CWA Asset Management Group LLC Buys 148 Shares of Shopify Inc. (NYSE:SHOP)

CWA Asset Management Group LLC grew its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 3.6% during the fourth quarter, Holdings Channel reports. The firm owned 4,282 shares of the software maker’s stock after purchasing an additional 148 shares during the period. CWA Asset Management Group LLC’s holdings in Shopify were worth $455,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group raised its position in Shopify by 100.0% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new stake in shares of Shopify in the 2nd quarter worth $33,000. Brooklyn Investment Group purchased a new stake in shares of Shopify in the third quarter valued at about $33,000. Rosenberg Matthew Hamilton lifted its position in shares of Shopify by 41.3% during the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in Shopify during the third quarter worth about $45,000. Institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SHOP. Mizuho lifted their target price on shares of Shopify from $68.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. DZ Bank lowered Shopify from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Barclays upped their price objective on Shopify from $70.00 to $93.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup lifted their target price on Shopify from $90.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Wedbush upgraded shares of Shopify from a “neutral” rating to an “outperform” rating and increased their price target for the company from $115.00 to $125.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.88.

Shopify Stock Up 0.9 %

Shares of NYSE SHOP opened at $107.74 on Thursday. The business has a 50-day moving average of $106.27 and a 200-day moving average of $83.83. The firm has a market capitalization of $139.21 billion, a price-to-earnings ratio of 100.69, a PEG ratio of 2.98 and a beta of 2.46. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $120.72.

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.