Shopify Inc. $SHOP Shares Acquired by Milestone Asset Management LLC

Milestone Asset Management LLC lifted its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 221.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 81,973 shares of the software maker’s stock after purchasing an additional 56,459 shares during the quarter. Shopify comprises approximately 1.9% of Milestone Asset Management LLC’s holdings, making the stock its 7th largest holding. Milestone Asset Management LLC’s holdings in Shopify were worth $12,157,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. NFSG Corp lifted its holdings in shares of Shopify by 4.6% during the 3rd quarter. NFSG Corp now owns 24,006 shares of the software maker’s stock valued at $3,560,000 after acquiring an additional 1,057 shares in the last quarter. Saxony Capital Management LLC lifted its stake in shares of Shopify by 11.1% during the third quarter. Saxony Capital Management LLC now owns 2,450 shares of the software maker’s stock worth $363,000 after purchasing an additional 245 shares in the last quarter. Triasima Portfolio Management inc. lifted its stake in shares of Shopify by 92.5% during the third quarter. Triasima Portfolio Management inc. now owns 101,965 shares of the software maker’s stock worth $15,148,000 after purchasing an additional 48,988 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of Shopify in the third quarter worth about $583,000. Finally, Formuepleje A S purchased a new stake in shares of Shopify in the third quarter worth about $1,042,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of SHOP stock opened at $178.14 on Friday. Shopify Inc. has a 12 month low of $94.00 and a 12 month 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 capitalization of $229.20 billion, a P/E ratio of 120.36, a P/E/G ratio of 3.56 and a beta of 2.62. The company’s fifty day moving average price is $148.86 and its two-hundred day moving average price is $127.95.

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

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst targets point to further upside. Robert W. Baird raised its price target from $160 to $190 and maintained an “outperform” rating. Jefferies also sees potential gross merchandise volume upside, supporting optimism ahead of Shopify’s next earnings report. Analyst targets and earnings outlook
• Positive Sentiment: AI commerce is strengthening Shopify’s growth narrative. Analysts are highlighting Shopify’s payments network, Shop Pay, and integrations that allow third-party AI agents—including Meta’s Muse—to complete purchases across Shopify merchants. The company’s second-quarter gross merchandise volume rose 32% year over year to $116 billion, adding to expectations for continued momentum. Shopify AI commerce infrastructure
• Positive Sentiment: Strong recent performance and cash generation are attracting holders. Shopify has gained substantially since mid-July, while commentary points to an approximately 18% free-cash-flow margin and a business that is materially larger than at its prior record close. These factors support the long-term bull case, although they may also encourage profit-taking. Shopify free cash flow margin
• Neutral Sentiment: Shopify’s API update creates implementation work for merchants and app developers. Changes affecting checkout data, metafield filters, shipping rates, and tax recalculation could require updates to custom apps and integrations. The changes are unlikely to alter Shopify’s long-term outlook but may create short-term friction. Shopify October API update
• Negative Sentiment: Valuation and caution from some analysts remain risks. A Seeking Alpha downgrade recommended waiting for a better entry point after the sharp rally. With Shopify trading at a high earnings multiple, disappointing guidance or weaker-than-expected holiday-commerce results could trigger a pullback. Shopify valuation downgrade

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SHOP. BMO Capital Markets set a $165.00 target price on Shopify and gave the company an “outperform” rating in a research note on Thursday, August 6th. Susquehanna began coverage on Shopify in a research report on Friday, July 10th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Shopify from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Seaport Research Partners restated a “buy” rating and issued a $180.00 price target on shares of Shopify in a report on Thursday, October 8th. Finally, Phillip Securities downgraded shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.37.

Shopify Profile

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.