PFG Advisors Acquires 2,810 Shares of Shopify Inc. $SHOP

PFG Advisors increased its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 38.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,068 shares of the software maker’s stock after purchasing an additional 2,810 shares during the quarter. PFG Advisors’ holdings in Shopify were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Shopify Stock Performance

Shares of Shopify stock opened at $158.88 on Tuesday. The stock has a market cap of $206.49 billion, a P/E ratio of 117.69, a P/E/G ratio of 5.70 and a beta of 2.73. The stock’s fifty day moving average is $155.95 and its 200 day moving average is $131.00. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released 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. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%. Shopify has set its Q4 2025 guidance at EPS. Analysts predict that Shopify Inc. will post 1.12 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on SHOP. JPMorgan Chase & Co. lifted their target price on shares of Shopify from $179.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Arete Research raised Shopify to a “hold” rating in a report on Wednesday, July 23rd. BMO Capital Markets upped their price objective on Shopify from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, Bank of America raised their target price on Shopify from $110.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twenty-three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.89.

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.