Fiera Capital Corp Lowers Position in Shopify Inc. $SHOP

Fiera Capital Corp decreased its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,150 shares of the software maker’s stock after selling 647 shares during the period. Fiera Capital Corp’s holdings in Shopify were worth $594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after purchasing an additional 584 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of Shopify by 14.0% during the 1st quarter. Wealthfront Advisers LLC now owns 19,074 shares of the software maker’s stock valued at $1,821,000 after acquiring an additional 2,339 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Shopify by 20.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 31,832 shares of the software maker’s stock valued at $3,039,000 after acquiring an additional 5,435 shares in the last quarter. Diversify Advisory Services LLC boosted its position in Shopify by 12.0% during the 1st quarter. Diversify Advisory Services LLC now owns 14,800 shares of the software maker’s stock worth $1,464,000 after purchasing an additional 1,580 shares during the period. Finally, Private Advisor Group LLC increased its holdings in Shopify by 8.7% in the 1st quarter. Private Advisor Group LLC now owns 60,718 shares of the software maker’s stock valued at $5,796,000 after purchasing an additional 4,869 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SHOP shares. Citigroup boosted their price target on Shopify from $155.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Barclays set a $140.00 price objective on shares of Shopify and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 target price on shares of Shopify in a research report on Wednesday, November 5th. JPMorgan Chase & Co. upped their target price on Shopify from $179.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Benchmark reissued a “buy” rating on shares of Shopify in a research report on Wednesday, November 5th. Twenty-two analysts have rated the stock with a Buy rating and twenty-four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shopify has an average rating of “Hold” and an average target price of $163.89.

Shopify Price Performance

SHOP stock opened at $146.04 on Friday. The firm has a market cap of $190.12 billion, a price-to-earnings ratio of 108.18, a PEG ratio of 5.39 and a beta of 2.73. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The firm has a fifty day moving average price of $156.68 and a two-hundred day moving average price of $132.28.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. As a group, analysts expect that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Shopify Profile

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.