Atika Capital Management LLC Boosts Stake in Shopify Inc. $SHOP

Atika Capital Management LLC raised its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 39.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,400 shares of the software maker’s stock after acquiring an additional 19,633 shares during the period. Atika Capital Management LLC’s holdings in Shopify were worth $8,005,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SHOP. Family Legacy Financial Solutions LLC purchased a new stake in Shopify in the second quarter valued at approximately $25,000. Rothschild Investment LLC increased its holdings in shares of Shopify by 47.5% in the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Shopify during the 2nd quarter valued at $27,000. Tradewinds Capital Management LLC raised its position in shares of Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Finally, Coastline Trust Co bought a new stake in shares of Shopify during the 2nd quarter worth $29,000. Institutional investors own 69.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SHOP. TD Cowen restated a “hold” rating and set a $156.00 price target on shares of Shopify in a research report on Friday, October 3rd. TD Securities raised their price objective on Shopify from $130.00 to $156.00 and gave the company a “hold” rating in a report on Friday, October 3rd. 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. Robert W. Baird increased their price target on shares of Shopify from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, CIBC reissued an “outperform” rating on shares of Shopify in a research note on Wednesday, November 5th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the company’s stock. According to MarketBeat, Shopify presently has an average rating of “Hold” and an average price target of $165.69.

Shopify Stock Performance

Shares of SHOP stock opened at $159.34 on Thursday. The company has a market capitalization of $207.44 billion, a P/E ratio of 118.03, a PEG ratio of 5.81 and a beta of 2.73. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The stock has a 50 day moving average price of $157.23 and a two-hundred day moving average price of $135.26.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

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.