Atlantic Union Bankshares Corp Purchases New Stake in Shopify Inc. $SHOP

Atlantic Union Bankshares Corp acquired a new position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,576 shares of the software maker’s stock, valued at approximately $528,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Shopify by 2.8% during the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after buying an additional 584 shares during the last quarter. Greenleaf Trust boosted its stake in Shopify by 5.3% in the first quarter. Greenleaf Trust now owns 4,146 shares of the software maker’s stock valued at $396,000 after acquiring an additional 208 shares during the period. Rehmann Capital Advisory Group grew its holdings in shares of Shopify by 33.5% during the first quarter. Rehmann Capital Advisory Group now owns 3,111 shares of the software maker’s stock valued at $297,000 after purchasing an additional 781 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Shopify by 10.5% during the first quarter. Alps Advisors Inc. now owns 26,733 shares of the software maker’s stock valued at $2,552,000 after purchasing an additional 2,548 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Shopify by 7.1% during the 1st quarter. Cerity Partners LLC now owns 97,945 shares of the software maker’s stock worth $9,352,000 after purchasing an additional 6,498 shares during the period. Institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $152.41 on Friday. The stock has a market cap of $198.08 billion, a price-to-earnings ratio of 112.90, a PEG ratio of 5.71 and a beta of 2.73. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19. The stock’s 50 day moving average price is $155.59 and its 200 day moving average price is $130.28.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Shopify had a return on equity of 11.72% and a net margin of 16.65%.The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Shopify Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

SHOP has been the subject of a number of analyst reports. Morgan Stanley restated an “overweight” rating and set a $192.00 price objective (up previously from $165.00) on shares of Shopify in a research report on Wednesday. Scotiabank boosted their price target on shares of Shopify from $150.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $180.00 price target on shares of Shopify in a research report on Wednesday. National Bankshares lifted their price objective on shares of Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Shopify from $179.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.89.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.