Thornburg Investment Management Inc. Acquires 29,289 Shares of Shopify Inc. $SHOP

Thornburg Investment Management Inc. grew its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 20.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,686 shares of the software maker’s stock after purchasing an additional 29,289 shares during the period. Thornburg Investment Management Inc.’s holdings in Shopify were worth $19,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in Shopify by 2.8% during the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after buying an additional 584 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Shopify by 3.0% during the first quarter. Pacer Advisors Inc. now owns 10,872 shares of the software maker’s stock worth $1,038,000 after acquiring an additional 312 shares during the period. HB Wealth Management LLC raised its stake in shares of Shopify by 27.5% during the first quarter. HB Wealth Management LLC now owns 15,076 shares of the software maker’s stock valued at $1,439,000 after acquiring an additional 3,249 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Shopify in the first quarter valued at approximately $730,000. Finally, SLT Holdings LLC grew its stake in Shopify by 3.3% in the first quarter. SLT Holdings LLC now owns 5,550 shares of the software maker’s stock worth $530,000 after purchasing an additional 175 shares in the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Performance

Shares of Shopify stock opened at $157.37 on Wednesday. The company has a market capitalization of $204.87 billion, a PE ratio of 116.57, a P/E/G ratio of 5.74 and a beta of 2.73. The company has a 50-day simple moving average of $157.00 and a two-hundred day simple moving average of $135.09. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share 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 business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 target price on shares of Shopify in a research report on Wednesday, November 5th. Stifel Nicolaus set a $175.00 price objective on Shopify in a report on Tuesday, November 4th. DZ Bank raised shares of Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. DA Davidson raised their target price on shares of Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Shopify from $120.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Twenty-two equities research analysts have rated the stock with a Buy rating and twenty-three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Shopify presently has an average rating of “Hold” and a consensus price target of $165.69.

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.