Rosenberg Matthew Hamilton Has $62,000 Holdings in Shopify Inc. (NYSE:SHOP)

Rosenberg Matthew Hamilton lifted its holdings in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 586 shares of the software maker’s stock after purchasing an additional 131 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Shopify were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sunbelt Securities Inc. increased its stake in Shopify by 0.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker’s stock worth $1,162,000 after acquiring an additional 105 shares during the period. Moser Wealth Advisors LLC increased its position in shares of Shopify by 1.4% in the third quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock worth $755,000 after purchasing an additional 128 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Shopify by 7.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,983 shares of the software maker’s stock worth $159,000 after purchasing an additional 129 shares during the period. CVA Family Office LLC lifted its position in Shopify by 11.8% during the third quarter. CVA Family Office LLC now owns 1,354 shares of the software maker’s stock worth $109,000 after purchasing an additional 143 shares during the period. Finally, Twin Peaks Wealth Advisors LLC grew its stake in Shopify by 3.5% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 4,282 shares of the software maker’s stock worth $343,000 after buying an additional 145 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Stock Performance

Shares of SHOP stock opened at $101.48 on Wednesday. The firm has a 50 day moving average of $108.26 and a 200-day moving average of $85.04. The company has a market cap of $131.12 billion, a price-to-earnings ratio of 94.84, a price-to-earnings-growth ratio of 2.98 and a beta of 2.46. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify Inc. has a 52 week low of $48.56 and a 52 week high of $120.72.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Barclays boosted their price objective on shares of Shopify from $70.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised their target price on Shopify from $88.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. DZ Bank cut Shopify from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Finally, Robert W. Baird raised their price objective on Shopify from $90.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $100.31.

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.