Shopify Inc. $SHOP Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,700 shares of the software maker’s stock after selling 39,200 shares during the quarter. Forsta AP Fonden’s holdings in Shopify were worth $36,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SHOP. Family Legacy Financial Solutions LLC purchased a new stake in shares of Shopify in the 2nd quarter valued at approximately $25,000. Tradewinds Capital Management LLC lifted its holdings in Shopify by 71.4% during the 2nd 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 acquired a new position in shares of Shopify during the 2nd quarter worth about $29,000. Smithfield Trust Co boosted its position 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 acquiring an additional 188 shares in the last quarter. Finally, Dagco Inc. acquired a new stake in shares of Shopify during the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

SHOP stock opened at $158.94 on Wednesday. The stock has a market capitalization of $206.57 billion, a PE ratio of 117.73, a price-to-earnings-growth ratio of 5.87 and a beta of 2.73. The company has a fifty day moving average of $156.34 and a 200-day moving average of $131.44. Shopify Inc. has a one year low of $69.84 and a one year 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 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 11.72%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. Equities analysts forecast that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SHOP has been the topic of several recent analyst reports. DA Davidson increased their price target on shares of Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. National Bankshares increased their target price on shares of Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. 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 research report on Friday, August 8th. Bank of America upped their price objective on shares of Shopify from $110.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Finally, UBS Group reiterated a “neutral” rating and set a $165.00 target price (up previously from $145.00) on shares of Shopify in a research report on Wednesday, November 5th. One investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.