Nvwm LLC Raises Stake in Shopify Inc. $SHOP

Nvwm LLC boosted its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 28.3% during the second quarter, HoldingsChannel reports. The firm owned 14,689 shares of the software maker’s stock after buying an additional 3,241 shares during the period. Nvwm LLC’s holdings in Shopify were worth $1,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Family Legacy Financial Solutions LLC bought a new stake in Shopify during the second quarter worth about $25,000. Tradewinds Capital Management LLC grew its stake in shares of Shopify by 71.4% in the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after acquiring an additional 100 shares during the period. Coastline Trust Co bought a new position in shares of Shopify during the 2nd quarter valued at $29,000. Smithfield Trust Co grew its stake in shares of Shopify by 149.2% during the 1st quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock valued at $30,000 after purchasing an additional 188 shares during the period. Finally, Dagco Inc. purchased a new stake in Shopify during the first quarter valued at approximately $30,000. Institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SHOP shares. JMP Securities boosted their target price on Shopify from $135.00 to $185.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 7th. The Goldman Sachs Group upped their price target on shares of Shopify from $120.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. KeyCorp boosted their target price on shares of Shopify from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Barclays set a $140.00 price objective on shares of Shopify and gave the company an “equal weight” rating in a report on Wednesday. Finally, Scotiabank upped their price objective on shares of Shopify from $150.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.89.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $156.05 on Friday. The stock’s 50-day simple moving average is $155.37 and its 200-day simple moving average is $129.48. The firm has a market capitalization of $202.81 billion, a PE ratio of 115.59, a price-to-earnings-growth ratio of 6.81 and a beta of 2.73. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Shopify had a return on equity of 11.72% and a net margin of 16.65%.The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.