Shopify Inc. $SHOP Holdings Trimmed by Congress Asset Management Co.

Congress Asset Management Co. lowered its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,843 shares of the software maker’s stock after selling 33,758 shares during the period. Congress Asset Management Co. owned about 0.06% of Shopify worth $108,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in SHOP. Tsfg LLC increased its stake in shares of Shopify by 4.0% during the second quarter. Tsfg LLC now owns 2,028 shares of the software maker’s stock worth $232,000 after buying an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Shopify by 5.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,751 shares of the software maker’s stock valued at $260,000 after acquiring an additional 83 shares in the last quarter. Parr Mcknight Wealth Management Group LLC lifted its stake in Shopify by 3.1% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker’s stock worth $328,000 after acquiring an additional 84 shares during the last quarter. Caerus Investment Advisors LLC lifted its stake in Shopify by 5.6% in the first quarter. Caerus Investment Advisors LLC now owns 1,688 shares of the software maker’s stock worth $200,000 after acquiring an additional 90 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in Shopify by 1.0% during the 3rd quarter. Confluence Investment Management LLC now owns 8,904 shares of the software maker’s stock worth $1,320,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

Shares of SHOP stock traded up $4.33 during midday trading on Tuesday, reaching $164.44. 9,777,036 shares of the company traded hands, compared to its average volume of 10,421,250. The firm’s 50 day simple moving average is $142.04 and its two-hundred day simple moving average is $124.95. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The firm has a market cap of $211.58 billion, a PE ratio of 111.11, a price-to-earnings-growth ratio of 3.13 and a beta of 2.62.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $3.58 billion for the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The business’s revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, equities research analysts expect that Shopify Inc. will post 1.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup reissued an “outperform” rating on shares of Shopify in a research report on Thursday, August 6th. BTIG Research started coverage on shares of Shopify in a research report on Friday, July 10th. They set a “buy” rating for the company. DZ Bank downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. The Goldman Sachs Group increased their target price on Shopify from $170.00 to $194.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, National Bank Financial restated an “outperform” rating and issued a $180.00 price target (up from $155.00) on shares of Shopify in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Shopify presently has an average rating of “Moderate Buy” and a consensus price target of $172.39.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: JPMorgan raised its price target to $200 and maintained an “overweight” rating, signaling confidence in Shopify’s growth prospects and implying substantial upside from recent trading levels. Shopify Price Target Raised to $200
• Positive Sentiment: Investors highlighted Shopify’s above-average financial growth. The company reported approximately $3.6 billion in second-quarter revenue, up about 33.7% year over year, reinforcing the growth-stock narrative. 3 Reasons Growth Investors Will Love Shopify
• Positive Sentiment: Cooling labor-market data reduced expectations for an October Federal Reserve rate increase. Lower-for-longer interest-rate expectations can support high-growth technology stocks by improving the outlook for future earnings valuations. Why Shopify Stock Is Trading Up Today
• Positive Sentiment: Shopify’s recent rally has pushed the stock above a notable technical resistance level and near its highest level since January, reflecting strong momentum and renewed investor interest. Shopify Stock Has Crossed a Crucial Resistance
• Neutral Sentiment: Shopify will release third-quarter 2026 results before markets open on November 3, followed by an 8:30 a.m. ET conference call. The announcement gives investors a near-term catalyst, but no preliminary results or guidance were provided. Shopify to Announce Third-Quarter 2026 Results
• Negative Sentiment: Valuation remains a risk after the rally: Shopify trades at a high earnings multiple, while some published analyst targets remain below the current market level. Any slowdown in growth or disappointing third-quarter guidance could therefore trigger volatility.

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.