Nadler Financial Group Inc. boosted its stake in Shopify by 0.9% during the second quarter. Renaissance Technologies LLC now owns 1,347,000 shares of the software maker's stock worth $91,732,000 after purchasing an additional 61,000 shares during the last quarter. Montrusco Bolton Investments Inc. owned approximately 0.09% of Shopify worth $10,236,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Eqis Capital Management Inc. grew its stake in Shopify by 19.2% during the 3rd quarter. Bank of Montreal Can now owns 317,588 shares of the company's stock worth $13,631,000 after buying an additional 1,870 shares in the last quarter. Bank of Montreal Can raised its position in shares of Shopify by 0.6% in the third quarter. Zevenbergen Capital Investments LLC now owns 837,955 shares of the software maker's stock worth $72,818,000 after purchasing an additional 222,240 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Shopify during the second quarter worth $104,000. Oppenheimer & Co. Inc. raised its holdings in Shopify by 26.8% during the 2nd quarter. Shopify has a 12-month low of $37.74 and a 12-month high of $123.94. (NYSE SHOP) opened at 98.25 on Friday. The company had a trading volume of 439,987 shares. Shopify Inc. The firm's 50-day moving average price is $109.75 and its 200-day moving average price is $109.75. The company's market capitalization is $3.58 billion.
Shopify's management team will host a conference call to discuss third-quarter results at 8:30 a.m. ET on Tuesday, October 31, 2017. The business had revenue of $151.70 million during the quarter, compared to the consensus estimate of $143.94 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The business's quarterly revenue was up 75.2% on a year-over-year basis. Equities analysts expect that Shopify Inc. will post ($0.13) EPS for the current year.
USA will not disrupt European business deals with Iran - Tillerson
Iranian officials have worked to divide the USA and its European allies on their respective policies toward the Islamic Republic. Large European banks are reluctant to invest, fearing giant fines or being locked out of the United States market, AFP said.
On the ratings front, SHOP stock has been the subject of a number of recent research reports. Vetr cut Shopify from a "strong-buy" rating to a "buy" rating and set a $101.99 target price on the stock.in a research note on Thursday, June 22nd. KeyCorp restated a "buy" rating and set a $116.00 price target on shares of Shopify in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Shopify from a "buy" rating to a "hold" rating in a research note on Wednesday, November 9th. Finally, Piper Jaffray Companies restated a "buy" rating and set a $110.00 price target on shares of Shopify in a report on Tuesday, September 5th. Goldman Sachs Group Inc. initiated coverage on shares of Shopify in a research report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the company's stock. Shopify has a consensus rating of "Buy" and a consensus target price of $43.81. If you are reading this story on another publication, it was illegally copied and reposted in violation of global trademark and copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/20/stifel-financial-corp-sells-25303-shares-of-shopify-inc-shop.html.
Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. "With Shopify's massive scale, powering more than 500,000 businesses, we're able to work with global shipping powerhouses to offer this premium solution to the small business owner". The Company's software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.
- $0.56 EPS Expected for Alliance Resource Partners, LP (ARLP)
- US Census Bureau and HUD Report Housing Stats
- Russia's Lavrov Warns One-Sided Changes Could Sink Iran Deal
- Celgene Corporation (CELG) - UBS Holds Rating And Sets New Price Target
- James Packer Calls Mariah Carey A 'Mistake' In Shocking New Interview
- Bill Gates announced a massive investment in public education
- Mob mercilessly thrash Kashmiri youth, try to set him on fire
- Inflation, wage hike top most Filipinos' concerns
- Valverde: I hope Messi scores 200th European goal this season
- A Georgia Lawmaker Actually Suggested "Quarantining" People Living With HIV/AIDS