Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP)’s share price rose 0% on Monday . The company traded as high as $128.95 and last traded at $127.94. Approximately 2,702,733 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 1,409,514 shares. The stock had previously closed at $127.94.

SHOP has been the subject of a number of analyst reports. Vetr lowered shares of Shopify Inc (US) from a “buy” rating to a “hold” rating and set a $130.32 price objective for the company. in a research report on Monday, January 29th. BidaskClub raised shares of Shopify Inc (US) from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Morgan Stanley boosted their price objective on shares of Shopify Inc (US) from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Monness Crespi & Hardt raised shares of Shopify Inc (US) from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Friday, October 27th. Finally, National Bank Financial boosted their price objective on shares of Shopify Inc (US) from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $108.67.

The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.02. The firm has a market cap of $12,700.00 and a P/E ratio of -261.10.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Abdiel Capital Advisors LP grew its stake in Shopify Inc (US) by 12.2% during the fourth quarter. Abdiel Capital Advisors LP now owns 1,570,200 shares of the software maker’s stock worth $158,590,000 after buying an additional 170,200 shares during the period. Whale Rock Capital Management LLC grew its stake in Shopify Inc (US) by 37.7% during the third quarter. Whale Rock Capital Management LLC now owns 1,323,557 shares of the software maker’s stock worth $154,181,000 after buying an additional 362,527 shares during the period. Baillie Gifford & Co. purchased a new stake in Shopify Inc (US) during the third quarter worth approximately $109,344,000. Zevenbergen Capital Investments LLC grew its stake in Shopify Inc (US) by 5.7% during the third quarter. Zevenbergen Capital Investments LLC now owns 885,840 shares of the software maker’s stock worth $103,192,000 after buying an additional 47,885 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its stake in Shopify Inc (US) by 40.1% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 705,434 shares of the software maker’s stock worth $71,506,000 after buying an additional 201,845 shares during the period. Institutional investors own 54.61% of the company’s stock.

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About Shopify Inc (US)

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. 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.

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