Thompson Siegel & Walmsley LLC increased its holdings in Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,540 shares of the software maker’s stock after buying an additional 7,900 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Shopify were worth $14,053,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Zhang Financial LLC purchased a new stake in Shopify during the first quarter valued at about $286,000. Soltis Investment Advisors LLC bought a new stake in shares of Shopify in the second quarter worth about $222,000. Modera Wealth Management LLC bought a new stake in shares of Shopify in the second quarter worth about $215,000. Exchange Traded Concepts LLC grew its stake in shares of Shopify by 45.7% in the second quarter. Exchange Traded Concepts LLC now owns 13,271 shares of the software maker’s stock worth $857,000 after purchasing an additional 4,165 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in shares of Shopify in the first quarter worth about $273,000. Hedge funds and other institutional investors own 60.28% of the company’s stock.
Shopify Stock Performance
Shares of SHOP stock traded up $1.06 during mid-day trading on Friday, reaching $68.34. 9,335,485 shares of the company’s stock traded hands, compared to its average volume of 13,948,701. Shopify Inc. has a 12 month low of $32.35 and a 12 month high of $71.43. The firm has a 50 day moving average price of $56.08 and a two-hundred day moving average price of $59.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.23 and a current ratio of 7.23. The firm has a market capitalization of $87.64 billion, a PE ratio of -75.15 and a beta of 2.08.
Analyst Ratings Changes
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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.
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