Henry James International Management Inc. Acquires 7,572 Shares of Shopify Inc. (NYSE:SHOP)

Henry James International Management Inc. raised its holdings in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,637 shares of the software maker’s stock after buying an additional 7,572 shares during the period. Shopify comprises approximately 6.0% of Henry James International Management Inc.’s investment portfolio, making the stock its biggest holding. Henry James International Management Inc.’s holdings in Shopify were worth $16,655,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. SVB Wealth LLC acquired a new stake in shares of Shopify during the 4th quarter worth about $563,000. Dynasty Wealth Management LLC raised its holdings in Shopify by 1.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 31,001 shares of the software maker’s stock valued at $3,296,000 after acquiring an additional 563 shares during the period. QRG Capital Management Inc. lifted its position in Shopify by 79.9% during the fourth quarter. QRG Capital Management Inc. now owns 5,104 shares of the software maker’s stock worth $543,000 after acquiring an additional 2,267 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Shopify by 11.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 320,834 shares of the software maker’s stock worth $34,114,000 after purchasing an additional 34,158 shares during the period. Finally, Kovack Advisors Inc. increased its stake in shares of Shopify by 14.4% during the fourth quarter. Kovack Advisors Inc. now owns 10,553 shares of the software maker’s stock worth $1,122,000 after purchasing an additional 1,331 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Trading Up 1.0 %

Shopify stock opened at $111.97 on Friday. The company has a market capitalization of $144.98 billion, a PE ratio of 72.24, a P/E/G ratio of 4.82 and a beta of 2.47. The stock has a 50-day moving average price of $112.88 and a two-hundred day moving average price of $96.75. Shopify Inc. has a 12 month low of $48.56 and a 12 month high of $129.38.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. As a group, analysts predict that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SHOP shares. UBS Group upped their price objective on Shopify from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Mizuho upped their price target on shares of Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. KeyCorp lifted their price objective on shares of Shopify from $80.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Wedbush reissued an “outperform” rating and issued a $125.00 price objective on shares of Shopify in a report on Tuesday, February 11th. Finally, Jefferies Financial Group raised their target price on shares of Shopify from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, February 18th. One 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.31.

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.