GC Wealth Management RIA LLC Decreases Holdings in Shopify Inc. $SHOP

GC Wealth Management RIA LLC decreased its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 27.8% during the 1st quarter, Holdings Channel reports. The firm owned 32,015 shares of the software maker’s stock after selling 12,316 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Shopify were worth $3,798,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kingdom Financial Group LLC. purchased a new position in Shopify in the 4th quarter valued at about $26,000. Curio Wealth LLC purchased a new stake in Shopify during the 4th quarter worth approximately $27,000. Evolution Wealth Management Inc. increased its stake in Shopify by 203.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after buying an additional 155 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Shopify during the fourth quarter valued at approximately $29,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Shopify during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Key Headlines Impacting Shopify

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)

Wall Street Analysts Forecast Growth

SHOP has been the topic of several research reports. Susquehanna began coverage on Shopify in a research report on Friday, July 10th. They issued a “neutral” rating on the stock. Rothschild & Co Redburn set a $130.00 price objective on Shopify and gave the company a “neutral” rating in a research note on Tuesday. Jefferies Financial Group upgraded Shopify from a “hold” rating to a “buy” rating and raised their price objective for the company from $140.00 to $160.00 in a report on Sunday, July 12th. Zacks Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Bank of America began coverage on shares of Shopify in a research report on Tuesday, July 7th. They issued a “buy” rating and a $150.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.86.

Shopify Trading Down 5.4%

Shares of SHOP opened at $112.00 on Friday. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19. The firm has a market capitalization 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 moving average price of $114.12 and a 200 day moving average price of $122.19.

About Shopify

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.