EFG Asset Management North America Corp. Sells 5,552 Shares of Shopify Inc. $SHOP

EFG Asset Management North America Corp. cut its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 18.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,143 shares of the software maker’s stock after selling 5,552 shares during the period. EFG Asset Management North America Corp.’s holdings in Shopify were worth $2,899,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SHOP. Vanguard Group Inc. grew its position in shares of Shopify by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 47,962,280 shares of the software maker’s stock worth $4,563,106,000 after buying an additional 882,168 shares during the period. Jennison Associates LLC raised its position in shares of Shopify by 118.1% in the 2nd quarter. Jennison Associates LLC now owns 11,519,610 shares of the software maker’s stock valued at $1,328,787,000 after acquiring an additional 6,238,829 shares during the period. Mackenzie Financial Corp boosted its stake in Shopify by 19.7% during the 1st quarter. Mackenzie Financial Corp now owns 8,648,734 shares of the software maker’s stock worth $822,745,000 after acquiring an additional 1,426,406 shares during the last quarter. Nuveen LLC acquired a new position in Shopify during the first quarter valued at approximately $667,392,000. Finally, Canada Pension Plan Investment Board increased its stake in Shopify by 34.4% in the first quarter. Canada Pension Plan Investment Board now owns 5,943,409 shares of the software maker’s stock valued at $565,504,000 after purchasing an additional 1,522,573 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Price Performance

Shares of Shopify stock opened at $162.92 on Thursday. The firm has a market cap of $211.74 billion, a price-to-earnings ratio of 120.68, a price-to-earnings-growth ratio of 7.53 and a beta of 2.73. The stock’s 50-day moving average is $155.08 and its 200-day moving average is $129.29. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. Shopify had a return on equity of 11.95% and a net margin of 16.65%. Shopify has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Shopify Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SHOP. Wedbush reissued an “outperform” rating and set a $185.00 price target (up from $160.00) on shares of Shopify in a research report on Tuesday. National Bankshares raised their price objective on Shopify from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. JMP Securities boosted their target price on Shopify from $135.00 to $185.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. ATB Capital downgraded Shopify to a “sector perform” rating in a report on Thursday, August 7th. Finally, TD Securities lifted their price objective on Shopify from $130.00 to $156.00 and gave the company a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twenty-two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.89.

Shopify 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.