Level Four Advisory Services LLC Decreases Position in Shopify Inc. $SHOP

Level Four Advisory Services LLC trimmed its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,981 shares of the software maker’s stock after selling 2,545 shares during the period. Level Four Advisory Services LLC’s holdings in Shopify were worth $3,112,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SHOP. Family Legacy Financial Solutions LLC acquired a new stake in shares of Shopify in the second quarter worth approximately $25,000. Financial Gravity Companies Inc. acquired a new position in Shopify in the 2nd quarter valued at $27,000. Rothschild Investment LLC raised its stake in Shopify by 47.5% in the 2nd 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 last quarter. Tradewinds Capital Management LLC raised its stake in Shopify by 71.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in Shopify in the 2nd quarter valued at $29,000. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Shopify Price Performance

Shares of SHOP stock opened at $158.64 on Friday. The company has a market capitalization of $206.52 billion, a PE ratio of 117.51, a price-to-earnings-growth ratio of 5.89 and a beta of 2.73. The firm’s 50-day moving average is $157.48 and its two-hundred day moving average is $135.81. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19.

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

Analysts Set New Price Targets

SHOP has been the subject of a number of research reports. BNP Paribas began coverage on shares of Shopify in a report on Monday. They set a “neutral” rating for the company. The Goldman Sachs Group boosted their price target on shares of Shopify from $120.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Stifel Nicolaus set a $175.00 price objective on shares of Shopify in a research note on Tuesday, November 4th. DA Davidson increased their price objective on shares of Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Robert W. Baird boosted their target price on Shopify from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Twenty-two analysts have rated the stock with a Buy rating and twenty-three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $165.69.

About Shopify

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.