Shopify Inc. $SHOP Stock Bought by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. boosted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,756 shares of the software maker’s stock after buying an additional 4,442 shares during the quarter. Capital Investment Services of America Inc.’s holdings in Shopify were worth $15,980,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Shopify by 8.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock worth $998,137,000 after acquiring an additional 660,198 shares during the last quarter. Swiss National Bank increased its holdings in Shopify by 27.0% in the 1st 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. Sumitomo Mitsui Trust Group Inc. increased its holdings in Shopify by 4.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock valued at $436,356,000 after purchasing an additional 145,500 shares during the last quarter. Bank of New York Mellon Corp raised its position in Shopify by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock valued at $414,691,000 after purchasing an additional 159,873 shares during the period. Finally, Amova Asset Management Americas Inc. raised its position in Shopify by 5.0% in the first quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock valued at $410,219,000 after purchasing an additional 165,080 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on SHOP shares. National Bank Financial upped their price target on Shopify from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Shopify from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets set a $165.00 price objective on Shopify and gave the company an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings lowered Shopify from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Finally, Zacks Research raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $178.79.

Shopify Price Performance

Shares of SHOP opened at $153.03 on Thursday. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $180.88. The firm’s 50 day moving average price is $152.75 and its 200 day moving average price is $130.11. The company has a market cap of $196.90 billion, a P/E ratio of 93.31, a PEG ratio of 2.94 and a beta of 2.65. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 3rd. The software maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. Shopify had a return on equity of 13.99% and a net margin of 15.01%. The business had revenue of $3.74 billion for the quarter. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue was up 31.6% compared to the same quarter last year. On average, research analysts forecast that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported Q3 revenue of $3.74 billion, up 31.6% year over year, and earnings per share of $0.49, above consensus. Free cash flow rose 61% to $816 million, while operating income increased 66%. Read More.
• Positive Sentiment: Analyst actions were broadly supportive: National Bank Financial raised its target to $185 and reaffirmed “outperform,” while RBC maintained “outperform” with a $200 target. UBS raised its target to $160 but kept a neutral rating. Read More. · Read More. · Read More.
• Positive Sentiment: ARK Invest reportedly bought $12.5 million of Shopify shares during the post-earnings weakness, providing a vote of confidence from a prominent growth investor. Read More.
• Neutral Sentiment: Shopify highlighted growing AI-driven shopping activity, expanding payments penetration and rising Shop Pay usage. These initiatives could support future growth, though their financial contribution remains to be proven. Read More.
• Negative Sentiment: The quarter fell short of expectations on gross merchandise volume (about $119.1 billion) and subscription revenue; some reports also cited a modest revenue miss. The shortfalls triggered the recent sell-off and keep expectations for holiday-quarter execution high. Read More.
• Negative Sentiment: Valuation remains a risk: Shopify trades at a rich earnings multiple, leaving the stock vulnerable if growth or margins disappoint. Cantor Fitzgerald cut its target to $150 and retained a neutral rating. Read More.

Shopify Company 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.