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Pembroke Management LTD reduced its Shopify shares by nearly 27%, amid the company missing Q4 earnings estimates.
Pembroke Management LTD decreased its holdings of Shopify Inc. shares by 26.9%, while other institutional investors like Jennison Associates LLC and Swiss National Bank adjusted their stakes.
Shopify reported Q4 earnings per share of $0.34, missing estimates by $0.10.
The stock currently has a market cap of $165.85 billion and an average price target of $126.21, with a mix of buy and hold ratings from analysts.
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Pembroke Management LTD redujo sus acciones de Shopify en casi un 27%, en medio de las estimaciones de ganancias del Q4 de la empresa.