Landscape Capital Management L.L.C. Has $3.45 Million Stake in Shopify Inc. $SHOP

Landscape Capital Management L.L.C. grew its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 63.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,443 shares of the software maker’s stock after buying an additional 8,360 shares during the period. Landscape Capital Management L.L.C.’s holdings in Shopify were worth $3,452,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. M&T Bank Corp increased its holdings in shares of Shopify by 37.1% in the 4th quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock valued at $13,051,000 after purchasing an additional 21,945 shares during the period. Triasima Portfolio Management inc. increased its holdings in shares of Shopify by 11.0% in the 4th quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock valued at $29,398,000 after purchasing an additional 18,028 shares during the period. Assetmark Inc. increased its holdings in shares of Shopify by 6.7% in the 4th quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock valued at $34,380,000 after purchasing an additional 13,415 shares during the period. SG Americas Securities LLC increased its holdings in shares of Shopify by 286.6% in the 4th quarter. SG Americas Securities LLC now owns 508,723 shares of the software maker’s stock valued at $81,889,000 after purchasing an additional 377,129 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Shopify by 12.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,114 shares of the software maker’s stock valued at $84,689,000 after purchasing an additional 59,745 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SHOP shares. BMO Capital Markets dropped their price objective on Shopify from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Barclays set a $126.00 price objective on Shopify and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective on shares of Shopify in a report on Wednesday, May 6th. National Bank Financial dropped their price objective on Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Finally, Weiss Ratings downgraded Shopify from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify Stock Performance

SHOP opened at $108.24 on Monday. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The stock has a market capitalization of $140.46 billion, a price-to-earnings ratio of 107.17, a P/E/G ratio of 3.03 and a beta of 2.60. The business has a 50 day moving average of $113.99 and a 200-day moving average of $131.44.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping the consensus estimate of $0.22 by $998.78. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. Equities analysts predict that Shopify Inc. will post 1.36 EPS for the current year.

Shopify 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.