Choreo LLC Sells 5,434 Shares of Shopify Inc. $SHOP

Choreo LLC reduced its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 16.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,402 shares of the software maker’s stock after selling 5,434 shares during the quarter. Choreo LLC’s holdings in Shopify were worth $4,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. raised its stake in shares of Shopify by 29.2% in the third quarter. China Universal Asset Management Co. Ltd. now owns 51,326 shares of the software maker’s stock worth $7,610,000 after purchasing an additional 11,604 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Shopify by 1.3% during the third quarter. D.A. Davidson & CO. now owns 180,786 shares of the software maker’s stock worth $26,811,000 after purchasing an additional 2,313 shares during the period. WPG Advisers LLC lifted its holdings in shares of Shopify by 159.6% during the third quarter. WPG Advisers LLC now owns 462 shares of the software maker’s stock worth $69,000 after purchasing an additional 284 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in Shopify in the third quarter valued at approximately $32,000. Finally, William Mack & Associates Inc. purchased a new stake in Shopify in the third quarter valued at approximately $71,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays set a $145.00 price objective on shares of Shopify and gave the company an “equal weight” rating in a report on Thursday, August 6th. Truist Financial set a $180.00 target price on Shopify and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wedbush reissued an “outperform” rating and issued a $176.00 price target on shares of Shopify in a report on Wednesday, September 23rd. Benchmark boosted their target price on shares of Shopify from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, BTIG Research assumed coverage on shares of Shopify in a report on Friday, July 10th. They set a “buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.79.

Shopify Stock Down 5.6%

SHOP opened at $157.49 on Friday. The company has a market cap of $202.63 billion, a PE ratio of 106.41, a price-to-earnings-growth ratio of 3.25 and a beta of 2.62. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $180.88. The company has a 50-day moving average price of $152.78 and a 200 day moving average price of $130.26. 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 posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The company had revenue of $3.58 billion during the quarter. During the same quarter last year, the firm posted $0.69 earnings per share. Shopify’s quarterly revenue was up 33.7% on a year-over-year basis. Sell-side analysts expect that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Shopify Profile

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.