752.00 -6.00 (-0.79%)
After hours: 7:49PM EDT
|Bid||752.50 x 900|
|Ask||753.98 x 1100|
|Day's Range||739.52 - 759.25|
|52 Week Range||262.17 - 844.00|
|Beta (5Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||512.55|
In this article we will take a look at whether hedge funds think Shopify Inc (NYSE:SHOP) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
Even though the market has rebounded from the lows it hit earlier this year, there are still great long-term opportunities for investors who know where to look.
High-tech companies continue to forge ahead with initial public offerings that give their chief executives company shares with super-voting power, despite criticism of the practice.
Kevin O’Leary and Connor O’Brien of O’Shares ETFs discuss the post-coronavirus e-commerce boom and how Shopify and Amazon stock are big beneficiaries.
This trio of companies is helping millions build thriving businesses, even during the worst of times.
Aside from our house, all the money my wife and I have saved over the last 30-plus years is invested in stocks. At 53 years young, we hold a concentrated investment portfolio that will fund our eventual retirement.
Teladoc and these two e-commerce leaders are well-positioned to turn in serious returns during the years to come.
Shopify Inc. (NYSE:SHOP)(TSX:SHOP) ("Shopify" or the "Company"), a leading global commerce company, today announced the results from its Annual Meeting of Shareholders (the "Meeting") which took place today. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors as further described in the Company’s management information circular dated April 16, 2020 (the "Circular"). Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Circular.
Shopify, Zoom Video, ServiceNow and other software growth stocks fell on Wednesday as the coronavirus lockdown eased and investors took profits on work-from-home and e-commerce plays.
(Bloomberg) -- The head of Canada Pension Plan Investment Board says office towers won’t stay out of favor forever.Many banks are planning only a partial return to offices in the wake of the coronavirus pandemic and tech companies like Twitter Inc. and Shopify Inc. may never return fully return. But the fund’s chief executive officer, Mark Machin, said the future is still good for prime office towers.“There’s probably going to be still robust demand for great office space in central locations,” Machin said in an interview with Bloomberg TV Tuesday. “Once there is decent immunity across the population or some lowering of the mobility of the disease, you’ll get people wanting to be with each other. This is human nature and the office is a part of that.”Companies will probably even need more space for physical distancing, though he said the longer the pandemic goes on, the more efficient and attractive working from home will become. Elevators for the tall buildings will also pose a challenge when the economies reopen.CPPIB has long invested heavily in hard assets such as office towers. Machin said other real estate such as data centers and warehouses have been buoyed by the e-commerce trend in the pandemic and will probably continue to thrive. Shopping malls will have a more challenging time.Stocks Sap ReturnsThe pension fund returned 3.1% for the fiscal year, its worst showing since the financial crisis, as the selloff in equity markets in February and March dragged down results.Net assets were C$409.6 billion ($295 billion) as of March 31, the fund’s fiscal year-end. That represented growth of C$17.6 billion, consisting of of C$12.1 billion in net income from investments and C$5.5 billion in new contributions, CPPIB said in a statement Tuesday.The numbers mean Canada’s largest pension find suffered about C$15.8 billion in investment losses in the first three months of 2020. The fund had reported C$27.9 billion in investment gains for the nine months ended Dec. 31.“Despite severe downward pressure in our final quarter, the fund’s 12.6% return on a 2019 calendar-year basis, combined with the relative resilience of our diversified portfolio, helped cushion the impact,” Machin said in the statement.‘Experience Economy’The fund’s 3.1% investment gain outperformed its benchmark portfolio’s 3.1% loss, which equates to a value-added return of C$23.4 billion for the year, after deducting all costs, the fund said. Ten-year and five-year annualized net nominal returns were 9.9% and 7.7%, respectively, which “should give Canadians comfort that, even with periodic shocks, their pensions ultimately draw from decades of steady performance,” Machin said.According to Machin, assets related to travel or experience within a small space will likely be impacted for quite a while.“The experience-economy trend is going to be hard, that’s on hold,” he said in the interview. “But then there are a lot of other trends, such as e-commerce, delivery, telemedicine, fintech, these areas have seen an enormous uptick of adoption, online education as well.”While tensions between China and the rest of the world have increased, Machin still sees value in investing in Asia.“The reason we invest in Asia, and any of the big, liquid emerging markets really, is that it is a huge market that we can diversify into that is relatively uncorrelated with the rest of the world. And alpha outperforms the inefficiencies in those markets,” he said.Machin said the current environment will probably be a big test for private credit.“Some of the players who were a little late to the game, and those who were more aggressive to build market share will likely face some pressure,” he said. “We’re going to see more stress on the credit space, depending on how long this goes on.”Losses in ResourcesCPPIB is designed to serve contributors and beneficiaries for decades, so long-term results are a more appropriate measure of performance than quarterly or annual cycles, the fund said.“The Covid-19 pandemic poses a massive challenge for health, societies and economies globally. Amid the significant number of concerns many Canadians have today, the sustainability of the fund is one thing they shouldn’t worry about,” Machin said.The fund’s holdings of Canadian public equities lost 12.2% for the year and emerging markets stocks dropped 9.1%, while foreign stocks generated a return of 1.6%.All credit investments returned 0.5% and real estate returned 5.1%, while infrastructure dropped 1%. Canadian private equity investments lost 5.1%, while foreign PE returned 6%. Energy and resources had the single biggest loss, posting a negative return of 23.4%.(Updates to add comments from interview with CEO)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shopify's (NYSE: SHOP) platform allows its merchants to accept payments in bitcoin, Litecoin, Ethereum, and over 300 other types of cryptocurrencies. It recently expanded that reach by partnering with cryptocurrency payments processor CoinPayments, which helps merchants process 1,800 types of cryptocurrencies. Shopify claims the partnership will "make cryptocurrency transactions easier and more accessible while reducing transaction fees."
As COVID-19 continues to transform our economic reality, two megatrends are converging to create a once in a lifetime investment opportunity
"It is like Black Friday. Every day." I was talking to a good friend. He’d just landed a new job and couldn’t believe what their team had pulled off during the lockdown. You see, while the world ground to a halt, his company quietly sold $470 million worth of products — 47% up compared to […]
(Bloomberg Opinion) -- The work-from-home movement is gaining steam in Silicon Valley as a flurry of companies – big and small – are embracing remote-working policies beyond the pandemic. But even as some executives extol its virtues, other tech leaders aren’t so sure, opening a growing divide inside the industry over the future of work. It’s a worthy debate.On Thursday, Facebook Inc. CEO Mark Zuckerberg announced his company will start allowing some existing employees to work from home permanently. He said Facebook will also “aggressively open up remote hiring” for engineering talent in areas it doesn’t have an office, saying as much as 50% of the company’s employees could eventually work remotely within 10 years. In similar fashion, Shopify Inc. CEO Tobi Lutke said his e-commerce software company will allow its employees to work from home indefinitely, adding he expects that most of his staff will work remotely going forward. The days of “office centricity is over,” the executive posted on social media. The two companies join Twitter Inc., which said last week it will let employees work from home as standard practice as well.Not everyone in technology is on board. Take-Two Interactive Software Inc. CEO Strauss Zelnick said on an investor call this week that he believes sustained strong productivity will get more difficult the longer people are forced to work from home, adding that “there is no substitute for in-person collaboration and connection.” That follows comments from Microsoft Corp. CEO Satya Nadella, who expressed concern in an interview with the New York Times last week that early positive remote-work productivity metrics may mask underlying deficiencies, in terms of managing and mentoring employees. He also raised worries about potential burnout and mental-health issues. “Maybe we are burning some of the social capital we built up in this phase where we are all working remote. What’s the measure for that?,” he asked.There’s something to be said for this pushback. Sure, there are many pluses to offering off-site work flexibility – including better employee retention and the ability to hire from a more diverse talent base in other geographies – but corporations should realize the work-from-home trend isn’t a panacea. In fact, there are significant drawbacks and challenges that shouldn’t be overlooked. As Zelnick pointed out, there are unquantifiable benefits derived from being in the same physical location. Scheduled videoconferencing meetings don’t engender the same spontaneous creativity compared to the many back-and-forth brief conversations during a typical day at an office. And nothing beats face-to-face interactions for building the relationships and trust required to persuade your colleagues on big decisions.It’s notable that even as Facebook projects confidence and forward-looking thought leadership in its charge toward its new work-from-home culture, it is implementing the change slowly. Zuckerberg said only the company’s senior engineers with strong performance reviews will be initially allowed to apply for remote-work flexibility, adding it will be a measured transition before extending the policy to non-engineers.To be frank, it wouldn’t surprise me to see many of these companies slow down their transitions to remote working. After all, the world is only a few months into this massive remote-work experiment. The initial productivity benefits may dissipate and significant negative consequences may well appear over time. Best not to rush into any drastic decisions.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Work may never be the same for many people across industries, even after the COVID-19 pandemic abates. Some experts believe that the coronavirus outbreak will cement remote work as a viable model for many companies that can feasibly pull it off.
SaaS companies Shopify (NYSE: SHOP) and Slack Technologies (NYSE: WORK) have both attracted a huge customer following and are investing heavily to grow, but the software offerings couldn't be more different. Shopify makes it easy to run e-commerce stores, and Slack is a messaging platform that is out to make email obsolete. Shopify's stock has been on a tear since its IPO and has likely made many shareholders millionaires.
Investors who owned stocks in the past five years generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over that stretch is 53.8%. On this day five years ago, Shopify Inc (NYSE: SHOP) held its IPO, and IPO investors have made a killing ever since.Shopify's Big DebutE-commerce solutions giant Shopify was founded in 2004 and made the move to go public 11 years later. It priced its IPO at $17 per share on May 21, 2015. Shopify had initially targeted the $12 to $14 range, but robust demand pushed the price up to $17 and allowed Shopify to raise $131 million by selling 7.7 million shares. At the time of its IPO, the company was valued at $1.27 billion.After selling IPO shares at $17, Shopify shares hit the ground running, soaring up to $42.13 during the frenzy surrounding its IPO. However, the stock soon ran out of steam due in part to concerns over the stock's IPO lockup expiration.Shopify shares dropped to their all-time low of $18.48 in early 2016 before beginning a multi-year ramp on the strength of impressive growth and bullish headlines.Amazon EffectOne of the biggest headlines came in January 2017 when Shopify announced a new integration with Amazon.com, Inc. (NASDAQ: AMZN) that would allow merchants to sell on Amazon's platform via their Shopify stores. Shopify shares initially jumped nearly 10% following the news.Shopify stock hit $100 in 2017, $200 in early 2019, $500 in early 2020 and was one of the few stocks that hasn't been derailed by the COVID-19 outbreak. In fact, Shopify hit its all-time high of $778 on Thursday, the five-year anniversary of its IPO.2020 And BeyondFive years later, Shopify IPO investors that have held onto their stakes undoubtedly see the stock as one of the best investments of their lives.In fact, $1,000 worth of Shopify IPO stock in 2015 would only be worth about $45,764 today.Looking ahead, analysts expect Shopify to finally cool down a bit in 2020. The average price target among the 27 analysts covering the stock is $725 suggesting 6.4% downside from current levels.Related Links:Here's How Much Investing ,000 In The 2014 Alibaba IPO Would Be Worth TodayHere's How Much Investing ,000 In The 2015 Fitbit IPO Would Be Worth TodaySee more from Benzinga * How Large Boeing, Delta Options Traders Are Positioning As Economy Reopens * Bill Ackman Makes Pitch To Elon Musk For New HQ, Channels Howard Hughes * Wall Street Weighs In On Target's Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shopify stock rose to a new all-time high as analysts reacted favorably to its virtual Reunite conference, where the e-commerce firm announced a new banklike service for merchants.
Stocks were lower Thursday, giving back some gains that on Wednesday sent the S&P 500 to its highest level since early March. Investors eyed a number of mixed corporate earnings results and economic data releases, along with states’ ongoing reopening processes.