Shopify Inc. $SHOP Shares Purchased by Aviso Financial Inc.

Aviso Financial Inc. raised its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,879 shares of the software maker’s stock after acquiring an additional 4,525 shares during the period. Aviso Financial Inc.’s holdings in Shopify were worth $4,945,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SHOP. Nuveen LLC purchased a new stake in shares of Shopify in the first quarter valued at $667,392,000. Jennison Associates LLC boosted its stake in Shopify by 118.1% in the 2nd 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 during the last quarter. Geode Capital Management LLC grew its holdings in Shopify by 19.9% in the 2nd quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock valued at $1,247,007,000 after buying an additional 1,781,530 shares during the period. Picton Mahoney Asset Management grew its holdings in Shopify by 246,359.0% in the 2nd quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker’s stock valued at $202,146,000 after buying an additional 1,759,003 shares during the period. Finally, ProShare Advisors LLC acquired a new position in shares of Shopify during the 2nd quarter valued at about $191,369,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $155.31 on Tuesday. The business’s 50-day simple moving average is $156.80 and its 200 day simple moving average is $134.63. The company has a market cap of $202.19 billion, a P/E ratio of 115.04, a PEG ratio of 5.46 and a beta of 2.73. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings data 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 net margin of 16.65% and a return on equity of 11.72%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. Analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on SHOP. Barclays set a $140.00 target price on shares of Shopify and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. Robert W. Baird increased their price target on shares of Shopify from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Scotiabank boosted their price objective on shares of Shopify from $150.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 5th. TD Securities upped their price objective on Shopify from $130.00 to $156.00 and gave the stock a “hold” rating in a report on Friday, October 3rd. Finally, Truist Financial set a $155.00 target price on Shopify and gave the company a “hold” rating in a report on Tuesday, November 4th. Twenty-two investment analysts have rated the stock with a Buy rating and twenty-four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.