Solidarity Wealth LLC Raises Stock Holdings in Shopify Inc. $SHOP

Solidarity Wealth LLC grew its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 18.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,424 shares of the software maker’s stock after acquiring an additional 1,300 shares during the quarter. Solidarity Wealth LLC’s holdings in Shopify were worth $972,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Family Legacy Financial Solutions LLC purchased a new stake in Shopify in the 2nd quarter valued at $25,000. Financial Gravity Companies Inc. purchased a new position in Shopify during the 2nd quarter worth $27,000. Rothschild Investment LLC raised its holdings in shares of Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Tradewinds Capital Management LLC raised its holdings 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 valued at $28,000 after buying an additional 100 shares during the last quarter. Finally, Coastline Trust Co purchased a new stake in shares of Shopify in the second quarter valued at about $29,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Price Performance

Shopify stock opened at $158.64 on Monday. The stock’s 50 day moving average price is $157.48 and its 200 day moving average price is $136.18. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The company has a market cap of $206.52 billion, a PE ratio of 117.51, a price-to-earnings-growth ratio of 5.86 and a beta of 2.82.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate 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. On average, equities research analysts anticipate that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a report on Monday, November 24th. National Bankshares lifted their target price on Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. Citigroup upped their price target on Shopify from $155.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Shopify from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Twenty-two investment analysts have rated the stock with a Buy rating and twenty-four have assigned a Hold rating to the company. According to data from MarketBeat, Shopify presently has a consensus rating of “Hold” and an average price target of $165.69.

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.