Eleva Capital SAS Acquires 10,663 Shares of Shopify Inc. $SHOP

Eleva Capital SAS bought a new stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,663 shares of the software maker’s stock, valued at approximately $1,581,000. Shopify makes up 1.3% of Eleva Capital SAS’s holdings, making the stock its 17th largest position.

Other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division increased its stake in shares of Shopify by 12.2% during the third quarter. Central Pacific Bank Trust Division now owns 23,306 shares of the software maker’s stock valued at $3,456,000 after purchasing an additional 2,540 shares in the last quarter. Kennon Green & Company LLC bought a new stake in shares of Shopify in the 3rd quarter worth approximately $221,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Shopify by 5.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,751 shares of the software maker’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Roxbury Financial LLC grew its stake in shares of Shopify by 171.0% in the 3rd quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock worth $40,000 after buying an additional 171 shares during the last quarter. Finally, Confluence Investment Management LLC raised its stake in Shopify by 1.0% during the third quarter. Confluence Investment Management LLC now owns 8,904 shares of the software maker’s stock valued at $1,320,000 after buying an additional 90 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: JPMorgan raised its price target to $200 and upgraded Shopify to “overweight,” up from a $185 target. The new target implies approximately 21% upside from the referenced $165 level, providing the clearest near-term catalyst for the stock. Shopify Price Target Raised to $200
• Positive Sentiment: Recent coverage describes Shopify’s rebound through a key technical resistance level, potentially encouraging momentum-oriented investors. The company’s market capitalization has surpassed $205 billion following the rally. Shopify Stock Resistance and Rally
• Positive Sentiment: Wall Street confidence and Shopify’s investment in artificial intelligence remain supportive themes. Coverage indicates the company is seeing encouraging results from its AI initiatives, which could improve merchant tools and support future growth. Shopify AI Strategy
• Neutral Sentiment: Shopify will report third-quarter 2026 results before the market opens on November 3, followed by an 8:30 a.m. ET conference call. The announcement creates a potential catalyst, but no preliminary financial figures or updated guidance were provided. Shopify Third-Quarter Results Announcement
• Negative Sentiment: Despite the bullish JPMorgan call, the stock’s sharp advance may leave less room for upside. A reported six-month analyst median target of $147.50 is below the referenced share price, highlighting valuation and expectation risks if upcoming results fail to justify the rally. Shopify Analyst Ratings

Shopify Stock Performance

NASDAQ:SHOP traded up $5.36 on Tuesday, hitting $165.47. The stock had a trading volume of 5,364,757 shares, compared to its average volume of 10,396,271. The business’s 50-day simple moving average is $142.04 and its two-hundred day simple moving average is $124.95. The stock has a market cap of $212.90 billion, a price-to-earnings ratio of 111.80, a price-to-earnings-growth ratio of 3.13 and a beta of 2.62. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.58 billion during the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. Shopify’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. As a group, research analysts predict that Shopify Inc. will post 1.46 earnings per share for the current year.

Analysts Set New Price Targets

SHOP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on Shopify from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. BMO Capital Markets set a $165.00 price target on shares of Shopify and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $150.00 price objective on shares of Shopify and gave the company a “buy” rating in a research report on Thursday, July 9th. Citigroup restated an “outperform” rating on shares of Shopify in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group set a $180.00 price target on shares of Shopify and gave the company a “buy” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.39.

Shopify Company Profile

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.