Ballast Advisors LLC raised its position in Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) by 11.9% in the 1st quarter, Holdings Channel reports. The fund owned 2,308 shares of the software maker’s stock after acquiring an additional 245 shares during the period. Ballast Advisors LLC’s holdings in Shopify were worth $220,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in SHOP. Brighton Jones LLC lifted its stake in shares of Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after acquiring an additional 584 shares during the period. Prudential Financial Inc. lifted its stake in shares of Shopify by 112.7% in the 4th quarter. Prudential Financial Inc. now owns 36,322 shares of the software maker’s stock worth $3,864,000 after acquiring an additional 19,242 shares during the period. Modern Wealth Management LLC acquired a new stake in shares of Shopify in the 4th quarter worth $266,000. AssuredPartners Investment Advisors LLC acquired a new stake in shares of Shopify in the 4th quarter worth $299,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Shopify by 3.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 57,051 shares of the software maker’s stock valued at $6,068,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.
Shopify Stock Performance
SHOP opened at $124.43 on Friday. The company’s 50 day simple moving average is $112.05 and its 200 day simple moving average is $105.90. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $129.38. The stock has a market capitalization of $161.43 billion, a PE ratio of 80.28, a P/E/G ratio of 4.82 and a beta of 2.61.
Analysts Set New Price Targets
View Our Latest Stock Analysis on SHOP
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.
Read More
- Five stocks we like better than Shopify
- What is a Bond Market Holiday? How to Invest and Trade
- Crypto Skeptics Can Still Win Big With These Risk-Limiting ETFs
- Options Trading – Understanding Strike Price
- 3 Discounted Steel Stocks You Can DCA Into Today
- Basic Materials Stocks Investing
- Could Baker Hughes Be an Unlikely Winner in Drone Defense Boom?
Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP).
Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.