Generali Investments CEE investicni spolecnost a.s. Takes Position in Shopify Inc. $SHOP

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,058 shares of the software maker’s stock, valued at approximately $3,712,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC increased its stake in Shopify by 1.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker’s stock valued at $512,000 after purchasing an additional 59 shares during the last quarter. Accurate Wealth Management LLC lifted its position in shares of Shopify by 2.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker’s stock worth $526,000 after buying an additional 67 shares during the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Shopify by 1.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker’s stock worth $587,000 after buying an additional 70 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Shopify by 0.9% in the 3rd quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker’s stock valued at $1,228,000 after buying an additional 75 shares in the last quarter. Finally, Seros Financial LLC boosted its holdings in shares of Shopify by 2.7% in the 3rd quarter. Seros Financial LLC now owns 2,856 shares of the software maker’s stock valued at $424,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $111.85 on Friday. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The stock has a market cap of $145.86 billion, a P/E ratio of 120.27, a P/E/G ratio of 4.09 and a beta of 2.83. The firm has a fifty day moving average price of $125.10 and a 200 day moving average price of $147.07.

Analysts Set New Price Targets

Several equities research analysts recently commented on SHOP shares. Benchmark cut their price target on shares of Shopify from $195.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Wedbush decreased their price objective on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. TD Cowen raised Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a report on Wednesday, February 11th. Mizuho upgraded Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 target price on the stock in a research report on Thursday, February 12th. Finally, Wells Fargo & Company set a $191.00 target price on Shopify and gave the company an “overweight” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Shopify has a consensus rating of “Moderate Buy” and an average price target of $163.38.

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.