Forsta AP Fonden Decreases Holdings in Shopify Inc. $SHOP

Forsta AP Fonden trimmed its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 269,100 shares of the software maker’s stock after selling 13,200 shares during the quarter. Forsta AP Fonden’s holdings in Shopify were worth $43,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Shopify in the 4th quarter worth about $2,611,797,000. Hilltop Partners LLC raised its position in Shopify by 13.8% in the 4th quarter. Hilltop Partners LLC now owns 1,776 shares of the software maker’s stock worth $286,000 after purchasing an additional 215 shares during the period. Acorn Wealth Advisors LLC purchased a new stake in Shopify in the 4th quarter worth about $204,000. Eurizon Capital SGR S.p.A. purchased a new stake in Shopify in the 4th quarter worth about $241,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in Shopify in the 4th quarter worth about $244,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Price Performance

Shares of SHOP stock opened at $118.71 on Friday. The company has a market capitalization of $154.04 billion, a P/E ratio of 117.54, a P/E/G ratio of 3.22 and a beta of 2.64. The company’s 50-day simple moving average is $114.71 and its two-hundred day simple moving average is $134.06. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. On average, research analysts expect that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SHOP has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $180.00 price objective on shares of Shopify in a research report on Tuesday, May 5th. National Bank Financial reduced their price objective on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stifel Nicolaus set a $115.00 price objective on shares of Shopify and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings lowered shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group reduced their price objective on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.17.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: UBS said Shopify’s point-of-sale business could become a much bigger long-term growth driver than the market currently assumes, adding to gross merchandise value and profit growth over the next decade. The note reinforces the idea that Shopify’s in-store commerce and retail tools can expand beyond its core e-commerce platform.
• Positive Sentiment: Shopify also benefited from a broader rebound in software names after strong results from companies like Snowflake and Okta eased fears that AI would disrupt subscription software models. That improving sentiment has helped lift investor appetite for software stocks, including SHOP.
• Positive Sentiment: Recent coverage also highlighted Shopify’s strong B2B momentum, with Q1 B2B gross merchandise value reportedly up 80% year over year, suggesting another avenue for enterprise growth and supporting the bullish case for the stock.
• Neutral Sentiment: Reddit’s expanded Shopify integration, now generally available for merchants, could indirectly support Shopify’s ecosystem by making it easier for merchants to advertise and sell through Reddit. While this is more directly a positive for Reddit, it underscores Shopify’s role as a commerce platform connected to more marketing channels.
• Neutral Sentiment: Other recent articles pointed to AI-related merchant tools and app integrations, such as EZ Texting, which may improve Shopify’s value proposition over time but are not immediate stock-moving catalysts on their own.

Shopify Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.