Shopify Inc. $SHOP Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 39.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,465 shares of the software maker’s stock after purchasing an additional 68,311 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Shopify were worth $27,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nvwm LLC increased its stake in Shopify by 28.3% during the 2nd quarter. Nvwm LLC now owns 14,689 shares of the software maker’s stock valued at $1,694,000 after buying an additional 3,241 shares during the period. Bryn Mawr Trust Advisors LLC increased its stake in shares of Shopify by 4.3% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 13,124 shares of the software maker’s stock valued at $1,514,000 after acquiring an additional 540 shares during the period. Texas Yale Capital Corp. raised its holdings in Shopify by 0.7% during the second quarter. Texas Yale Capital Corp. now owns 117,792 shares of the software maker’s stock worth $13,587,000 after purchasing an additional 809 shares in the last quarter. Modera Wealth Management LLC lifted its position in Shopify by 17.0% in the second quarter. Modera Wealth Management LLC now owns 2,678 shares of the software maker’s stock worth $309,000 after purchasing an additional 389 shares during the period. Finally, Soltis Investment Advisors LLC increased its position in shares of Shopify by 16.7% during the 2nd quarter. Soltis Investment Advisors LLC now owns 6,908 shares of the software maker’s stock valued at $797,000 after purchasing an additional 988 shares during the period. Institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. KeyCorp upped their price objective on Shopify from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on Shopify from $179.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday. Phillip Securities cut shares of Shopify from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 12th. Evercore ISI boosted their price target on shares of Shopify from $120.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, National Bankshares raised their price objective on shares of Shopify from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.89.

Shopify Price Performance

Shares of SHOP stock opened at $154.51 on Friday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The stock’s 50-day moving average is $155.37 and its two-hundred day moving average is $129.48. The firm has a market cap of $200.81 billion, a P/E ratio of 114.45, a PEG ratio of 6.81 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate 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, research analysts expect that Shopify Inc. will post 1.12 EPS for the current year.

About Shopify

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.