ProShare Advisors LLC Buys 34,087 Shares of Shopify Inc. $SHOP

ProShare Advisors LLC boosted its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 3.0% during the third quarter, Holdings Channel.com reports. The firm owned 1,168,156 shares of the software maker’s stock after buying an additional 34,087 shares during the quarter. ProShare Advisors LLC’s holdings in Shopify were worth $173,238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Swiss National Bank increased its stake in Shopify by 27.0% in the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock valued at $487,580,000 after purchasing an additional 876,100 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Shopify by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after purchasing an additional 660,198 shares during the period. Bank of Nova Scotia boosted its holdings in Shopify by 24.2% in the first quarter. Bank of Nova Scotia now owns 3,196,004 shares of the software maker’s stock valued at $379,111,000 after purchasing an additional 621,893 shares during the last quarter. Nykredit A S bought a new stake in shares of Shopify in the 2nd quarter valued at approximately $41,959,000. Finally, HB Wealth Management LLC boosted its position in Shopify by 2,377.7% during the 2nd quarter. HB Wealth Management LLC now owns 282,009 shares of the software maker’s stock worth $32,200,000 after acquiring an additional 270,627 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Down 5.6%

Shares of SHOP opened at $157.49 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The company has a market cap of $202.63 billion, a P/E ratio of 106.41, a P/E/G ratio of 3.25 and a beta of 2.62. Shopify Inc. has a one year low of $94.00 and a one year high of $180.88. The firm has a 50 day simple moving average of $152.78 and a two-hundred day simple moving average of $130.26.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The business had revenue of $3.58 billion during the quarter. During the same period in the prior year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. Research analysts forecast that Shopify Inc. will post 1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on SHOP. Bank of America started coverage on shares of Shopify in a research note on Tuesday, July 7th. They issued a “buy” rating and a $150.00 price objective for the company. BMO Capital Markets set a $165.00 price target on Shopify and gave the company an “outperform” rating in a research report on Thursday, August 6th. Oppenheimer restated an “outperform” rating and issued a $205.00 price objective (up from $175.00) on shares of Shopify in a research report on Friday, October 23rd. Phillip Securities downgraded shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 17th. Finally, Canaccord Genuity Group set a $180.00 price target on shares of Shopify and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus price target of $177.79.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Shopify Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.