Coldstream Capital Management Inc. has trimmed its position in Shopify Inc. As per its latest Form 13F filing with the Securities & Exchange Commission, the company has decreased its stake by 52.5 percent in the first quarter. The company now owns 316 shares after selling 349. Coldstream Capital Management Inc.’s holdings in the software maker were valued at $214,000 at the end of the most recent quarter.
A number of other institutional investors also altered their positions in Shopify’s stock. Bank of New York Mellon Corp decreased its stake in Shopify Inc. by 5.4 percent during the first quarter. As per the company’s recent 13F filing with the Securities & Exchange Commission, the institutional investor now owns 174,239 shares after selling 9,974 shares. According to a report published by The AM Reporter, it owned 0.14% of Shopify valued at approximately $117,779,000 at the end of the last recent quarter.
Investors Raising Stake
Montag A & Associates Inc. increased its holdings by 0.8 percent during the fourth quarter. After purchasing 13 shares, it now owns 1,660 shares of Shopify’s stock valued at $2,286,000. Acquiring a new position in Shopify, Farmers Trust Co. purchased an additional 15 shares during the last quarter. The company now has 735 shares valued at $497,000.
GM Advisory Group Inc. purchased 18 additional shares and thus increased its holdings by 1.9 percent in Shopify during the fourth quarter. It has now a total of 949 shares worth $1,307,000. Similarly, Camden Capital LLC also increased its position by 0.7 percent in Shopify during the fourth quarter. The company now owns 2,560 shares of Shopify’s stock worth approximately $3,526,000.
Finally, acquiring a new position during the fourth quarter, Western Pacific Wealth Management LP now owns Shopify shares valued at approximately $26,000. As much as 62.60 percent of Shopify’s stock is owned by institutional investors.
Quarterly Earnings Results
Shopify’s last quarterly earnings results were issued on Wednesday, July 27th. The e-commerce giant reported ($0.14) earnings per share (EPS) for the quarter. The company also reported a negative net margin of 38.01 percent along with a negative return on equity of 1.61 percent. Shopify had revenue of $1.30 billion during the quarter as compared to the estimates of $1.33 billion. Currently, Shopify has an average rating of “Hold” along with an average price target of $72.49, as per data from MarketBeat.com.
