AE Wealth Management LLC Decreases Position in Shopify Inc. $SHOP

AE Wealth Management LLC reduced its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,492 shares of the software maker’s stock after selling 3,450 shares during the period. AE Wealth Management LLC’s holdings in Shopify were worth $2,479,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Metis Global Partners LLC increased its position in shares of Shopify by 9.9% during the second quarter. Metis Global Partners LLC now owns 54,458 shares of the software maker’s stock worth $6,281,000 after purchasing an additional 4,892 shares in the last quarter. KCM Investment Advisors LLC acquired a new stake in Shopify during the 2nd quarter worth $239,000. Vestmark Advisory Solutions Inc. grew its holdings in shares of Shopify by 39.2% during the second quarter. Vestmark Advisory Solutions Inc. now owns 242,465 shares of the software maker’s stock worth $27,968,000 after buying an additional 68,311 shares in the last quarter. Nvwm LLC raised its position in shares of Shopify by 28.3% in the second quarter. Nvwm LLC now owns 14,689 shares of the software maker’s stock valued at $1,694,000 after buying an additional 3,241 shares during the last quarter. Finally, Bryn Mawr Trust Advisors LLC raised its position in shares of Shopify by 4.3% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 13,124 shares of the software maker’s stock valued at $1,514,000 after buying an additional 540 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Price Performance

Shares of SHOP stock opened at $158.94 on Wednesday. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The firm has a market cap of $206.57 billion, a PE ratio of 117.73, a price-to-earnings-growth ratio of 5.87 and a beta of 2.73. The company has a 50-day moving average of $156.34 and a two-hundred day moving average of $131.44.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released 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 net margin of 16.65% and a return on equity of 11.72%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Loop Capital lowered shares of Shopify from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Tuesday, July 22nd. Bank of America boosted their target price on Shopify from $110.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Phillip Securities lowered Shopify from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. CIBC reiterated an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Finally, DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twenty-three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.