Shopify Inc. $SHOP Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 51.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,417 shares of the software maker’s stock after acquiring an additional 6,969 shares during the quarter. Allworth Financial LP’s holdings in Shopify were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SHOP. Vanguard Group Inc. increased its holdings in Shopify by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 47,962,280 shares of the software maker’s stock worth $4,563,106,000 after purchasing an additional 882,168 shares during the period. Jennison Associates LLC grew its position in shares of Shopify by 118.1% during the second quarter. Jennison Associates LLC now owns 11,519,610 shares of the software maker’s stock worth $1,328,787,000 after buying an additional 6,238,829 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Shopify by 19.7% during the first quarter. Mackenzie Financial Corp now owns 8,648,734 shares of the software maker’s stock worth $822,745,000 after buying an additional 1,426,406 shares during the period. Nuveen LLC purchased a new stake in shares of Shopify during the first quarter worth approximately $667,392,000. Finally, Canada Pension Plan Investment Board raised its holdings in Shopify by 34.4% in the first quarter. Canada Pension Plan Investment Board now owns 5,943,409 shares of the software maker’s stock valued at $565,504,000 after acquiring an additional 1,522,573 shares in the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHOP has been the subject of several analyst reports. Stifel Nicolaus set a $175.00 price target on shares of Shopify in a report on Tuesday, November 4th. Atb Cap Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on Shopify from $179.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Benchmark reaffirmed a “buy” rating on shares of Shopify in a report on Wednesday, November 5th. Finally, BMO Capital Markets increased their price objective on Shopify from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.89.

Shopify Trading Down 1.5%

Shares of NASDAQ SHOP opened at $156.59 on Thursday. The stock has a market cap of $203.51 billion, a P/E ratio of 115.99, a P/E/G ratio of 5.87 and a beta of 2.73. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The stock has a 50 day moving average of $156.67 and a two-hundred day moving average of $131.61.

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 business 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. As a group, research analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

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.