QRG Capital Management Inc. bought a new stake in Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,837 shares of the software maker’s stock, valued at approximately $227,000.
A number of other institutional investors have also bought and sold shares of SHOP. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Shopify by 100.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after buying an additional 133 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Shopify during the 2nd quarter worth approximately $33,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Shopify in the 2nd quarter valued at $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Shopify during the second quarter worth $39,000. Institutional investors own 69.27% of the company’s stock.
Shopify Price Performance
SHOP opened at $108.24 on Wednesday. The company has a market capitalization of $139.67 billion, a price-to-earnings ratio of 110.45, a PEG ratio of 2.91 and a beta of 2.36. The company has a quick ratio of 7.32, a current ratio of 7.32 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $78.73 and a 200-day moving average price of $69.92. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $114.51.
Analysts Set New Price Targets
Check Out Our Latest Analysis on SHOP
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.
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