Shopify Inc. $SHOP Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. trimmed its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,531 shares of the software maker’s stock after selling 723 shares during the quarter. Wrapmanager Inc.’s holdings in Shopify were worth $984,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sittner & Nelson LLC raised its position in Shopify by 7.2% during the 2nd quarter. Sittner & Nelson LLC now owns 1,484 shares of the software maker’s stock worth $171,000 after buying an additional 100 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Shopify by 19.9% in the second quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock worth $1,247,007,000 after acquiring an additional 1,781,530 shares during the period. Maple Capital Management Inc. acquired a new stake in shares of Shopify in the second quarter worth $224,000. PNC Financial Services Group Inc. raised its holdings in shares of Shopify by 5.9% during the second quarter. PNC Financial Services Group Inc. now owns 121,418 shares of the software maker’s stock worth $14,006,000 after purchasing an additional 6,739 shares during the last quarter. Finally, Tobam lifted its position in Shopify by 44.4% during the second quarter. Tobam now owns 816 shares of the software maker’s stock valued at $94,000 after purchasing an additional 251 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

SHOP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shopify in a research report on Tuesday. Bank of America upped their target price on Shopify from $110.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price (up from $180.00) on shares of Shopify in a report on Tuesday, October 28th. Stifel Nicolaus set a $175.00 price target on Shopify in a report on Tuesday, November 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 price objective (up previously from $165.00) on shares of Shopify in a research note on Wednesday, November 5th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $163.89.

Shopify Trading Down 6.5%

Shares of SHOP opened at $146.34 on Friday. The firm has a market cap of $190.19 billion, a P/E ratio of 108.40, a PEG ratio of 5.78 and a beta of 2.73. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19. The stock’s 50 day moving average is $156.70 and its two-hundred day moving average is $131.72.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Shopify had a return on equity of 11.72% and a net margin of 16.65%.The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Shopify Inc. will post 1.12 EPS for the current 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.