Avantax Advisory Services Inc. Grows Stock Position in Shopify Inc. $SHOP

Avantax Advisory Services Inc. lifted its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,695 shares of the software maker’s stock after purchasing an additional 4,614 shares during the period. Avantax Advisory Services Inc.’s holdings in Shopify were worth $5,386,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC purchased a new position in shares of Shopify during the 2nd quarter worth $25,000. Tradewinds Capital Management LLC increased its stake in shares of Shopify by 71.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Coastline Trust Co bought a new position in Shopify in the 2nd quarter worth $29,000. Global Wealth Strategies & Associates raised its holdings in Shopify by 182.8% in the 2nd quarter. Global Wealth Strategies & Associates now owns 263 shares of the software maker’s stock worth $30,000 after purchasing an additional 170 shares during the period. Finally, Access Investment Management LLC purchased a new position in Shopify during the second quarter valued at $31,000. 69.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SHOP shares. Benchmark reaffirmed a “buy” rating on shares of Shopify in a report on Wednesday, November 5th. Canaccord Genuity Group upped their target price on shares of Shopify from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. DA Davidson boosted their price target on shares of Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Oppenheimer restated an “outperform” rating and set a $200.00 price objective (up previously from $180.00) on shares of Shopify in a research report on Tuesday, October 28th. Finally, BMO Capital Markets boosted their target price on Shopify from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $163.89.

Shopify Stock Up 0.4%

NASDAQ SHOP opened at $140.45 on Wednesday. The company has a fifty day moving average of $156.49 and a two-hundred day moving average of $133.13. The firm has a market capitalization of $182.84 billion, a price-to-earnings ratio of 104.04, a PEG ratio of 5.17 and a beta of 2.73. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate 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. Equities research analysts anticipate that Shopify Inc. will post 1.12 EPS 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.