Howland Capital Management LLC Buys 99 Shares of Shopify Inc. (NYSE:SHOP)

Howland Capital Management LLC lifted its stake in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,949 shares of the software maker’s stock after buying an additional 99 shares during the period. Howland Capital Management LLC’s holdings in Shopify were worth $526,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new stake in shares of Shopify during the 4th quarter valued at $39,000. Mather Group LLC. boosted its stake in Shopify by 84.8% during the fourth quarter. Mather Group LLC. now owns 401 shares of the software maker’s stock worth $43,000 after acquiring an additional 184 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Shopify in the third quarter worth about $33,000. Rosenberg Matthew Hamilton increased its stake 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, Synergy Asset Management LLC purchased a new position in shares of Shopify during the fourth quarter valued at approximately $55,000. 69.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SHOP shares. Barclays upped their price target on Shopify from $70.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler raised their price target on Shopify from $67.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $120.00 price target on shares of Shopify in a research report on Thursday, December 12th. Robert W. Baird increased their price objective on shares of Shopify from $90.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Truist Financial lifted their target price on shares of Shopify from $65.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.32.

Shopify Stock Down 1.1 %

SHOP stock opened at $117.33 on Monday. The business’s 50-day moving average price is $110.91 and its 200-day moving average price is $90.72. The stock has a market cap of $151.60 billion, a P/E ratio of 109.65, a PEG ratio of 2.49 and a beta of 2.47. Shopify Inc. has a twelve month low of $48.56 and a twelve month high of $122.81. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09.

About Shopify

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.