Shopify Inc. (NYSE:SHOP) Stake Increased by Capital International Ltd. CA

Capital International Ltd. CA lifted its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 400,051 shares of the software maker’s stock after acquiring an additional 45,346 shares during the quarter. Shopify accounts for approximately 1.7% of Capital International Ltd. CA’s holdings, making the stock its 12th largest position. Capital International Ltd. CA’s holdings in Shopify were worth $42,537,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Norges Bank bought a new position in Shopify during the fourth quarter valued at about $1,542,262,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Shopify by 79.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 16,487,579 shares of the software maker’s stock worth $1,752,834,000 after purchasing an additional 7,316,862 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Shopify by 631.3% during the fourth quarter. Alliancebernstein L.P. now owns 4,459,580 shares of the software maker’s stock valued at $474,187,000 after purchasing an additional 3,849,796 shares during the last quarter. Marshall Wace LLP boosted its holdings in Shopify by 623.8% during the fourth quarter. Marshall Wace LLP now owns 1,870,891 shares of the software maker’s stock worth $198,932,000 after buying an additional 2,228,091 shares in the last quarter. Finally, FIL Ltd grew its position in Shopify by 11.9% in the fourth quarter. FIL Ltd now owns 15,774,148 shares of the software maker’s stock worth $1,678,865,000 after buying an additional 1,682,326 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify Price Performance

Shares of NYSE:SHOP opened at $83.65 on Friday. The stock has a market capitalization of $108.31 billion, a P/E ratio of 53.97, a P/E/G ratio of 4.82 and a beta of 2.82. The business has a 50-day moving average of $101.26 and a two-hundred day moving average of $101.43. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $129.38.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. New Street Research initiated coverage on Shopify in a research note on Friday, January 10th. They set a “neutral” rating and a $115.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Shopify from $121.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. CIBC upped their price objective on shares of Shopify from $135.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Citigroup lifted their target price on shares of Shopify from $143.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Cantor Fitzgerald reduced their price target on shares of Shopify from $120.00 to $80.00 and set a “neutral” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.94.

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.