<div id="readability-page-1"><p>PKO Investment Management Joint Stock Co acquired a new stake in  Shopify Inc. (NASDAQ:SHOP - Free Report) <span>TSE: SHOP<span></span></span> during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,000 shares of the software maker's stock, valued at approximately $5,351,000.</p><ul><li>Shopify Pullback Sets Stage for 20% Rally to $200 Target</li></ul><p>Other hedge funds also recently made changes to their positions in the company. Accurate Wealth Management LLC raised its holdings in  Shopify by 2.0% during the third quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker's stock worth $526,000 after purchasing an additional 67 shares in the last quarter.  Rothschild Investment LLC increased its position in  Shopify by 47.5% during the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker's stock worth $27,000 after purchasing an additional 75 shares during the period.  Sivia Capital Partners LLC increased its position in  Shopify by 0.9% during the 3rd quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker's stock worth $1,228,000 after purchasing an additional 75 shares during the period.  Smartleaf Asset Management LLC raised its stake in shares of  Shopify by 13.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker's stock worth $72,000 after buying an additional 77 shares in the last quarter.  Finally, Barnes Dennig Private Wealth Management LLC lifted its holdings in shares of  Shopify by 6.5% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 1,315 shares of the software maker's stock valued at $195,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own  69.27% of the company's stock. </p><h2>Shopify Trading Up 2.1%</h2><p>Shares of SHOP opened at $167.93 on Tuesday. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19. The stock has a market cap of $218.62 billion, a P/E ratio of 124.39, a PEG ratio of 4.89 and a beta of 2.83. The company has a 50-day moving average of $159.92 and a two-hundred day moving average of $148.52. </p><ul><li>Coming in Hot: Retail Data Drives Momentum in 3 E-Commerce Stocks</li></ul><p>Shopify (NASDAQ:SHOP - Get Free Report) <span>TSE: SHOP<span></span></span> last issued its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.75 billion.  As a group, analysts forecast that  Shopify Inc. will post 1.12 EPS for the current fiscal year. </p><h2>Wall Street Analyst Weigh In</h2><p>SHOP has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Shopify from $185.00 to $190.00 and gave the stock a &#34;buy&#34; rating in a report on Wednesday, December 17th. Barclays  set a $140.00 price target on shares of Shopify and gave the company an &#34;equal weight&#34; rating in a report on Wednesday, November 5th. TD Securities upgraded shares of Shopify to a &#34;hold&#34; rating in a research note on Thursday, December 4th. Wells Fargo &amp; Company  restated an &#34;overweight&#34; rating and set a $198.00 target price (up from $125.00) on shares of Shopify in a research report on Wednesday, December 17th. Finally, Stifel Nicolaus  set a $175.00 target price on shares of Shopify in a report on Tuesday, November 4th. Twenty-four investment analysts have rated the stock with a Buy rating and twenty-one have assigned  a Hold rating to the company's stock. Based on data from MarketBeat.com, Shopify presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $171.61.</p><ul><li>High-Flyers Near Resistance: 3 Stocks to Watch for a Dip</li></ul><p><b>Check Out Our Latest Research Report on Shopify</b></p><h2>About Shopify</h2> (Free Report)<p>Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.  </p><p>Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Shopify</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Ticker Revealed: Pre-IPO Access to &#34;Next Elon Musk&#34; Company</li><li>This stock gets a 94 out of 100</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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHOP

<p>PKO Investment Management Joint Stock Co has acquired a new stake in Shopify Inc. during Q3, purchasing 36,000 shares valued at approximately $5.35 million. Other hedge funds have also adjusted their positions in Shopify. The stock opened at $167.93, with a market cap of $218.62 billion. Shopify reported earnings of $0.27 per share, exceeding estimates, and had revenue of $2.84 billion. Analysts have a consensus rating of "Moderate Buy" for Shopify, with an average price target of $171.61.</p>

PKO Investment Management Joint Stock Co Acquires New Stake in Shopify Inc. $SHOP