. Creative Planning grew its stake in Shopify by 45.5% in the 2nd quarter. Creative Planning now owns 376,040 shares of the software maker’s stock worth $24,837,000 after acquiring an additional 117,593 shares in the last quarter. Finally, Copperwynd Financial LLC bought a new position in Shopify in the 2nd quarter worth about $801,000. 69.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SHOP shares. Wedbush upgraded shares of Shopify from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $115.00 to $125.00 in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $120.00 price target on shares of Shopify in a research report on Thursday, December 12th. Barclays upped their price target on shares of Shopify from $70.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Truist Financial upped their price target on shares of Shopify from $65.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Finally, New Street Research began coverage on shares of Shopify in a research report on Friday, January 10th. They issued a “neutral” rating and a $115.00 price target for the company. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $100.32.

Shopify Stock Performance

Shares of SHOP stock opened at $107.74 on Monday. Shopify Inc. has a 52-week low of $48.56 and a 52-week high of $120.72. 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 stock has a market cap of $139.22 billion, a PE ratio of 100.70, a price-to-earnings-growth ratio of 2.24 and a beta of 2.46. The business has a 50-day simple moving average of $109.37 and a 200-day simple moving average of $87.07.

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.