<div id="readability-page-1"><p>Bienville Capital Management LLC purchased a new position in  Shopify Inc. (NASDAQ:SHOP - Free Report) <span>TSE: SHOP<span></span></span> in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,000 shares of the software maker's stock, valued at approximately $923,000.</p><ul><li>Shopify Pullback Sets Stage for 20% Rally to $200 Target</li></ul><p>A number of other hedge funds and other institutional investors also recently made changes to their positions in SHOP. Brighton Jones LLC grew its stake in  Shopify by 2.8% during 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.  Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in  Shopify by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,350 shares of the software maker's stock worth $224,000 after acquiring an additional 236 shares during the last quarter.  Kovitz Investment Group Partners LLC raised its holdings in shares of  Shopify by 50.5% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,254 shares of the software maker's stock valued at $502,000 after acquiring an additional 1,764 shares in the last quarter.  Azimuth Capital Investment Management LLC boosted its position in shares of  Shopify by 11.0% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 3,090 shares of the software maker's stock valued at $295,000 after acquiring an additional 305 shares during the last quarter.  Finally, Tacita Capital Inc grew its holdings in shares of  Shopify by 26.0% during the first quarter. Tacita Capital Inc now owns 5,478 shares of the software maker's stock worth $521,000 after purchasing an additional 1,130 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities research analysts recently weighed in on SHOP shares. Oppenheimer  reaffirmed an &#34;outperform&#34; rating on shares of Shopify in a research note on Monday, December 1st. Scotiabank increased their price target on shares of Shopify from $150.00 to $165.00 and gave the stock a &#34;sector perform&#34; rating in a report on Wednesday, November 5th. JPMorgan Chase &amp; Co. lifted their price objective on shares of Shopify from $179.00 to $180.00 and gave the stock an &#34;overweight&#34; rating in a report on Wednesday, November 5th. TD Cowen  reiterated a &#34;hold&#34; rating and issued a $156.00 target price on shares of Shopify in a research report on Friday, October 3rd. Finally, TD Securities raised Shopify to a &#34;hold&#34; rating in a research note on Thursday, December 4th. Twenty-two equities research analysts have rated the stock with a Buy rating and twenty-three have issued  a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of &#34;Hold&#34; and an average price target of $166.53.</p><ul><li>Coming in Hot: Retail Data Drives Momentum in 3 E-Commerce Stocks</li></ul><p><b>Get Our Latest Analysis on SHOP</b></p><h2>Shopify Trading Down 0.3%</h2><p>SHOP opened at $164.19 on Friday. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19. The business's 50-day moving average price is $159.60 and its 200-day moving average price is $139.56. The company has a market cap of $213.75 billion, a P/E ratio of 121.62, a P/E/G ratio of 6.12 and a beta of 2.82. </p><ul><li>High-Flyers Near Resistance: 3 Stocks to Watch for a Dip</li></ul><p>Shopify (NASDAQ:SHOP - Get Free Report) <span>TSE: SHOP<span></span></span> last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. Shopify had a net margin of 16.65% and a return on equity of 11.72%.  Equities research analysts forecast that  Shopify Inc. will post 1.12 earnings per share for the current fiscal year. </p><h2>About Shopify</h2> (Free Report)<p>Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Shopify</li><li>Are Penny Stocks a Good Fit for Your Portfolio?</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>How to invest in marijuana stocks in 7 steps </li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hPUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hPUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Shopify Right Now?</h2><p>Before you consider Shopify, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.</p><p>While Shopify currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHOP

<p>Bienville Capital Management LLC has invested in Shopify Inc., purchasing 8,000 shares valued at $923,000. Analysts have mixed ratings on Shopify, with an average price target of $166.53. Shopify's stock opened at $164.19, with a 12-month range of $69.84 to $182.19. The company reported $0.27 EPS for the quarter, beating estimates, and has a market cap of $213.75 billion.</p>

Bienville Capital Management LLC Makes New Investment in Shopify Inc. $SHOP