Capula Management Ltd Buys 21,830 Shares of Shopify Inc. $SHOP

Capula Management Ltd grew its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 176.6% in the first quarter, HoldingsChannel.com reports. The firm owned 34,189 shares of the software maker’s stock after buying an additional 21,830 shares during the quarter. Capula Management Ltd’s holdings in Shopify were worth $4,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Kingdom Financial Group LLC. purchased a new position in shares of Shopify in the fourth quarter worth $26,000. Curio Wealth LLC bought a new stake in Shopify during the 4th quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Shopify during the 4th quarter valued at $29,000. Lloyd Advisory Services LLC. purchased a new stake in Shopify during the 4th quarter valued at $31,000. Finally, Lodestone Wealth Management LLC bought a new stake in Shopify in the 4th quarter worth $31,000. Institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $150.00 price objective (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. DA Davidson dropped their target price on shares of Shopify from $195.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Barclays set a $126.00 target price on Shopify and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley downgraded Shopify from an “overweight” rating to a “buy” rating in a report on Monday, July 13th. Finally, Wells Fargo & Company decreased their price objective on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.86.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Several recent articles highlighted Shopify’s strong growth profile, pointing to its ability to generate exceptional returns and calling it attractive for growth investors. 3 Reasons Why Growth Investors Shouldn’t Overlook Shopify (SHOP)
• Positive Sentiment: Analyst coverage remained upbeat overall, with reports saying Wall Street sees Shopify as a buy and consensus price targets implying meaningful upside from current levels. Wall Street Analysts See Shopify (SHOP) as a Buy: Should You Invest?
• Positive Sentiment: Another analyst-focused piece said Shopify could surge about 27.9% based on consensus estimates, suggesting expectations for continued earnings momentum. Wall Street Analysts Think Shopify (SHOP) Could Surge 27.88%: Read This Before Placing a Bet
• Neutral Sentiment: Shopify ecosystem news remained constructive, as OneMagnify earned Premier Partner status, which underscores ongoing platform adoption and partner activity. OneMagnify Achieves Shopify Premier Partner Status, Powering Measurable Growth for Global Commerce Brands
• Negative Sentiment: Offsetting the bullish commentary, Rothschild & Co Redburn downgraded Shopify from buy to hold, which likely weighed on sentiment even though its new price target still implies upside. Zacks.com
• Negative Sentiment: Separate coverage noted unusually high options volume and an earlier session where Shopify lagged the broader market, suggesting traders have been active and cautious around the stock. Shopify Sees Unusually High Options Volume (NASDAQ:SHOP)

Shopify Stock Performance

NASDAQ:SHOP opened at $112.00 on Friday. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The firm has a market cap of $145.34 billion, a P/E ratio of 110.89, a P/E/G ratio of 2.55 and a beta of 2.58. The firm has a 50-day simple moving average of $114.12 and a two-hundred day simple moving average of $122.19.

Shopify Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.