Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in shares of Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,614 shares of the software maker’s stock after selling 411 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Shopify were worth $188,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in SHOP. StoneCrest Wealth Management Inc. acquired a new stake in Shopify during the 4th quarter valued at $1,164,000. Asset Management One Co. Ltd. boosted its stake in shares of Shopify by 4,007.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 35,488 shares of the software maker’s stock valued at $2,807,000 after acquiring an additional 34,624 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Shopify during the 4th quarter worth about $433,000. Bleakley Financial Group LLC raised its stake in Shopify by 18.5% in the 4th quarter. Bleakley Financial Group LLC now owns 10,778 shares of the software maker’s stock valued at $840,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in Shopify by 1.8% in the 4th quarter. Savant Capital LLC now owns 10,425 shares of the software maker’s stock valued at $812,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.
Shopify Stock Down 1.8 %
NYSE:SHOP opened at $57.64 on Friday. The firm has a 50-day moving average of $70.67 and a two-hundred day moving average of $74.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.14 and a quick ratio of 7.14. Shopify Inc. has a 1-year low of $45.50 and a 1-year high of $91.57.
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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.
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