7,028 Shares in Shopify Inc. $SHOP Purchased by Formuepleje A S

Formuepleje A S purchased a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,028 shares of the software maker’s stock, valued at approximately $1,042,000.

Other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its position in Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Graney & King LLC purchased a new position in Shopify during the 1st quarter worth $27,000. Fortitude Family Office LLC acquired a new position in Shopify in the third quarter valued at $29,000. Roxbury Financial LLC increased its stake in Shopify by 171.0% in the third quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock valued at $40,000 after purchasing an additional 171 shares during the period. Finally, Sankala Group LLC purchased a new stake in shares of Shopify in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Higher analyst price targets and earnings optimism: Baird raised its Shopify price target from $160 to $190 and maintained an “outperform” rating, while Jefferies cited potential upside to gross merchandise volume. The analyst support comes ahead of Shopify’s next earnings report. Shopify analysts see upside ahead of earnings
• Positive Sentiment: AI-commerce infrastructure is strengthening the growth narrative: Shopify’s Shop Pay and merchant network are being positioned as infrastructure for third-party AI shopping agents, including Meta’s Muse. Nearly 2,000 Shopify merchants have reportedly installed DeepLumen’s AI commerce tool, reinforcing expectations that agent-led purchasing could expand Shopify’s payments and transaction opportunity. Shopify AI commerce infrastructure
• Positive Sentiment: Strong underlying growth and cash generation remain supportive: Recent coverage highlighted 32% year-over-year gross merchandise volume growth to $116 billion and an approximately 18% free-cash-flow margin. Shopify’s expanding payments footprint and merchant ecosystem continue to support the long-term bullish case.
• Neutral Sentiment: Takeover speculation is concentrated elsewhere: Unconfirmed acquisition chatter lifted eBay and Etsy, but Shopify was largely unaffected, suggesting the company is currently trading more on fundamentals, AI-commerce prospects and valuation than on merger speculation. E-commerce takeover speculation
• Negative Sentiment: Valuation and implementation risks could limit near-term upside: After gaining roughly 42% since mid-July and trading near its annual high, Shopify’s elevated valuation leaves the shares vulnerable to profit-taking if earnings or guidance disappoint. Merchants also need to update custom integrations for October API changes affecting checkout data, metafield filters, shipping rates and tax recalculations.

Wall Street Analysts Forecast Growth

SHOP has been the subject of several recent research reports. Sanford C. Bernstein assumed coverage on shares of Shopify in a research note on Thursday, September 10th. They set an “outperform” rating and a $160.00 target price for the company. Canaccord Genuity Group set a $180.00 price objective on Shopify and gave the company a “buy” rating in a research note on Wednesday, August 5th. Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 17th. Wedbush reaffirmed an “outperform” rating and set a $176.00 price objective on shares of Shopify in a research report on Wednesday, September 23rd. Finally, JPMorgan Chase & Co. upped their price target on Shopify from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.37.

Shopify Stock Performance

NASDAQ:SHOP traded down $0.30 during mid-day trading on Thursday, reaching $172.20. The stock had a trading volume of 5,253,007 shares, compared to its average volume of 10,321,146. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The business has a 50 day simple moving average of $148.25 and a 200 day simple moving average of $127.49. The firm has a market capitalization of $221.56 billion, a price-to-earnings ratio of 116.35, a PEG ratio of 3.65 and a beta of 2.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $3.58 billion for the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The business’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. On average, analysts expect that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Shopify Company Profile

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.