Intech Investment Management LLC Has $20.52 Million Stock Holdings in Shopify Inc. $SHOP

Intech Investment Management LLC increased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,264 shares of the software maker’s stock after purchasing an additional 21,250 shares during the quarter. Intech Investment Management LLC’s holdings in Shopify were worth $20,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHOP. Vanguard Group Inc. grew its position in shares of Shopify by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 47,962,280 shares of the software maker’s stock worth $4,563,106,000 after buying an additional 882,168 shares during the period. Jennison Associates LLC grew its holdings in Shopify by 118.1% during the 2nd quarter. Jennison Associates LLC now owns 11,519,610 shares of the software maker’s stock worth $1,328,787,000 after acquiring an additional 6,238,829 shares during the period. Geode Capital Management LLC raised its position in shares of Shopify by 19.9% during the 2nd quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock valued at $1,247,007,000 after acquiring an additional 1,781,530 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Shopify by 19.7% in the 1st quarter. Mackenzie Financial Corp now owns 8,648,734 shares of the software maker’s stock valued at $822,745,000 after purchasing an additional 1,426,406 shares during the period. Finally, Nuveen LLC bought a new position in shares of Shopify in the 1st quarter worth $667,392,000. 69.27% of the stock is owned by institutional investors.

Shopify Stock Down 0.2%

Shopify stock opened at $146.04 on Friday. The company has a 50 day moving average of $156.68 and a 200-day moving average of $132.05. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The stock has a market capitalization of $190.12 billion, a PE ratio of 108.18, a price-to-earnings-growth ratio of 5.41 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Shopify had a net margin of 16.65% and a return on equity of 11.72%. Shopify has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on SHOP shares. The Goldman Sachs Group upped their price objective on Shopify from $120.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, August 7th. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Stifel Nicolaus set a $175.00 price objective on shares of Shopify in a research note on Tuesday, November 4th. Cantor Fitzgerald restated a “neutral” rating and set a $181.00 price objective (up previously from $156.00) on shares of Shopify in a report on Wednesday, November 5th. Finally, Barclays set a $140.00 target price on shares of Shopify and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Twenty-two analysts have rated the stock with a Buy rating and twenty-four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $163.89.

Shopify 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.