Hantz Financial Services Inc. Increases Stock Holdings in Shopify Inc. (NYSE:SHOP)

Hantz Financial Services Inc. boosted its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 30.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 340,472 shares of the software maker’s stock after purchasing an additional 79,330 shares during the period. Hantz Financial Services Inc.’s holdings in Shopify were worth $27,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group boosted its position in Shopify by 100.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Cultivar Capital Inc. bought a new position in shares of Shopify in the second quarter worth about $33,000. Hazlett Burt & Watson Inc. bought a new position in shares of Shopify in the second quarter worth about $33,000. Brooklyn Investment Group bought a new position in shares of Shopify in the third quarter worth about $33,000. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Shopify by 41.3% in the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after buying an additional 133 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley raised their price objective on Shopify from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Roth Mkm raised their price objective on Shopify from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Truist Financial raised their price objective on Shopify from $65.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. Evercore ISI raised their price objective on Shopify from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, DZ Bank downgraded Shopify from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.84.

Shopify Stock Performance

NYSE SHOP opened at $112.54 on Friday. The company has a market cap of $145.41 billion, a P/E ratio of 105.18, a P/E/G ratio of 2.96 and a beta of 2.36. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10. The business’s 50 day moving average price is $88.42 and its 200-day moving average price is $73.45. Shopify Inc. has a fifty-two week low of $48.56 and a fifty-two week high of $115.62.

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.