Anthracite Investment Company Inc. Purchases 5,000 Shares of Shopify Inc. (NYSE:SHOP)

Anthracite Investment Company Inc. lifted its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 21.7% in the third quarter, HoldingsChannel.com reports. The fund owned 28,000 shares of the software maker’s stock after buying an additional 5,000 shares during the period. Anthracite Investment Company Inc.’s holdings in Shopify were worth $2,244,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Moser Wealth Advisors LLC lifted its stake in Shopify by 1.4% during the third quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker’s stock worth $755,000 after purchasing an additional 128 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Shopify by 7.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,983 shares of the software maker’s stock worth $159,000 after buying an additional 129 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Shopify by 41.3% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after buying an additional 133 shares during the last quarter. CVA Family Office LLC lifted its position in shares of Shopify by 11.8% during the 3rd quarter. CVA Family Office LLC now owns 1,354 shares of the software maker’s stock worth $109,000 after buying an additional 143 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC boosted its stake in Shopify by 3.5% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 4,282 shares of the software maker’s stock valued at $343,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Stock Down 1.2 %

Shares of NYSE:SHOP opened at $104.58 on Wednesday. Shopify Inc. has a 1 year low of $48.56 and a 1 year high of $115.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.10 and a quick ratio of 7.10. The stock’s 50-day moving average is $83.46 and its 200 day moving average is $71.48. The company has a market cap of $134.95 billion, a PE ratio of 97.74, a P/E/G ratio of 3.45 and a beta of 2.36.

Analyst Ratings Changes

SHOP has been the subject of a number of research reports. Oppenheimer increased their target price on shares of Shopify from $90.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Argus raised shares of Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. DZ Bank cut shares of Shopify from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Evercore increased their price target on Shopify from $75.00 to $80.00 in a research note on Thursday, August 8th. Finally, Robert W. Baird boosted their price objective on Shopify from $90.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $94.95.

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.