GM Advisory Group LLC Boosts Stock Position in Shopify Inc. $SHOP

GM Advisory Group LLC increased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 15.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,546 shares of the software maker’s stock after acquiring an additional 1,534 shares during the period. GM Advisory Group LLC’s holdings in Shopify were worth $1,332,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rothschild Investment LLC boosted its stake 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 purchasing an additional 75 shares during the period. Prosperity Consulting Group LLC increased its stake in shares of Shopify by 1.5% during the second quarter. Prosperity Consulting Group LLC now owns 6,011 shares of the software maker’s stock worth $693,000 after buying an additional 90 shares during the period. Hummer Financial Advisory Services Inc increased its position in shares of Shopify by 3.8% in the 2nd quarter. Hummer Financial Advisory Services Inc now owns 2,595 shares of the software maker’s stock valued at $299,000 after purchasing an additional 95 shares during the last quarter. Lakeridge Wealth Management LLC raised its holdings in shares of Shopify by 1.5% in the 2nd quarter. Lakeridge Wealth Management LLC now owns 6,656 shares of the software maker’s stock valued at $768,000 after purchasing an additional 97 shares in the last quarter. Finally, SouthState Corp lifted its position in shares of Shopify by 3.7% during the 2nd quarter. SouthState Corp now owns 2,768 shares of the software maker’s stock worth $319,000 after purchasing an additional 99 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Trading Up 1.3%

Shopify stock opened at $159.34 on Thursday. The stock has a 50 day moving average of $157.23 and a two-hundred day moving average of $135.26. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The stock has a market capitalization of $207.44 billion, a price-to-earnings ratio of 118.03, a PEG ratio of 5.81 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm 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. Equities analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

SHOP has been the subject of a number of recent analyst reports. Barclays set a $140.00 price target on Shopify and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Phillip Securities cut shares of Shopify from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. upped their target price on shares of Shopify from $179.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, ATB Capital cut shares of Shopify to a “sector perform” rating in a research report on Thursday, August 7th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $165.69.

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.