GM Advisory Group LLC Boosts Position in Shopify Inc. $SHOP

GM Advisory Group LLC raised its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 15.3% during the 2nd quarter, Holdings Channel reports. The firm owned 11,546 shares of the software maker’s stock after acquiring an additional 1,534 shares during the quarter. GM Advisory Group LLC’s holdings in Shopify were worth $1,332,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Thornburg Investment Management Inc. lifted its holdings in shares of Shopify by 20.4% in the second quarter. Thornburg Investment Management Inc. now owns 172,686 shares of the software maker’s stock valued at $19,919,000 after purchasing an additional 29,289 shares in the last quarter. Choreo LLC lifted its stake in shares of Shopify by 3.1% during the second quarter. Choreo LLC now owns 33,981 shares of the software maker’s stock valued at $3,920,000 after buying an additional 1,029 shares during the period. Northwest & Ethical Investments L.P. grew its stake in Shopify by 5.3% in the 2nd quarter. Northwest & Ethical Investments L.P. now owns 221,168 shares of the software maker’s stock worth $25,435,000 after acquiring an additional 11,139 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Shopify by 6.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,576,336 shares of the software maker’s stock worth $181,568,000 after purchasing an additional 95,897 shares during the period. Finally, Columbus Hill Capital Management L.P. acquired a new stake in Shopify in the 2nd quarter worth about $5,410,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SHOP shares. UBS Group reaffirmed a “neutral” rating and set a $165.00 price target (up from $145.00) on shares of Shopify in a research report on Wednesday, November 5th. BNP Paribas Exane started coverage on Shopify in a research report on Monday. They issued a “neutral” rating for the company. Atb Cap Markets downgraded Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 6th. DZ Bank upgraded Shopify from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Twenty-two equities research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $165.69.

Shopify Stock Performance

Shopify stock opened at $159.34 on Thursday. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19. The firm’s 50-day moving average is $157.23 and its 200-day moving average is $135.26. The company has a market cap of $207.44 billion, a P/E ratio of 118.03, a PEG ratio of 5.81 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data 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 net margin of 16.65% and a return on equity of 11.72%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Shopify Inc. will post 1.12 earnings per share 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.