Marcho Partners LLP Sells 34,571 Shares of Shopify Inc. $SHOP

Marcho Partners LLP decreased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,676 shares of the software maker’s stock after selling 34,571 shares during the quarter. Shopify makes up approximately 8.9% of Marcho Partners LLP’s portfolio, making the stock its 5th largest holding. Marcho Partners LLP’s holdings in Shopify were worth $24,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new position in Shopify in the 2nd quarter valued at $25,000. Rothschild Investment LLC boosted its holdings in Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of Shopify in the second quarter valued at about $27,000. Tradewinds Capital Management LLC increased its stake in shares of Shopify by 71.4% in 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. Finally, Coastline Trust Co acquired a new position in shares of Shopify during the 2nd quarter worth about $29,000. 69.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHOP has been the subject of several recent analyst reports. Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Stifel Nicolaus set a $175.00 price target on Shopify in a report on Tuesday, November 4th. JMP Securities increased their price objective on Shopify from $135.00 to $185.00 and gave the company a “market outperform” rating in a research report on Thursday, August 7th. BNP Paribas Exane started coverage on shares of Shopify in a research report on Monday. They set a “neutral” rating on the stock. Finally, Truist Financial set a $155.00 price target on shares of Shopify and gave the company a “hold” rating in a report on Tuesday, November 4th. Twenty-two analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.69.

Shopify Trading Up 1.3%

Shares of NASDAQ SHOP opened at $159.34 on Friday. The firm has a market capitalization of $207.44 billion, a price-to-earnings ratio of 118.03, a PEG ratio of 5.89 and a beta of 2.73. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The business has a fifty day simple moving average of $157.37 and a 200 day simple moving average of $135.43.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. On average, research analysts anticipate 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.