Waterloo Capital L.P. Acquires New Stake in Shopify Inc. $SHOP

Waterloo Capital L.P. bought a new position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,836 shares of the software maker’s stock, valued at approximately $212,000.

Several other large investors have also recently modified their holdings of the stock. Rothschild Investment LLC grew its holdings in shares of Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Prosperity Consulting Group LLC raised its stake in shares of Shopify by 1.5% in the second quarter. Prosperity Consulting Group LLC now owns 6,011 shares of the software maker’s stock worth $693,000 after buying an additional 90 shares during the period. Hummer Financial Advisory Services Inc lifted its stake in shares of Shopify by 3.8% during the 2nd quarter. Hummer Financial Advisory Services Inc now owns 2,595 shares of the software maker’s stock valued at $299,000 after buying an additional 95 shares in the last quarter. Lakeridge Wealth Management LLC lifted its holdings in Shopify by 1.5% in the 2nd quarter. Lakeridge Wealth Management LLC now owns 6,656 shares of the software maker’s stock worth $768,000 after purchasing an additional 97 shares in the last quarter. Finally, SouthState Corp lifted its position in shares of Shopify by 3.7% in the second quarter. SouthState Corp now owns 2,768 shares of the software maker’s stock worth $319,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

SHOP has been the subject of several analyst reports. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. BMO Capital Markets upped their price target on shares of Shopify from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. BNP Paribas Exane began coverage on shares of Shopify in a research note on Monday. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their target price on Shopify from $179.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus set a $175.00 price target on Shopify in a report on Tuesday, November 4th. 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, Shopify currently has a consensus rating of “Hold” and an average target price of $165.69.

Shopify Stock Performance

Shopify stock opened at $157.37 on Wednesday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The company has a market cap of $204.87 billion, a PE ratio of 116.57, a PEG ratio of 5.74 and a beta of 2.73. The business’s 50-day simple moving average is $157.00 and its two-hundred day simple moving average is $135.09.

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

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.