Shopify Inc - (TSE:SHOP) Price Target Increased by 6.76% to 92.04

The average one-year price target for Shopify Inc - (TSE:SHOP) has been revised to 92.04 / share. This is an increase of 6.76% from the prior estimate of 86.21 dated August 1, 2023.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 56.18 to a high of 113.96 / share. The average price target represents an increase of 13.33% from the latest reported closing price of 81.21 / share.

What is the Fund Sentiment?

There are 1613 funds or institutions reporting positions in Shopify Inc -. This is an increase of 114 owner(s) or 7.61% in the last quarter. Average portfolio weight of all funds dedicated to SHOP is 0.59%, a decrease of 0.74%. Total shares owned by institutions increased in the last three months by 0.48% to 933,578K shares.

What are Other Shareholders Doing?

CA:SHOP / Shopify Inc - Class A Shares Held by Institutions

Baillie Gifford holds 65,551K shares representing 5.11% ownership of the company. In it's prior filing, the firm reported owning 71,116K shares, representing a decrease of 8.49%. The firm increased its portfolio allocation in SHOP by 213.56% over the last quarter.

Capital Research Global Investors holds 47,186K shares representing 3.68% ownership of the company. In it's prior filing, the firm reported owning 61,260K shares, representing a decrease of 29.82%. The firm decreased its portfolio allocation in SHOP by 2.54% over the last quarter.

Price T Rowe Associates holds 33,547K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 28,791K shares, representing an increase of 14.18%. The firm increased its portfolio allocation in SHOP by 229.74% over the last quarter.

AEPGX - EUROPACIFIC GROWTH FUND holds 30,702K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 43,992K shares, representing a decrease of 43.29%. The firm decreased its portfolio allocation in SHOP by 5.18% over the last quarter.

Capital World Investors holds 28,223K shares representing 2.20% ownership of the company. In it's prior filing, the firm reported owning 29,575K shares, representing a decrease of 4.79%. The firm increased its portfolio allocation in SHOP by 19.66% over the last quarter.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.