Franklin Street Advisors Inc. NC Trims Stake in Shopify Inc. $SHOP

Franklin Street Advisors Inc. NC lessened its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 62.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,255 shares of the software maker’s stock after selling 93,448 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Shopify were worth $6,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Kingdom Financial Group LLC. purchased a new stake in Shopify in the fourth quarter worth about $26,000. Curio Wealth LLC purchased a new position in shares of Shopify during the fourth quarter valued at approximately $27,000. Evolution Wealth Management Inc. lifted its holdings in shares of Shopify by 203.9% during the first 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 bought a new stake in shares of Shopify in the 1st quarter worth approximately $27,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Shopify in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

Shares of SHOP opened at $151.57 on Monday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The company has a market capitalization of $196.69 billion, a P/E ratio of 102.41, a price-to-earnings-growth ratio of 3.21 and a beta of 2.58. The firm has a 50 day moving average of $119.29 and a 200 day moving average of $119.56. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The business had revenue of $3.58 billion for the quarter. During the same period last year, the company posted $0.69 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Shopify Inc. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citizens Jmp raised their price objective on Shopify from $150.00 to $185.00 and gave the company a “market outperform” rating in a research report on Thursday. BMO Capital Markets set a $165.00 price objective on Shopify and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 target price on shares of Shopify in a report on Wednesday. UBS Group restated a “neutral” rating and set a $145.00 price target (up from $130.00) on shares of Shopify in a report on Thursday. Finally, Citigroup reaffirmed an “outperform” rating on shares of Shopify in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.72.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q2 results exceeded expectations: Shopify reported revenue of approximately $3.58 billion, up 33.7% year over year, and earnings of $0.42 per share versus consensus of $0.40. Growth was supported by strong gross merchandise volume (GMV), expanding payments penetration and improved profitability. SHOP Q2 Earnings Beat Estimates
• Positive Sentiment: Healthy forward guidance: Management expects low-30% revenue growth in the third quarter, reinforcing the view that merchant demand and platform momentum remain strong. Free-cash-flow margins of about 18% also highlighted operating leverage. Shopify Q3 Revenue Outlook
• Positive Sentiment: AI is emerging as a growth catalyst: Shopify executives said traffic and orders originating from AI platforms, including ChatGPT and Gemini, have tripled over the past year. The company is investing in agentic commerce infrastructure, suggesting AI is expanding rather than displacing Shopify’s merchant ecosystem. Shopify Executive Discusses AI and Entrepreneurship
• Positive Sentiment: Analysts raised targets: Goldman Sachs, Citigroup, JPMorgan, Wedbush, BMO and Benchmark all increased their price targets following the results, with several maintaining buy or outperform ratings. These revisions provide additional support for the rally and reflect improved growth expectations.
• Neutral Sentiment: Valuation is demanding: After the earnings-driven advance, Shopify trades at a high earnings multiple. Continued upside likely depends on the company sustaining 30%-plus growth and converting AI and GMV momentum into durable profits. Shopify Q2 Risks and Opportunities
• Negative Sentiment: Some caution remains: Cantor Fitzgerald maintained a neutral rating despite raising its target to $145, while commentary has warned that elevated expectations and the stock’s volatility could limit further gains. Cathie Wood’s reported trimming of Shopify holdings also represents a modest negative sentiment signal.

Shopify Company Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.