Steward Partners Investment Advisory LLC Boosts Holdings in Shopify Inc. $SHOP

Steward Partners Investment Advisory LLC boosted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 34.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 51,565 shares of the software maker’s stock after purchasing an additional 13,119 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Shopify were worth $5,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new stake in Shopify during the second quarter worth about $25,000. Financial Gravity Companies Inc. acquired a new position in Shopify in the second quarter valued at approximately $27,000. Rothschild Investment LLC boosted its position in Shopify by 47.5% in the 2nd 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 grew its stake in shares of 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 purchasing an additional 100 shares during the period. Finally, Coastline Trust Co acquired a new stake in shares of Shopify during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Trading Up 1.3%

Shares of Shopify stock opened at $159.34 on Thursday. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The firm has a market capitalization of $207.44 billion, a PE ratio of 118.03, a P/E/G ratio of 5.81 and a beta of 2.73. The firm’s 50-day moving average price is $157.23 and its 200 day moving average price is $135.26.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations 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. On average, sell-side analysts predict that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SHOP shares. Evercore ISI boosted their target price on shares of Shopify from $120.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. DA Davidson upped their price objective on shares of Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. CIBC restated an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Cantor Fitzgerald restated a “neutral” rating and issued a $181.00 price target (up previously from $156.00) on shares of Shopify in a research note on Wednesday, November 5th. Finally, Bank of America increased their price target on Shopify from $110.00 to $185.00 and gave the stock a “buy” rating in a research 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 company’s stock. According to MarketBeat, Shopify has a consensus rating of “Hold” and an average target price 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.