Alpha Cubed Investments LLC Raises Holdings in Shopify Inc. $SHOP

Alpha Cubed Investments LLC increased its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,251 shares of the software maker’s stock after acquiring an additional 591 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Shopify were worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHOP. Family Legacy Financial Solutions LLC purchased a new position in shares of Shopify in the second quarter worth $25,000. Tradewinds Capital Management LLC boosted its position in Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after buying an additional 100 shares during the period. Coastline Trust Co bought a new stake in Shopify in the 2nd quarter worth $29,000. Smithfield Trust Co increased its position in shares of Shopify by 149.2% in the first quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock valued at $30,000 after acquiring an additional 188 shares during the period. Finally, Dagco Inc. purchased a new position in shares of Shopify in the first quarter valued at about $30,000. Institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SHOP shares. DA Davidson raised their target price on Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Phillip Securities lowered Shopify from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. JMP Securities boosted their target price on Shopify from $135.00 to $185.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. TD Cowen reaffirmed a “hold” rating and issued a $156.00 price target on shares of Shopify in a research note on Friday, October 3rd. Finally, Arete reiterated a “neutral” rating on shares of Shopify in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twenty-three have issued a Hold rating to the stock. According to data from MarketBeat, Shopify has a consensus rating of “Moderate Buy” and an average target price of $163.89.

Shopify Trading Down 2.3%

SHOP opened at $152.41 on Monday. The stock has a fifty day simple moving average of $155.59 and a two-hundred day simple moving average of $130.55. The company has a market cap of $198.08 billion, a price-to-earnings ratio of 112.90, a price-to-earnings-growth ratio of 5.70 and a beta of 2.73. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19.

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

Shopify Profile

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.