STF Management LP Invests $2.01 Million in Shopify Inc. $SHOP

STF Management LP purchased a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,388 shares of the software maker’s stock, valued at approximately $2,006,000.

Several other hedge funds also recently bought and sold shares of SHOP. Family Legacy Financial Solutions LLC bought a new stake in shares of Shopify during the second quarter worth $25,000. Tradewinds Capital Management LLC increased its stake in Shopify by 71.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after buying an additional 100 shares during the period. Coastline Trust Co purchased a new position in Shopify in the 2nd quarter worth about $29,000. Global Wealth Strategies & Associates lifted its holdings in Shopify by 182.8% during the 2nd quarter. Global Wealth Strategies & Associates now owns 263 shares of the software maker’s stock valued at $30,000 after buying an additional 170 shares in the last quarter. Finally, Access Investment Management LLC purchased a new stake in Shopify in the 2nd quarter valued at about $31,000. Institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

SHOP has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of Shopify from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. BMO Capital Markets increased their price objective on Shopify from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Zacks Research upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Canaccord Genuity Group upped their target price on Shopify from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Evercore ISI increased their price target on Shopify from $120.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twenty-three have assigned a Hold rating to the stock. According to MarketBeat.com, Shopify has an average rating of “Moderate Buy” and a consensus price target of $163.89.

Shopify Trading Up 4.2%

Shares of NASDAQ:SHOP opened at $158.88 on Tuesday. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19. The business’s fifty day simple moving average is $155.95 and its 200-day simple moving average is $131.00. The company has a market capitalization of $206.49 billion, a PE ratio of 117.69, a P/E/G ratio of 5.70 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 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 analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. Research analysts predict that Shopify Inc. will post 1.12 EPS 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.