Americana Partners LLC Sells 189 Shares of Shopify Inc. (NYSE:SHOP)

Americana Partners LLC cut its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,366 shares of the software maker’s stock after selling 189 shares during the quarter. Americana Partners LLC’s holdings in Shopify were worth $1,634,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Shopify during the 3rd quarter worth $33,000. Rosenberg Matthew Hamilton increased its position in 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 during the period. New Wave Wealth Advisors LLC acquired a new stake in Shopify in the 4th quarter worth about $39,000. Mather Group LLC. boosted its stake in shares of Shopify by 84.8% in the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock valued at $43,000 after buying an additional 184 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Shopify during the 3rd quarter worth $45,000. 69.27% of the stock is owned by institutional investors.

Shopify Price Performance

SHOP stock opened at $128.36 on Tuesday. The business has a 50-day simple moving average of $111.90 and a two-hundred day simple moving average of $93.20. Shopify Inc. has a 52-week low of $48.56 and a 52-week high of $128.57. The company has a market capitalization of $165.85 billion, a P/E ratio of 119.96, a price-to-earnings-growth ratio of 2.49 and a beta of 2.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a return on equity of 11.60% and a net margin of 16.84%. Research analysts expect that Shopify Inc. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Shopify from $121.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. DA Davidson upped their target price on Shopify from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Piper Sandler lifted their price target on shares of Shopify from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Canaccord Genuity Group increased their target price on shares of Shopify from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, New Street Research began coverage on shares of Shopify in a research report on Friday, January 10th. They set a “neutral” rating and a $115.00 target price for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.21.

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.