3,341 Shares in Shopify Inc (SHOP) Purchased by Point Break Capital Management LLC

Share on StockTwits

Point Break Capital Management LLC purchased a new position in Shopify Inc (NYSE:SHOP) (TSE:SHOP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,341 shares of the software maker’s stock, valued at approximately $463,000. Shopify accounts for about 0.1% of Point Break Capital Management LLC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mackey Komara & Dankovich LLC acquired a new stake in Shopify during the 4th quarter valued at $28,000. Optimum Investment Advisors acquired a new stake in Shopify during the 4th quarter valued at $28,000. Quad Cities Investment Group LLC acquired a new stake in Shopify during the 4th quarter valued at $28,000. Murphy Pohlad Asset Management LLC acquired a new stake in Shopify during the 4th quarter valued at $27,000. Finally, We Are One Seven LLC acquired a new stake in Shopify during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 65.90% of the company’s stock.

Shares of SHOP opened at $205.98 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 15.35 and a current ratio of 15.35. The firm has a market capitalization of $22.19 billion, a P/E ratio of -337.67 and a beta of 1.53. Shopify Inc has a twelve month low of $112.50 and a twelve month high of $209.59.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, February 12th. The software maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.32. The business had revenue of $344.00 million for the quarter, compared to analyst estimates of $327.45 million. Shopify had a negative return on equity of 3.52% and a negative net margin of 6.01%. The business’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. Equities research analysts expect that Shopify Inc will post -0.93 EPS for the current year.

SHOP has been the topic of a number of recent analyst reports. Roth Capital increased their price target on Shopify from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Mackie increased their price target on Shopify from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. DA Davidson increased their price target on Shopify from $150.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. Canaccord Genuity increased their price target on Shopify from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, February 12th. Finally, Guggenheim set a $200.00 price target on Shopify and gave the stock a “buy” rating in a research note on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $186.15.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Week Herald and is owned by of Week Herald. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://weekherald.com/2019/03/17/3341-shares-in-shopify-inc-shop-purchased-by-point-break-capital-management-llc.html.

Shopify Company Profile

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

Featured Story: What is the Federal Reserve?

Institutional Ownership by Quarter for Shopify (NYSE: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.



Leave a Reply