Shopify Inc. $SHOP Shares Bought by VestGen Advisors LLC

VestGen Advisors LLC boosted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 89.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,589 shares of the software maker’s stock after buying an additional 17,800 shares during the quarter. VestGen Advisors LLC’s holdings in Shopify were worth $4,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Estabrook Capital Management acquired a new stake in Shopify in the 2nd quarter valued at approximately $29,000. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Shopify by 3.3% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 76,307 shares of the software maker’s stock worth $8,783,000 after buying an additional 2,467 shares during the period. West Family Investments Inc. boosted its position in shares of Shopify by 272.1% during the second quarter. West Family Investments Inc. now owns 8,082 shares of the software maker’s stock worth $932,000 after buying an additional 5,910 shares during the period. Edgewood Management LLC grew its stake in shares of Shopify by 10.5% in the second quarter. Edgewood Management LLC now owns 9,558,067 shares of the software maker’s stock valued at $1,102,523,000 after buying an additional 911,908 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Shopify by 7.4% in the 2nd quarter. Mackenzie Financial Corp now owns 9,291,485 shares of the software maker’s stock valued at $1,072,320,000 after buying an additional 642,751 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHOP has been the subject of a number of research analyst reports. DZ Bank upgraded Shopify from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Oppenheimer restated an “outperform” rating on shares of Shopify in a report on Monday. The Goldman Sachs Group increased their target price on shares of Shopify from $120.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. DA Davidson raised their price target on shares of Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Shopify from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Twenty-two investment analysts have rated the stock with a Buy rating and twenty-four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shopify has a consensus rating of “Hold” and a consensus target price of $165.69.

Shopify Price Performance

NASDAQ:SHOP opened at $158.64 on Monday. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19. The firm has a market capitalization of $206.52 billion, a PE ratio of 117.51, a price-to-earnings-growth ratio of 5.86 and a beta of 2.82. The business’s fifty day moving average price is $157.48 and its 200 day moving average price is $136.18.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its 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 business had revenue of $2.84 billion for the quarter, compared to analyst estimates 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. As a group, equities analysts anticipate that Shopify Inc. will post 1.12 EPS for the current 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.