Trust Co. of Vermont Has $118,000 Stock Position in Shopify Inc. (NYSE:SHOP)

Trust Co. of Vermont increased its position in Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,114 shares of the software maker’s stock after purchasing an additional 100 shares during the quarter. Trust Co. of Vermont’s holdings in Shopify were worth $118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in shares of Shopify by 0.7% during the third quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker’s stock worth $1,162,000 after purchasing an additional 105 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in shares of Shopify by 3.3% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker’s stock valued at $357,000 after buying an additional 107 shares in the last quarter. Moser Wealth Advisors LLC grew its holdings in shares of Shopify by 1.4% during the third quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock valued at $755,000 after buying an additional 128 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Shopify by 7.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,983 shares of the software maker’s stock worth $159,000 after acquiring an additional 129 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its holdings in shares of Shopify by 28.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 586 shares of the software maker’s stock worth $62,000 after acquiring an additional 131 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SHOP shares. Scotiabank increased their price objective on Shopify from $75.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. Wedbush raised Shopify from a “neutral” rating to an “outperform” rating and increased their price target for the company from $115.00 to $125.00 in a research report on Monday, January 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Shopify in a report on Monday, October 7th. Oppenheimer increased their target price on shares of Shopify from $90.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, New Street Research started coverage on shares of Shopify in a research report on Friday, January 10th. They set a “neutral” rating and a $115.00 price target on the stock. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $100.31.

Shopify Trading Down 0.2 %

Shares of SHOP stock opened at $103.25 on Monday. 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 stock has a fifty day simple moving average of $109.39 and a two-hundred day simple moving average of $85.70. The firm has a market capitalization of $133.41 billion, a PE ratio of 96.50, a PEG ratio of 2.18 and a beta of 2.46. Shopify Inc. has a 52-week low of $48.56 and a 52-week high of $120.72.

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.