Northside Capital Management LLC purchased a new stake in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) TSE: SHOP in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,842 shares of the software maker’s stock, valued at approximately $781,000.
- Shopify’s Quiet AI Strategy Could Be Its Biggest Advantage Yet
A number of other large investors have also recently made changes to their positions in SHOP. Brighton Jones LLC boosted its holdings in Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after acquiring an additional 584 shares in the last quarter. AQR Capital Management LLC raised its holdings in Shopify by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after purchasing an additional 7,544 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Shopify by 6.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after purchasing an additional 506 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of Shopify in the 2nd quarter worth about $53,000. Finally, Main Street Financial Solutions LLC lifted its position in shares of Shopify by 15.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after purchasing an additional 1,479 shares during the period. 69.27% of the stock is currently owned by institutional investors.
Shopify Price Performance
SHOP stock opened at $152.61 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. The firm has a 50 day moving average price of $120.48 and a 200-day moving average price of $119.73. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The firm has a market capitalization of $198.04 billion, a price-to-earnings ratio of 103.11, a PEG ratio of 3.29 and a beta of 2.58.
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