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The Goldman Sachs Group Inc. Buys 117062 Shares of Shopify Inc. (SHOP)

01 August 2017

Shopify Inc. (NYSE:SHOP) (TSE:SH)'s stock had its "outperform" rating reiterated by investment analysts at Robert W. Baird in a report issued on Monday, July 3rd. Shopify Inc (US) (NYSE:SHOP) has risen 242.20% since August 1, 2016 and is uptrending.

Several other equities analysts also recently commented on the stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank boosted its stake in Shopify by 148.1% in the first quarter.

The stock decreased 0.66% or $0.61 during the last trading session, hitting $94.75. FMR LLC boosted its position in Shopify by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 9,001 shares of the software maker's stock valued at $782,000 after buying an additional 581 shares in the last quarter. The stock rose 0.08% or $0.18 reaching $231.38 per share. First Mercantile Trust Co. raised its stake in Shopify by 74.5% in the first quarter. Montrusco Bolton Investments Inc. bought a new position in shares of Shopify during the first quarter worth about $13,544,000.

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Analysts await Shopify Inc. Vetr downgraded shares of Shopify from a strong-buy rating to a buy rating and set a $79.10 price objective on the stock.in a report on Tuesday, March 28th. The company had a trading volume of 6,590,195 shares. The firm has a 50 day moving average of $90.15 and a 200-day moving average of $75.54. The company's market cap is $9.20 billion. The current share price indicates that stock is -2.87% away from its one year high and is moving 44.84% ahead of its 52-week low. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

Receive Shopify Inc. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify Inc. with MarketBeat.com's FREE daily email newsletter. Company fiscal year is ending in January and analysts' consensus recommendation is Hold for MIND and estimated EPS for next quarter is $ -0.31. The business had revenue of $151.70 million for the quarter, compared to analysts' expectations of $143.94 million. Shopify had a negative return on equity of 11.26% and a negative net margin of 9.01%. The business's quarterly revenue was up 75.2% compared to the same quarter a year ago.

They expect $-0.2 EPS, down 50% or $0.1 from last year's $-0.1 per share.

ILLEGAL ACTIVITY NOTICE: "Dubuque Bank & Trust Co".

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Nomura Asset Management Company Ltd increased Humana Inc (HUM) stake by 47.77% reported in 2016Q4 SEC filing. If you are viewing this story on another publication, it was copied illegally and reposted in violation of USA & global trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.baseball-news-blog.com/2017/08/01/shopify-inc-nyseshop-rating-increased-to-strong-buy-at-bidaskclub-updated-updated.html. Finally, BTIG Research restated a "buy" rating and issued a $75.00 price target (up from $65.00) on shares of Shopify in a research note on Tuesday, March 21st. Roth Capital maintained the shares of SHOP in report on Wednesday, May 4 with "Buy" rating. "(SHOP) Receives "Outperform" Rating from Robert W. Baird" was originally published by Sports Perspectives and is the property of of Sports Perspectives.

Shares of Shopify Inc. Shopify presently has an average rating of "Buy" and an average price target of $83.01. Shopify now has a consensus rating of "Buy" and an average price target of $83.01.

Merchants both big and small use Shopify's software to design, set up and manage their stores across the web, mobile devices, social media platforms and brick-and-mortar outlets.

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The Goldman Sachs Group Inc. Buys 117062 Shares of Shopify Inc. (SHOP)