Mitsubishi UFJ Asset Management Co. Ltd. Acquires 95,383 Shares of Shopify Inc. $SHOP

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 4,058.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,733 shares of the software maker’s stock after purchasing an additional 95,383 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Shopify were worth $11,274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Shopify by 4.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock worth $603,425,000 after purchasing an additional 218,829 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Shopify by 171.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 423,295 shares of the software maker’s stock valued at $48,827,000 after purchasing an additional 267,271 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Shopify by 9.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 400,389 shares of the software maker’s stock valued at $46,185,000 after purchasing an additional 35,113 shares during the period. ARK Investment Management LLC increased its position in Shopify by 13.6% in the second quarter. ARK Investment Management LLC now owns 5,049,508 shares of the software maker’s stock worth $582,461,000 after buying an additional 605,283 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in Shopify by 32.6% in the second quarter. Avior Wealth Management LLC now owns 13,609 shares of the software maker’s stock worth $1,570,000 after buying an additional 3,347 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho upped their price target on Shopify from $85.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Robert W. Baird boosted their price objective on Shopify from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 price objective (up from $165.00) on shares of Shopify in a report on Wednesday, November 5th. DZ Bank upgraded shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Loop Capital downgraded shares of Shopify from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twenty-three have given a Hold rating to the stock. According to MarketBeat, Shopify currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.89.

Shopify Stock Down 1.5%

Shares of SHOP opened at $156.59 on Thursday. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The stock has a market cap of $203.51 billion, a PE ratio of 115.99, a P/E/G ratio of 5.87 and a beta of 2.73. The business’s 50-day moving average price is $156.67 and its 200-day moving average price is $131.61.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates 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. Analysts expect that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Shopify Company 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.