Mission Wealth Management LP Trims Stake in Shopify Inc. $SHOP

Mission Wealth Management LP reduced its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 25.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,790 shares of the software maker’s stock after selling 1,268 shares during the quarter. Mission Wealth Management LP’s holdings in Shopify were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new position in Shopify during the 2nd quarter worth $25,000. Tradewinds Capital Management LLC increased its holdings in shares of Shopify by 71.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Coastline Trust Co purchased a new position in shares of Shopify in the 2nd quarter valued at $29,000. Global Wealth Strategies & Associates increased its holdings in shares of Shopify by 182.8% in the 2nd quarter. Global Wealth Strategies & Associates now owns 263 shares of the software maker’s stock valued at $30,000 after acquiring an additional 170 shares during the period. Finally, Smithfield Trust Co increased its holdings in shares of Shopify by 149.2% in the 1st quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock valued at $30,000 after acquiring an additional 188 shares during the period. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Shopify Price Performance

Shares of SHOP stock opened at $160.94 on Wednesday. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The stock’s fifty day moving average price is $154.62 and its 200 day moving average price is $129.05. The company has a market cap of $209.17 billion, a price-to-earnings ratio of 89.91, a price-to-earnings-growth ratio of 8.10 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Shopify had a return on equity of 12.30% and a net margin of 23.42%. Shopify has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Shopify Inc. will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SHOP. Barclays lifted their price target on Shopify from $94.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. KeyCorp lifted their price target on Shopify from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Bank of America lifted their price target on Shopify from $110.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Arete reiterated a “neutral” rating on shares of Shopify in a report on Wednesday, July 23rd. Finally, Loop Capital downgraded Shopify from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twenty-two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.38.

Shopify 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.