Sigma Planning Corp Sells 5,121 Shares of Shopify Inc. $SHOP

Sigma Planning Corp reduced its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 22.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,350 shares of the software maker’s stock after selling 5,121 shares during the quarter. Sigma Planning Corp’s holdings in Shopify were worth $2,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Shopify by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 47,962,280 shares of the software maker’s stock valued at $4,563,106,000 after acquiring an additional 882,168 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Shopify by 118.1% in the 2nd quarter. Jennison Associates LLC now owns 11,519,610 shares of the software maker’s stock valued at $1,328,787,000 after acquiring an additional 6,238,829 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Shopify by 19.7% in the 1st quarter. Mackenzie Financial Corp now owns 8,648,734 shares of the software maker’s stock valued at $822,745,000 after acquiring an additional 1,426,406 shares during the last quarter. Nuveen LLC bought a new stake in shares of Shopify in the 1st quarter valued at about $667,392,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of Shopify by 34.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 5,943,409 shares of the software maker’s stock valued at $565,504,000 after acquiring an additional 1,522,573 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

Shopify Stock Performance

Shares of SHOP opened at $160.94 on Wednesday. The stock has a 50 day simple moving average of $154.62 and a 200 day simple moving average of $129.05. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19. The firm has a market capitalization of $209.17 billion, a PE ratio of 89.91, a P/E/G ratio of 8.10 and a beta of 2.73.

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 return on equity of 12.30% and a net margin of 23.42%. Shopify has set its Q4 2025 guidance at EPS. Equities research analysts predict that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on SHOP shares. National Bankshares upped their price target on Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Canaccord Genuity Group upped their price target on Shopify from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday. Phillip Securities cut Shopify from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Royal Bank Of Canada upped their price target on Shopify from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Mizuho upped their price target on Shopify from $85.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.38.

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.