Shopify Inc. $SHOP Shares Newly Bought by Nightview Capital LLC

Nightview Capital LLC bought a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the third quarter, Holdings Channel.com reports. The firm bought 33,180 shares of the software maker’s stock, valued at approximately $4,921,000. Shopify accounts for approximately 3.7% of Nightview Capital LLC’s holdings, making the stock its 12th largest holding.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Shopify by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after purchasing an additional 660,198 shares in the last quarter. Swiss National Bank raised its position in Shopify by 27.0% in the 1st quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock worth $487,580,000 after purchasing an additional 876,100 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Shopify by 4.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock worth $436,356,000 after purchasing an additional 145,500 shares during the last quarter. Bank of New York Mellon Corp raised its position in Shopify by 4.8% in the 1st quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock worth $414,691,000 after purchasing an additional 159,873 shares during the last quarter. Finally, Amova Asset Management Americas Inc. raised its position in Shopify by 5.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock worth $410,219,000 after purchasing an additional 165,080 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst optimism and earnings outlook: Zacks upgraded Shopify to a #1 (Strong Buy) rating, citing improving earnings prospects. Other coverage points to expected revenue growth of approximately 31.5% this year, rising earnings estimates and expanding enterprise relationships with brands such as Dior and Clinique. Shopify rating upgrade article
• Positive Sentiment: AI and platform expansion: Shopify is supported by Vercel Shop’s open-source Next.js integration, enabling merchants to build AI-focused storefronts and use shopping agents for product discovery and checkout. Shopify’s AI tools and Platinum membership in the PyTorch Foundation reinforce its strategy to improve merchant productivity. Shopify AI storefront integration article
• Positive Sentiment: Institutional support: Carnegie Investment Counsel increased its Shopify position by 3.2% to 115,804 shares, a modest signal of continued institutional confidence. Carnegie Investment Counsel Shopify holdings article
• Neutral Sentiment: Product development: Shopify POS reportedly added a Smart Grid feature that recommends and optimizes tiles using sales data and usage frequency, potentially improving merchant workflow and platform engagement.
• Negative Sentiment: Valuation and profit-taking risk: Shopify has rallied about 35% in a month and trades at a high earnings multiple. Commentary increasingly asks whether investors should take profits rather than add exposure, raising the likelihood of volatility or a pullback despite strong long-term growth expectations. Shopify rally and valuation article

Shopify Stock Up 1.4%

Shares of NASDAQ SHOP opened at $173.48 on Wednesday. The firm has a market capitalization of $223.21 billion, a PE ratio of 117.22, a price-to-earnings-growth ratio of 3.53 and a beta of 2.62. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The firm’s 50-day moving average is $149.95 and its 200-day moving average is $129.12.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The company 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%. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. Equities analysts expect that Shopify Inc. will post 1.46 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on SHOP shares. BMO Capital Markets set a $165.00 price objective on Shopify and gave the stock an “outperform” rating in a report on Thursday, August 6th. UBS Group reissued a “neutral” rating and issued a $145.00 target price (up from $130.00) on shares of Shopify in a research note on Thursday, August 6th. Zacks Research raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 16th. Seaport Research Partners restated a “buy” rating and set a $180.00 target price on shares of Shopify in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on Shopify from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average price target of $175.89.

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.