Fidelity Management & Research Co recently announced the acquisition of new stake in Shopify Inc (NYSE:SHOP). The institutional investor has increased its shareholding in the Technology company by 16.79% to 34.05 million shares with purchase of 4.89 million shares. This fresh investment now brings its stake to 2.82% valued currently at $2.65 billion. In addition, Capital Research & Management Co raised its holdings by 2.41 million to 30.64 million shares. And The Vanguard Group, Inc. has lifted its position by 1.06% or 0.29 million shares – to 27.61 million shares.
The top 3 mutual fund holders in Shopify Inc are American Funds EuroPacific Growth, American Funds Growth Fund of Ame, and Vanguard Total International Stoc. American Funds EuroPacific Growth owns 22.56 million shares of the company’s stock, all valued at over $1.76 billion. The company sold -3.75 million shares recently to bring their total holdings to about 1.87% of the shares outstanding. American Funds Growth Fund of Ame bought 4.75 million shares to see its total holdings expand to 22.41 million shares valued at over $1.75 billion and representing 1.86% of the shares outstanding. Vanguard Total International Stoc bought 0.19 million shares to bring its total holdings to over 15.7 million shares at a value of $1.22 billion. Vanguard Total International Stoc now owns shares totaling to 1.30% of the shares outstanding.
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However, the script later moved the day high at 80.18, up 3.21%. The company’s stock has a 5-day price change of -1.59% and 51.42% over the past three months. SHOP shares are trading 2.71% year to date (YTD), with the 12-month market performance up to 104.26% higher. It has a 12-month low price of $37.91 and touched a high of $83.19 over the same period. SHOP has an average intraday trading volume of 11.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.93%, 9.49%, and 30.31% respectively.
Institutional ownership of Shopify Inc (NYSE: SHOP) 1.20B shares outstanding. Mutual fund holders own 23.49%, while other institutional holders and individual stakeholders account for 42.85% and — respectively.
It has a market capitalization of $14.63B and a beta (3y monthly) value of 2.27. The earnings-per-share (ttm) stands at -$0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.92% over the week and 3.50% over the month.
Analysts forecast that Shopify Inc (SHOP) will achieve an EPS of $Safety Shot, Inc. for the current quarter, $2.26 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $SHOPIFY INC while analysts give the company a high EPS estimate of $Seanergy Maritime Holdings Corp. Comparatively, EPS for the current quarter was $NATURALSHRIMP INC a year ago. Earnings per share for the fiscal year are expected to increase by 1627.70%, and 51.02% over the next financial year.
