Shopify Inc. $SHOP Stock Sold by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP cut its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 40.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,896 shares of the software maker’s stock after selling 30,232 shares during the quarter. Sustainable Growth Advisers LP’s holdings in Shopify were worth $6,510,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Evolution Wealth Management Inc. boosted its stake in shares of Shopify by 203.9% in the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after acquiring an additional 155 shares during the period. Graney & King LLC purchased a new stake in shares of Shopify during the first quarter worth about $27,000. Fortitude Family Office LLC purchased a new stake in shares of Shopify during the third quarter worth about $29,000. Roxbury Financial LLC raised its stake in Shopify by 171.0% during the 3rd quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock valued at $40,000 after purchasing an additional 171 shares during the period. Finally, Sankala Group LLC bought a new stake in Shopify during the 4th quarter valued at approximately $44,000. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. DA Davidson set a $200.00 price target on Shopify and gave the stock a “buy” rating in a report on Thursday, August 6th. The Goldman Sachs Group upped their price target on Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Piper Sandler reaffirmed an “overweight” rating on shares of Shopify in a report on Monday, October 5th. Bank of America began coverage on shares of Shopify in a research report on Tuesday, July 7th. They set a “buy” rating and a $150.00 price objective on the stock. Finally, Royal Bank Of Canada set a $180.00 price objective on shares of Shopify and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Shopify currently has an average rating of “Moderate Buy” and a consensus price target of $175.37.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst targets point to further upside. Robert W. Baird raised its price target from $160 to $190 and maintained an “outperform” rating. Jefferies also sees potential gross merchandise volume upside, supporting optimism ahead of Shopify’s next earnings report. Analyst targets and earnings outlook
• Positive Sentiment: AI commerce is strengthening Shopify’s growth narrative. Analysts are highlighting Shopify’s payments network, Shop Pay, and integrations that allow third-party AI agents—including Meta’s Muse—to complete purchases across Shopify merchants. The company’s second-quarter gross merchandise volume rose 32% year over year to $116 billion, adding to expectations for continued momentum. Shopify AI commerce infrastructure
• Positive Sentiment: Strong recent performance and cash generation are attracting holders. Shopify has gained substantially since mid-July, while commentary points to an approximately 18% free-cash-flow margin and a business that is materially larger than at its prior record close. These factors support the long-term bull case, although they may also encourage profit-taking. Shopify free cash flow margin
• Neutral Sentiment: Shopify’s API update creates implementation work for merchants and app developers. Changes affecting checkout data, metafield filters, shipping rates, and tax recalculation could require updates to custom apps and integrations. The changes are unlikely to alter Shopify’s long-term outlook but may create short-term friction. Shopify October API update
• Negative Sentiment: Valuation and caution from some analysts remain risks. A Seeking Alpha downgrade recommended waiting for a better entry point after the sharp rally. With Shopify trading at a high earnings multiple, disappointing guidance or weaker-than-expected holiday-commerce results could trigger a pullback. Shopify valuation downgrade

Shopify Trading Up 3.3%

Shares of Shopify stock opened at $178.14 on Friday. The firm has a market cap of $229.20 billion, a price-to-earnings ratio of 120.36, a PEG ratio of 3.56 and a beta of 2.62. The business has a 50-day moving average price of $148.86 and a 200-day moving average price of $127.95. 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 Inc. has a twelve month low of $94.00 and a twelve month high of $182.19.

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

Shopify 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.