Banque Cantonale Vaudoise Has $211,000 Stock Holdings in Shopify Inc. (NYSE:SHOP)

Banque Cantonale Vaudoise boosted its stake in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 40.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,735 shares of the software maker’s stock after purchasing an additional 789 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Shopify were worth $211,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SHOP. Acadian Asset Management LLC grew its holdings in Shopify by 49.4% in the third quarter. Acadian Asset Management LLC now owns 9,340 shares of the software maker’s stock worth $509,000 after purchasing an additional 3,089 shares during the period. Northern Trust Corp grew its holdings in Shopify by 4.3% in the third quarter. Northern Trust Corp now owns 538,465 shares of the software maker’s stock worth $29,384,000 after purchasing an additional 22,315 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in Shopify by 6.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 29,751 shares of the software maker’s stock worth $1,624,000 after purchasing an additional 1,857 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Shopify by 4.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 108,881 shares of the software maker’s stock worth $5,942,000 after buying an additional 4,907 shares during the last quarter. Finally, Numerai GP LLC bought a new position in shares of Shopify in the third quarter valued at $583,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on SHOP. JPMorgan Chase & Co. initiated coverage on shares of Shopify in a research report on Tuesday, June 11th. They set an “overweight” rating and a $74.00 target price for the company. Benchmark reissued a “hold” rating on shares of Shopify in a research note on Tuesday, May 7th. Royal Bank of Canada dropped their target price on Shopify from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, May 9th. Scotiabank decreased their price target on Shopify from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, May 9th. Finally, Loop Capital dropped their price objective on Shopify from $90.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.39.

Shopify Trading Up 1.8 %

NYSE:SHOP opened at $65.03 on Monday. The business has a 50 day moving average of $64.57 and a 200 day moving average of $73.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 7.14 and a current ratio of 7.14. Shopify Inc. has a 1-year low of $45.50 and a 1-year high of $91.57.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Wednesday, May 8th. The software maker reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. Shopify had a negative net margin of 2.82% and a positive return on equity of 7.36%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.84 billion. As a group, research analysts anticipate that Shopify Inc. will post 0.61 earnings per share for the current fiscal year.

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.