Prospera Financial Services Inc Buys 5,655 Shares of Shopify Inc. $SHOP

Prospera Financial Services Inc increased its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 30.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 24,075 shares of the software maker’s stock after acquiring an additional 5,655 shares during the period. Prospera Financial Services Inc’s holdings in Shopify were worth $2,777,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in SHOP. Family Legacy Financial Solutions LLC bought a new stake in Shopify during the second quarter worth approximately $25,000. Tradewinds Capital Management LLC lifted its stake in shares of Shopify by 71.4% in the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Shopify during the 2nd quarter worth $29,000. Smithfield Trust Co boosted its holdings in shares of Shopify by 149.2% during the 1st quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock worth $30,000 after buying an additional 188 shares during the period. Finally, Dagco Inc. acquired a new position in Shopify in the 1st quarter valued at $30,000. 69.27% of the stock is owned by institutional investors.

Shopify Stock Up 4.2%

Shares of SHOP opened at $158.88 on Tuesday. The stock’s 50-day moving average price is $155.95 and its 200 day moving average price is $131.00. The firm has a market capitalization of $206.49 billion, a price-to-earnings ratio of 117.69, a P/E/G ratio of 5.70 and a beta of 2.73. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data 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 company 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. Equities research analysts expect that Shopify Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SHOP. Cantor Fitzgerald reissued a “neutral” rating and set a $181.00 target price (up previously from $156.00) on shares of Shopify in a research report on Wednesday, November 5th. The Goldman Sachs Group lifted their price objective on Shopify from $120.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Morgan Stanley restated an “overweight” rating and set a $192.00 target price (up previously from $165.00) on shares of Shopify in a research note on Wednesday, November 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 price target (up from $180.00) on shares of Shopify in a research report on Tuesday, October 28th. Finally, Bank of America upped their price target on Shopify from $110.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and twenty-three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.89.

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.