Shopify Inc. $SHOP Shares Sold by Souders Financial Advisors

Souders Financial Advisors decreased its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,947 shares of the software maker’s stock after selling 583 shares during the quarter. Souders Financial Advisors’ holdings in Shopify were worth $801,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Washington Trust Bank acquired a new stake in shares of Shopify during the second quarter worth $1,510,000. Achmea Investment Management B.V. acquired a new stake in Shopify during the second quarter worth about $2,909,000. SouthState Corp raised its holdings in shares of Shopify by 3.7% in the 2nd quarter. SouthState Corp now owns 2,768 shares of the software maker’s stock worth $319,000 after purchasing an additional 99 shares during the period. Sienna Gestion lifted its stake in shares of Shopify by 11.0% in the 2nd quarter. Sienna Gestion now owns 57,500 shares of the software maker’s stock valued at $6,043,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Shopify in the 2nd quarter valued at about $528,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SHOP. Scotiabank raised their price objective on Shopify from $150.00 to $165.00 and gave the company a “sector perform” rating in a research report on Wednesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $181.00 price objective (up from $156.00) on shares of Shopify in a research report on Wednesday. UBS Group reissued a “neutral” rating and issued a $165.00 price objective (up from $145.00) on shares of Shopify in a research report on Wednesday. Robert W. Baird raised their price objective on Shopify from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Phillip Securities lowered Shopify from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Shopify presently has a consensus rating of “Moderate Buy” and an average price target of $163.89.

Shopify Stock Up 1.2%

Shares of NASDAQ SHOP opened at $162.92 on Thursday. The stock has a market capitalization of $211.74 billion, a price-to-earnings ratio of 120.68, a PEG ratio of 7.53 and a beta of 2.73. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19. The stock’s fifty day simple moving average is $155.08 and its 200 day simple moving average is $129.29.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Shopify had a return on equity of 11.95% and a net margin of 16.65%.The company 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. As a group, analysts anticipate that Shopify Inc. will post 1.12 earnings per share for the current year.

About Shopify

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.