Boston Family Office LLC Buys Shares of 2,880 Shopify Inc. $SHOP

Boston Family Office LLC bought a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,880 shares of the software maker’s stock, valued at approximately $332,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after purchasing an additional 584 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Shopify by 25.3% in the first quarter. PNC Financial Services Group Inc. now owns 114,679 shares of the software maker’s stock valued at $10,950,000 after buying an additional 23,190 shares during the last quarter. J. Safra Sarasin Holding AG purchased a new position in shares of Shopify in the first quarter worth about $227,000. Blair William & Co. IL boosted its position in Shopify by 6.2% during the first quarter. Blair William & Co. IL now owns 495,828 shares of the software maker’s stock worth $47,342,000 after acquiring an additional 28,803 shares during the last quarter. Finally, Smithfield Trust Co boosted its position in Shopify by 149.2% during the first quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock worth $30,000 after acquiring an additional 188 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Evercore ISI increased their price objective on shares of Shopify from $120.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, August 8th. BNP Paribas began coverage on Shopify in a research report on Monday, November 24th. They set a “neutral” rating on the stock. Benchmark reissued a “buy” rating on shares of Shopify in a research note on Wednesday, November 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Shopify in a research note on Monday. Finally, Bank of America lifted their price target on Shopify from $110.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Twenty-two analysts have rated the stock with a Buy rating and twenty-four have issued a Hold rating to the stock. According to data from MarketBeat, Shopify presently has an average rating of “Hold” and an average target price of $165.69.

Shopify Stock Down 5.9%

Shares of Shopify stock opened at $149.28 on Tuesday. The firm has a market cap of $194.34 billion, a PE ratio of 110.58, a price-to-earnings-growth ratio of 5.86 and a beta of 2.82. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19. The business’s fifty day simple moving average is $157.32 and its 200-day simple moving average is $136.45.

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, topping analysts’ consensus estimates of $0.24 by $0.03. Shopify had a return on equity of 11.72% and a net margin of 16.65%.The firm 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. As a group, equities analysts expect that Shopify Inc. will post 1.12 earnings per share for the current year.

Shopify 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.