Guerra Pan Advisors LLC Purchases Shares of 2,585 Shopify Inc. (NYSE:SHOP)

Guerra Pan Advisors LLC purchased a new stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,585 shares of the software maker’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. boosted its stake in shares of Shopify by 59.1% in the 4th 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 during the last quarter. PCA Investment Advisory Services Inc. bought a new stake in shares of Shopify in the 2nd quarter valued at $27,000. Baldwin Brothers LLC MA boosted its stake in shares of Shopify by 49.0% in the 4th quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock valued at $35,000 after purchasing an additional 147 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Shopify by 350.0% in the 4th quarter. Global Trust Asset Management LLC now owns 450 shares of the software maker’s stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. Finally, Vestor Capital LLC bought a new stake in shares of Shopify in the 2nd quarter valued at $35,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHOP has been the topic of a number of analyst reports. Roth Capital upped their price objective on shares of Shopify from $85.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Mizuho increased their target price on shares of Shopify from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Shopify in a research note on Tuesday. The Goldman Sachs Group increased their target price on shares of Shopify from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, JMP Securities reissued a “market perform” rating on shares of Shopify in a research note on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Shopify currently has a consensus rating of “Hold” and a consensus price target of $78.00.

Shopify Trading Up 0.5 %

NYSE SHOP traded up $0.37 during trading on Tuesday, hitting $68.94. The company had a trading volume of 3,687,659 shares, compared to its average volume of 9,465,267. The company has a current ratio of 6.99, a quick ratio of 6.99 and a debt-to-equity ratio of 0.10. Shopify Inc. has a one year low of $45.50 and a one year high of $91.57. The company has a market cap of $88.70 billion, a price-to-earnings ratio of 761.75 and a beta of 2.22. The company’s fifty day moving average is $77.71 and its 200-day moving average is $71.66.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, February 13th. The software maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.07 billion. Shopify had a net margin of 1.87% and a return on equity of 4.48%. On average, sell-side analysts predict that Shopify Inc. will post 0.57 earnings per share for the current year.

Shopify Company 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.