Shopify Inc. $SHOP Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 221,168 shares of the software maker’s stock after purchasing an additional 11,139 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Shopify were worth $25,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHOP. Brighton Jones LLC increased its stake in Shopify by 2.8% during the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after buying an additional 584 shares during the period. Pacer Advisors Inc. boosted its position in Shopify by 3.0% in the 1st quarter. Pacer Advisors Inc. now owns 10,872 shares of the software maker’s stock valued at $1,038,000 after buying an additional 312 shares during the period. HB Wealth Management LLC grew its stake in shares of Shopify by 27.5% in the first quarter. HB Wealth Management LLC now owns 15,076 shares of the software maker’s stock worth $1,439,000 after acquiring an additional 3,249 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Shopify in the first quarter worth $730,000. Finally, SLT Holdings LLC increased its position in shares of Shopify by 3.3% during the first quarter. SLT Holdings LLC now owns 5,550 shares of the software maker’s stock worth $530,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on SHOP shares. Wedbush reiterated an “outperform” rating and issued a $185.00 target price (up from $160.00) on shares of Shopify in a report on Tuesday, November 4th. Truist Financial set a $155.00 price target on Shopify and gave the company a “hold” rating in a research report on Tuesday, November 4th. Bank of America lifted their price objective on Shopify from $110.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Evercore ISI upped their target price on shares of Shopify from $120.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, BNP Paribas assumed coverage on shares of Shopify in a report on Monday. They issued a “neutral” rating on the stock. Twenty-two equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $165.69.

Shopify Stock Up 1.3%

SHOP stock opened at $157.37 on Wednesday. The business has a 50 day moving average price of $157.00 and a 200 day moving average price of $135.09. The stock has a market cap of $204.87 billion, a price-to-earnings ratio of 116.57, a PEG ratio of 5.74 and a beta of 2.73. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify had a net margin of 16.65% and a return on equity of 11.72%. Shopify has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Shopify Inc. will post 1.12 EPS for the current year.

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.