Allianz SE Sells 711 Shares of Shopify Inc. $SHOP

Allianz SE cut its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,580 shares of the software maker’s stock after selling 711 shares during the quarter. Allianz SE’s holdings in Shopify were worth $6,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Shopify by 19.9% in the second quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock worth $1,247,007,000 after purchasing an additional 1,781,530 shares in the last quarter. Maple Capital Management Inc. bought a new position in Shopify during the 2nd quarter valued at about $224,000. PNC Financial Services Group Inc. grew its position in Shopify by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 121,418 shares of the software maker’s stock worth $14,006,000 after purchasing an additional 6,739 shares during the period. Tobam lifted its holdings in Shopify by 44.4% in the second quarter. Tobam now owns 816 shares of the software maker’s stock valued at $94,000 after acquiring an additional 251 shares during the period. Finally, Advyzon Investment Management LLC boosted its holdings in shares of Shopify by 8.2% in the second quarter. Advyzon Investment Management LLC now owns 2,099 shares of the software maker’s stock worth $242,000 after buying an additional 159 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Down 1.5%

NASDAQ SHOP opened at $156.59 on Thursday. The firm has a market cap of $203.51 billion, a PE ratio of 115.99, a price-to-earnings-growth ratio of 5.87 and a beta of 2.73. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19. The company has a 50 day moving average price of $156.67 and a 200 day moving average price of $131.61.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SHOP shares. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. KeyCorp upped their price objective on Shopify from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group raised their target price on shares of Shopify from $120.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, DA Davidson increased 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. One 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.89.

Shopify Company 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.