Sienna Gestion Boosts Stock Holdings in Shopify Inc. $SHOP

Sienna Gestion raised its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,500 shares of the software maker’s stock after buying an additional 5,700 shares during the period. Sienna Gestion’s holdings in Shopify were worth $6,043,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SHOP. Family Legacy Financial Solutions LLC purchased a new stake in shares of Shopify during the second quarter worth about $25,000. Tradewinds Capital Management LLC boosted its holdings in shares of Shopify by 71.4% during the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after purchasing an additional 100 shares during the period. Coastline Trust Co purchased a new stake in shares of Shopify during the second quarter worth about $29,000. Smithfield Trust Co boosted its holdings in shares of 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 purchasing an additional 188 shares during the period. Finally, Dagco Inc. purchased a new stake in shares of Shopify during the first quarter worth about $30,000. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHOP shares. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. Royal Bank Of Canada increased their target price on shares of Shopify from $170.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Mizuho increased their target price on shares of Shopify from $85.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. TD Cowen reiterated a “hold” rating and set a $156.00 target price on shares of Shopify in a report on Friday, October 3rd. Finally, Truist Financial set a $155.00 price target on shares of Shopify and gave the stock a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twenty-two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.89.

Shopify Price Performance

SHOP stock opened at $162.92 on Thursday. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19. The company has a market cap of $211.74 billion, a P/E ratio of 120.68, a PEG ratio of 7.53 and a beta of 2.73. The firm has a 50-day moving average of $155.08 and a 200 day moving average of $129.29.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.95%. The business 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. On average, equities research analysts expect that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

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.