TIAA Trust National Association Cuts Position in Shopify Inc. $SHOP

TIAA Trust National Association decreased its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 97.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,172 shares of the software maker’s stock after selling 147,263 shares during the quarter. TIAA Trust National Association’s holdings in Shopify were worth $481,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Family Legacy Financial Solutions LLC purchased a new stake in shares of Shopify in the second quarter valued at approximately $25,000. Tradewinds Capital Management LLC increased its holdings in Shopify by 71.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Coastline Trust Co acquired a new position in Shopify during the second quarter worth $29,000. Global Wealth Strategies & Associates lifted its holdings in Shopify by 182.8% during the second quarter. Global Wealth Strategies & Associates now owns 263 shares of the software maker’s stock valued at $30,000 after purchasing an additional 170 shares in the last quarter. Finally, Smithfield Trust Co lifted its holdings in Shopify by 149.2% during the first quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock valued at $30,000 after purchasing an additional 188 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Shopify from $179.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays set a $140.00 target price on Shopify and gave the company an “equal weight” rating in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $185.00 price target (up from $160.00) on shares of Shopify in a research note on Tuesday. Zacks Research raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, KeyCorp lifted their target price on shares of Shopify from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.89.

Shopify Stock Up 1.2%

Shares of SHOP opened at $162.92 on Thursday. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19. The stock has a fifty day simple moving average of $155.08 and a two-hundred day simple moving average of $129.29. The company has a market capitalization of $211.74 billion, a PE ratio of 120.68, a price-to-earnings-growth ratio of 7.53 and a beta of 2.73.

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

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.