Shopify Inc. $SHOP Stake Reduced by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 26.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,896,793 shares of the software maker’s stock after selling 4,235,134 shares during the period. Shopify comprises 1.0% of Arrowstreet Capital Limited Partnership’s portfolio, making the stock its 9th biggest position. Arrowstreet Capital Limited Partnership owned 0.92% of Shopify worth $1,372,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Shopify by 171.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 423,295 shares of the software maker’s stock worth $48,827,000 after buying an additional 267,271 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Shopify by 4.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock valued at $603,425,000 after purchasing an additional 218,829 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Shopify by 9.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 400,389 shares of the software maker’s stock valued at $46,185,000 after purchasing an additional 35,113 shares during the last quarter. ARK Investment Management LLC raised its holdings in Shopify by 13.6% in the second quarter. ARK Investment Management LLC now owns 5,049,508 shares of the software maker’s stock worth $582,461,000 after purchasing an additional 605,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Shopify by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,622,495 shares of the software maker’s stock valued at $301,869,000 after buying an additional 67,260 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Stock Down 5.9%

Shares of SHOP opened at $149.28 on Tuesday. The company has a market capitalization of $194.34 billion, a price-to-earnings ratio of 110.58, a PEG 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 stock’s 50-day moving average price is $157.32 and its 200-day moving average price is $136.45.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating 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 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. As a group, equities analysts anticipate that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SHOP has been the subject of several recent analyst reports. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. UBS Group reissued a “neutral” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Shopify in a research report on Wednesday, November 5th. TD Cowen reaffirmed a “hold” rating and set a $156.00 target price on shares of Shopify in a research report on Friday, October 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $192.00 price objective (up from $165.00) on shares of Shopify in a research report on Wednesday, November 5th. Finally, Citigroup boosted their target price on shares of Shopify from $155.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Twenty-two 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 currently has a consensus rating of “Hold” and an average price target of $165.69.

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.