Tidemark LLC acquired a new stake in Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,233 shares of the software maker’s stock, valued at approximately $174,000.
Several other hedge funds have also modified their holdings of the stock. Private Wealth Management Group LLC acquired a new stake in Shopify in the fourth quarter valued at $26,000. SJS Investment Consulting Inc. grew its holdings in shares of Shopify by 59.1% during the fourth quarter. SJS Investment Consulting Inc. now owns 350 shares of the software maker’s stock worth $27,000 after purchasing an additional 130 shares during the last quarter. Your Advocates Ltd. LLP grew its holdings in shares of Shopify by 4,344.4% during the fourth quarter. Your Advocates Ltd. LLP now owns 400 shares of the software maker’s stock worth $31,000 after purchasing an additional 391 shares during the last quarter. Baldwin Brothers LLC MA grew its holdings in shares of Shopify by 49.0% during the fourth quarter. Baldwin Brothers LLC MA now owns 447 shares of the software maker’s stock worth $35,000 after purchasing an additional 147 shares during the last quarter. Finally, Global Trust Asset Management LLC grew its holdings in shares of Shopify by 350.0% during the fourth quarter. Global Trust Asset Management LLC now owns 450 shares of the software maker’s stock worth $35,000 after purchasing an additional 350 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.
Shopify Stock Down 0.1 %
NYSE:SHOP traded down $0.07 on Thursday, reaching $58.63. The stock had a trading volume of 4,507,478 shares, compared to its average volume of 10,368,950. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $71.09 and a 200 day moving average of $74.26. The stock has a market cap of $75.56 billion, a P/E ratio of -343.82, a price-to-earnings-growth ratio of 2.61 and a beta of 2.20. Shopify Inc. has a 12-month low of $45.50 and a 12-month high of $91.57.
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Shopify 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.
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