Reported 1 day ago
Corient IA LLC has expanded its investment in Shopify Inc. (NASDAQ:SHOP) by acquiring an additional 9,000 shares, bringing its total to 0.6% of the firm’s portfolio. Despite Shopify’s robust revenue growth, high valuation concerns keep some investors cautious. The company's continued success relies heavily on its Merchant Solutions segment, which generates over 70% of its revenue, while also considering potential acquisitions and cash flow improvements.
Source: YAHOO