1,515 institutions hold shares in Shopify Inc. (SHOP), with 392.34k shares held by insiders accounting for 0.32% while institutional investors hold 67.19% of the company’s shares. The shares outstanding are 122.20M, and float is at 110.79M with Short Float at 1.61%. Institutions hold 66.97% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 6.06 million shares valued at $6.86 billion. The investor’s holdings represent 5.38% of the SHOP Shares outstanding. As of Dec 30, 2020, the second largest holder is Baillie Gifford and Company with 5.72 million shares valued at $6.48 billion to account for 5.09% of the shares outstanding. The other top investors are Capital World Investors which holds 5.7 million shares representing 5.07% and valued at over $6.45 billion, while Morgan Stanley holds 4.32% of the shares totaling 4.86 million with a market value of $5.5 billion.
Shopify Inc. (NYSE: SHOP) is 6.19% higher on its value in year-to-date trading and has touched a low of $417.81 and a high of $1499.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SHOP stock was last observed hovering at around $1227.30 in the last trading session, with the day’s loss setting it -25.3% off its average median price target of $1500.00 for the next 12 months. It is also 36.74% off the consensus price target high of $1900.00 offered by 38 analysts, but current levels are -45.7% lower than the price target low of $825.00 for the same period.
Currently trading at $1202.00, the stock is 6.06% and -1.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -2.06% at the moment leaves the stock 11.21% off its SMA200. SHOP registered 187.74% gain for a year compared to 6-month gain of 12.42%. The firm has a 50-day simple moving average (SMA 50) of $1,168.49 and a 200-day simple moving average (SMA200) of $1,125.38.
The stock witnessed a 5.23% loss in the last 1 month and extending the period to 3 months gives it a 1.10%, and is 4.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.32% over the week and 4.54% over the month.
Shopify Inc. (SHOP) has around 7000 employees, a market worth around $148.16B and $2.93B in sales. Current P/E ratio is 470.27 and Fwd P/E is 242.88. Profit margin for the company is 10.90%. Distance from 52-week low is 187.69% and -19.85% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
Shopify Inc. (SHOP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Shopify Inc. (SHOP) is a “Overweight”. 38 analysts offering their recommendations for the stock have an average rating of 2.40, where 18 rate it as a Hold and 2 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Shopify Inc. is expected to release its quarterly report on 08/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.71 with sales reaching $856.47M over the same period.The EPS is expected to grow by 334.30% this year, but quarterly earnings will post 39.40% year-over-year. Quarterly sales are estimated to grow 82.20% in year-over-year returns.
Shopify Inc. (SHOP): Who are the competitors?
The company’s main competitors (and peers) include MercadoLibre Inc. (MELI) that is trading 198.84% up over the past 12 months. PC Connection Inc. (CNXN) is 5.85% up on the 1-year trading charts. Short interest in the company’s stock has fallen -42.4% from the last report on Mar 14, 2021 to stand at a total of 1.78 million short shares sold with a short interest ratio of 0.96.