Pembroke Management LTD Purchases 4,187 Shares of Shopify Inc. $SHOP

Pembroke Management LTD raised its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 42.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,964 shares of the software maker’s stock after purchasing an additional 4,187 shares during the quarter. Pembroke Management LTD’s holdings in Shopify were worth $1,611,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after buying an additional 584 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Shopify by 7.1% during the first quarter. Cerity Partners LLC now owns 97,945 shares of the software maker’s stock valued at $9,352,000 after buying an additional 6,498 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in Shopify by 25.6% in the first quarter. Kathmere Capital Management LLC now owns 3,499 shares of the software maker’s stock valued at $334,000 after acquiring an additional 713 shares during the period. New York State Common Retirement Fund raised its stake in shares of Shopify by 2.5% in the first quarter. New York State Common Retirement Fund now owns 328,107 shares of the software maker’s stock worth $31,328,000 after buying an additional 8,085 shares during the period. Finally, LRI Investments LLC lifted its holdings in Shopify by 33.3% in the 1st quarter. LRI Investments LLC now owns 1,185 shares of the software maker’s stock worth $113,000 after purchasing an additional 296 shares in the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SHOP shares. Royal Bank Of Canada increased their price target on Shopify from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Robert W. Baird increased their price objective on Shopify from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Oppenheimer restated an “outperform” rating and issued a $200.00 price target (up previously from $180.00) on shares of Shopify in a research note on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a report on Wednesday, November 5th. Finally, BMO Capital Markets raised their price target on Shopify from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twenty-three have given a Hold rating to the stock. Based on data from MarketBeat, Shopify has an average rating of “Moderate Buy” and an average price target of $163.89.

Shopify Stock Performance

Shopify stock opened at $158.88 on Tuesday. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The firm has a market capitalization of $206.49 billion, a P/E ratio of 117.69, a P/E/G ratio of 5.70 and a beta of 2.73. The company has a 50-day simple moving average of $155.95 and a 200-day simple moving average of $131.00.

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. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%. Shopify has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast 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.