Himension Capital Singapore PTE. LTD. Takes $1.02 Million Position in Shopify Inc. $SHOP

Himension Capital Singapore PTE. LTD. purchased a new stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,819 shares of the software maker’s stock, valued at approximately $1,017,000.

A number of other large investors have also recently made changes to their positions in SHOP. Family Legacy Financial Solutions LLC purchased a new position in shares of Shopify in the 2nd quarter valued at approximately $25,000. Financial Gravity Companies Inc. purchased a new stake in Shopify in the second quarter worth $27,000. Rothschild Investment LLC raised its holdings in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Shopify by 71.4% during the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock valued at $28,000 after buying an additional 100 shares during the period. Finally, Coastline Trust Co bought a new stake in shares of Shopify during the 2nd quarter valued at $29,000. 69.27% of the stock is currently owned by institutional investors.

Shopify Stock Up 1.3%

Shares of NASDAQ:SHOP opened at $157.37 on Wednesday. The stock has a market capitalization of $204.87 billion, a P/E ratio of 116.57, a PEG ratio of 5.74 and a beta of 2.73. The firm has a fifty day simple moving average of $157.00 and a two-hundred day simple moving average of $135.09. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. On average, analysts expect that Shopify Inc. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho increased their price target on shares of Shopify from $85.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Stifel Nicolaus set a $175.00 target price on shares of Shopify in a report on Tuesday, November 4th. Zacks Research cut Shopify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Atb Cap Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $200.00 target price (up previously from $180.00) on shares of Shopify in a report on Tuesday, October 28th. Twenty-two investment analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $165.69.

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.