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Are you looking to buy Shopify stocks? Chech our BAMagazine with an in-depth review, check prices, statistics and see if buying this stock is interesting right now. This article will help you buy NYSE:SHOP! and analyze the company to see if this stock might be an interesting option to invest in. We will enlighten you about Shopify stocks and how to buy and use them. Click on the button to start reading the review right now or scroll down for real time statistics about this company.
Shopify Inc., a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.
Average volume
1.11 million shs
MARKET CAP
$160.68 billion
Stock exchange
NYSE
Buy this stock!
- Stephen Johnson
- October 26, 2021
- No Comments
How to buy Shopify stocks?
Below is a quick guide on how to buy NYSE:SHOP stocks safe, fast and around the world in less than five minutes.
Step 1: Open an account with eToro – eToro is the best broker to buy Shopify shares in the world as you won’t pay any commissions. To do this, visit the eToro website and open an account, it is 100% safe and they offer a huge amount of stocks.
Step 2: Upload your ID – As per KYC regulations eToro will ask you to upload a copy of your passport or driver’s license.
Step 3: Deposit Funds – Deposit some money into your newly created eToro account. You can choose between wire transfer, e-wallet or debit/credit card or Paypal.
Step 4: Buy Shopify – Search for “”NYSE:SHOP”” and click on the “”Trade”” button. Enter the total amount of your investment (minimum $50) and confirm the order by clicking the “”Open Trade”” button. And that’s it: you have just bought Shopify stocks with 0% commission!.
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Is Shopify a buy right now?
31 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Shopify in the last twelve months. There are currently 2 sell ratings, 16 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “hold” Shopify stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOP, but not buy additional shares or sell existing shares.
What stocks does BAMagazine like better than Shopify?
Wall Street analysts have given Shopify a “Hold” rating, but there may be better short-term opportunities in the market. Some of BAMagazine’s past winning trading ideas have resulted in 5-15% weekly gains. BAMagazine just released five new trading ideas, but Shopify wasn’t one of them. BAMagazine thinks five stocks may be even better buys in the how to buy stocks guide.
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How to buy Shopify stocks step by step guide
It can be difficult to navigate through all the outdated and incorrect information related to purchasing NYSE:SHOP stocks. We believe that stocks should be accessible for all, which is why we’ve created this handy guide on where to buy Shopify stocks with a step by step approach.
Step 1: Open an Account with a Broker
You’ll need to register with a broker, in these times you can’t go without once and it’s crucial to use a regulated broker that’s allowed to operate there, otherwise, you risk losing funds. eToro is one such broker, and one of the best brokers to buy Shopify stocks with 0% comission, to sign up just click on open account in the following table or compare other options.
Step 2: Verify your Account
Because eToro is a regulated platform, you’ll need to complete the KYC process, this is standard practice and only takes a couple of minutes. You’ll need to provide a photo ID (passport, driving licence) and proof of address (utility bill, bank statement).
Step 3: Fund your eToro Account
Once you’ve signed up and verified your account, you’ll need to deposit funds. eToro accepts credit/debit cards, bank transfers, and also e-wallets. So whatever your preference there will be something for you.
Step 4: Search for Shopify stocks
Now that you’ve funded your eToro account, just type “NYSE:SHOP stocks” into the search bar at the top of the screen and press “trade”.
Step 5: Buy NYSE:SHOP
All that’s left is to buy some NYSE:SHOP stock. Simply enter the amount you want to purchase and hit the “buy” button. The amount you bought will be automatically credited to your account where you can monitor its performance.
How And Where To Buy Stocks Conclusion
All in all, NYSE:SHOP is an incredibly interesting company that has the potential to solve some major issues in the business space. After reading this guide you should know how to buy this investment using the best broker or platform. We recommend eToro to anyone looking for a regulated, easy-to-use, fully-featured broker to buy Shopify stocks. As with any broker or online platform, it’s crucial you set up 2FA when using their tools as it ensures your funds are completely safe.
When is Shopify’s next earnings date?
Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Shopify.
How can I listen to Shopify’s earnings call?
Shopify will be holding an earnings conference call on Wednesday, February 17th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
How were Shopify’s earnings last quarter?
Shopify Inc. (NYSE:SHOP) announced its quarterly earnings results on Thursday, October, 29th. The software maker reported $1.13 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $1.21. The software maker earned $767.40 million during the quarter, compared to analyst estimates of $652.60 million. Shopify had a net margin of 7.99% and a trailing twelve-month return on equity of 2.35%. Shopify’s quarterly revenue was up 96.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.29) EPS.
View Shopify’s earnings history.
How has Shopify’s stock price been impacted by COVID-19 (Coronavirus)?
Shopify’s stock was trading at $422.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SHOP shares have increased by 209.1% and is now trading at $1,305.43.
Where to Buy Shopify Stocks Broker Reviews
Launched in 2006, eToro is, in our opinion, without a doubt the best broker for buying NYSE:SHOP stocks in the world. The onboarding process is simple, it’s designed to make sure even those new to the stock market are ready to start investing the shortest amount of time possible. As a regulated platform you gain several benefits, most importantly, you know they’re not going to run off with your hard-earned money./
- eToro takes pride in keeping their customers safe, they follow strict data protection rules to keep access to sensitive information to a minimum. Any of the information you provide eToro is even protected by SSL encryption, this ensures that even if someone were to gain access to the servers all your data remains safe.
Over 95% of client funds are kept offline, in cold storage, which is crucial for any broker that manages your assets. Regardless of how secure a platform is meant to be, we recommend using 2FA to add an additional layer of security to your account.
Excellent for both new and experienced traders
eToro offers users a range of features to start investing as quickly as possible. They have a relatively unique feature called copy trading, which lets you earn a passive income by mirroring experienced traders, this allows you to start earning profit quickly, and gives you a better understanding of the strategies used by professionals. Additionally, eToro allows users to invest in managed portfolios, a managed portfolio being a variety of similar assets grouped together, allowing you to diversify your account, reducing any potential risk. For those with previous trading experience, you can invest in markets outside of stocks, as eToro allows users to trade ETFs, commodities, crypto and indices. If you already invest outside of the stock market space this can be very useful, as it allows you to manage all your investments in just one place.
What price target have analysts set for SHOP?
31 brokerages have issued twelve-month target prices for Shopify’s shares. Their forecasts range from $400.00 to $1,400.00. On average, they anticipate Shopify’s stock price to reach $1,057.72 in the next year. This suggests that the stock has a possible downside of 19.0%.
View analysts’ price targets for Shopify or view top-rated stocks among Wall Street analysts.
Are investors shorting Shopify?
Shopify saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,040,000 shares, a decrease of 28.8% from the December 15th total of 1,460,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the short-interest ratio is currently 0.7 days.
View Shopify’s Short Interest.
Compliance
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Who are Shopify’s key executives?
Shopify’s management team includes the following people:
Mr. Tobias Lütke, Founder, Chairman & CEO (Age 40, Pay $615.92k)
Ms. Amy E. Shapero, Chief Financial Officer (Age 58, Pay $538.93k)
Mr. Harley Michael Finkelstein, Chief Operating Officer (Age 38, Pay $423.44k)
Mr. Craig Stuart Miller, Chief Product Officer (Age 38, Pay $423.44k)
Ms. Brittany Forsyth, Chief Talent Officer (Age 34, Pay $307.96k)
Mr. Jean-Michel Lemieux, Chief Technology Officer (Age 48)
Katie Keita, Sr. Director of Investor Relations
Mr. Joseph A. Frasca, Sr. VP, Chief Legal Officer & Sec. (Age 47)
Darrell Etherington, PR Mang.
Mr. Jeffrey Weiser, Chief Marketing Officer (Age 44)
What is Tobias Lütke’s approval rating as Shopify’s CEO?
468 employees have rated Shopify CEO Tobias Lütke on Glassdoor.com. Tobias Lütke has an approval rating of 93% among Shopify’s employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Who are some of Shopify’s key competitors?
Some companies that are related to Shopify include Adobe (ADBE), salesforce.com (CRM), Oracle (ORCL), SAP (SAP), ServiceNow (NOW), Square (SQ), Intuit (INTU), Snowflake (SNOW), Activision Blizzard (ATVI), Autodesk (ADSK), VMware (VMW), Twilio (TWLO), Palantir Technologies (PLTR), Dassault Systèmes (DASTY) and CrowdStrike (CRWD).
View all of SHOP’s competitors.
What other stocks do shareholders of Shopify own?
Based on aggregate information from BAMagazine watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Square (SQ), The Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), The Walt Disney (DIS) and Advanced Micro Devices (AMD).
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When did Shopify IPO?
(SHOP) raised $100 million in an IPO on Thursday, May 21st 2015. The company issued 7,700,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley, Credit Suisse and RBC Capital Markets acted as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.
What is Shopify’s stock symbol?
Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol “SHOP.”
Who are Shopify’s major shareholders?
Shopify’s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (3.52%), Discovery Value Fund (0.70%), Sumitomo Mitsui Trust Holdings Inc. (0.49%), BlackRock Inc. (0.39%), Swiss National Bank (0.36%) and CIBC Asset Management Inc (0.30%).
Which institutional investors are selling Shopify stock?
SHOP stock was sold by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, State of Wisconsin Investment Board, Swiss National Bank, Intact Investment Management Inc., Barton Investment Management, AMF Pensionsforsakring AB, Avantax Advisory Services Inc., and Huntington National Bank.
Which institutional investors are buying Shopify stock?
SHOP stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Sumitomo Mitsui Trust Holdings Inc., Steadview Capital Management LLC, BlackRock Inc., Himension Fund, CIBC Asset Management Inc, Discovery Value Fund, and Artemis Investment Management LLP.
How do I buy shares of Shopify?
Shares of SHOP can be purchased through any online brokerage account. Popular online brokerages with access to the stock market include Interactive Brokers Review, eToro Review, DEGiro Review, AvaTrade Review, IG Markets Review, IC Markets Review, CMC Markets Review, Admiral Markets Review and many more. Read one of the reviews to find out everything about the broker and start buying stocks now.
More information
At BAMagazine.com we want to make sure that you have all the most relevant information about buying stocks. We bring you the best guides about the stock market with personal reviews, background information, platform reviews, how to’s and more. Want to get other information? Then check out the OTC stocks, NASDAQ stocks, NYSE stocks, LON stocks, FRA stocks, ETR stocks, EPA stocks, TSX stocks or Amex stocks. Looking for more detailed info like 5g stocks, biotech stocks, gold stocks and other information out of our reportlab.
Frequently asked questions
How to buy Shopify stocks?
The safest and easiest way to buy NYSE:SHOP stocks is by using a regulated broker like eToro or DEGiro. You can open an account with the platform, make a deposit and buy this stock in under 5 minutes from start to finish.
Opening an account with one of these brokers is a smart move, they have been active for more then 10 years, are very safe to use and they have the best platform for novice and experienced traders. If you want to learn more then we suggest you to read our eToro or DeGiro guides.
Where to buy Shopify stock?
You will first want to find a licensed broker that supports Shopify stock. One of our favourite brokers, eToro for example, allows you to make investments into this asset from just $25 and only charges you the spread. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading NYSE:SHOP stocks in a safe and complete environment.
Is NYSE:SHOP stock a good investment?
As with any other asset, there is an element of risk associated with buying NYSE:SHOP stocks. Therefore, you will want to study the market and make a decision based on your financial standing and the risk you are willing to take.
Is Shopify stock safe to invest in?
All stocks are volatile, or affected by market circumstances. The case with NYSE:SHOP is no different, with its price fluctuating dramatically within short periods. As such, if the market goes against you, then you will end up facing a loss. We advice you to do research first before investing in Shopify stock.
How do you trade Shopify stocks?
You can trade stocks by first opening an account with a regulated platform and making a deposit in US dollars, EUROs or other currency. Next, search for Shopify stock and choose from a buy or sell order – depending on whether you think the stock asset will rise or fall in value. If you speculated on NYSE:SHOP stocks correctly, you will have made a profit. The size of your trading profit will ultimately be determined by your stake and at what percentage your position grew.
How to sell Shopify stock?
To sell your NYSE:SHOP stocks investment, you can sign in to your broker account and cash out directly from within your portfolio. If you have stored the stocks elsewhere, you will first have to transfer them to a third-party provider or broker to cash out.
What is the best Shopify stock trading platform?
eToro, is a top-rated platform for beginners, albeit, it charges significantly lower fees. For example, there are no fees to deposit with a debit/credit card and you only need to cover the spread when trading NYSE:SHOP stock.
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Stephen Johnson
Stephen knows a lot about financial products and in particular has a great passion for the stock markets and its participants. We hope that the information provided will help you. Something not quite clear? Please leave your questions or comments at the bottom of the page.
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