Shopify Inc (US) (SHOP) Position Trimmed by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH trimmed its holdings in shares of Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) by 65.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,125 shares of the software maker’s stock after selling 7,818 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Shopify Inc (US) were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. HighTower Advisors LLC acquired a new position in shares of Shopify Inc (US) during the 2nd quarter valued at about $321,000. Barometer Capital Management Inc. acquired a new position in shares of Shopify Inc (US) during the 3rd quarter valued at about $14,555,000. Penserra Capital Management LLC increased its holdings in shares of Shopify Inc (US) by 55.5% during the 3rd quarter. Penserra Capital Management LLC now owns 16,308 shares of the software maker’s stock valued at $1,899,000 after acquiring an additional 5,820 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Shopify Inc (US) during the 3rd quarter valued at about $1,536,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Shopify Inc (US) by 7.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 235,517 shares of the software maker’s stock valued at $27,378,000 after acquiring an additional 15,810 shares during the last quarter. 55.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Shopify Inc (NYSE SHOP) traded up $0.27 during mid-day trading on Thursday, hitting $111.00. The company’s stock had a trading volume of 668,100 shares, compared to its average volume of 950,200. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.64 and a quick ratio of 10.64. Shopify Inc has a 52 week low of $47.28 and a 52 week high of $123.94. The company has a market cap of $11,080.00 and a P/E ratio of -226.53.

Several analysts recently weighed in on SHOP shares. Macquarie increased their target price on Shopify Inc (US) from $121.00 to $146.00 and gave the company an “outperform” rating in a research note on Wednesday, September 20th. BidaskClub upgraded Shopify Inc (US) from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Monness Crespi & Hardt upgraded Shopify Inc (US) from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Friday, October 27th. Vetr upgraded Shopify Inc (US) from a “buy” rating to a “strong-buy” rating and set a $125.38 target price for the company in a research note on Wednesday, November 29th. Finally, Royal Bank of Canada increased their target price on Shopify Inc (US) from $99.00 to $132.50 and gave the company a “sector perform” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $104.31.

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Shopify Inc (US) Profile

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

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Institutional Ownership by Quarter for Shopify Inc (US) (NYSE:SHOP)

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