Shopify Inc. $SHOP Stake Reduced by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC reduced its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 61.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,114 shares of the software maker’s stock after selling 6,546 shares during the period. Cornerstone Enterprises LLC’s holdings in Shopify were worth $610,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in Shopify by 9.8% during the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after acquiring an additional 1,252,074 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Shopify by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after purchasing an additional 660,198 shares during the last quarter. Swiss National Bank grew its position in shares of Shopify by 27.0% in the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock valued at $487,580,000 after purchasing an additional 876,100 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Shopify by 4.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock valued at $436,356,000 after purchasing an additional 145,500 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Shopify by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock worth $414,691,000 after purchasing an additional 159,873 shares during the period. 69.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SHOP has been the subject of several research reports. Truist Financial set a $180.00 price target on Shopify and gave the stock a “buy” rating in a report on Wednesday, August 5th. Stifel Nicolaus set a $210.00 price target on Shopify and gave the company a “buy” rating in a research note on Wednesday. Mizuho set a $180.00 price objective on Shopify in a report on Thursday, September 24th. Benchmark increased their price objective on Shopify from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Rosenblatt Securities initiated coverage on Shopify in a research report on Thursday, August 20th. They set a “buy” rating and a $175.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.37.

Shopify Stock Up 3.3%

Shares of SHOP opened at $178.14 on Friday. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The firm’s 50 day moving average is $148.86 and its 200-day moving average is $127.95. The stock has a market capitalization of $229.20 billion, a PE ratio of 139.11, a P/E/G ratio of 3.56 and a beta of 2.62. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $3.58 billion during the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The company’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. Equities research analysts forecast that Shopify Inc. will post 1.46 EPS for the current year.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst targets point to further upside. Robert W. Baird raised its price target from $160 to $190 and maintained an “outperform” rating. Jefferies also sees potential gross merchandise volume upside, supporting optimism ahead of Shopify’s next earnings report. Analyst targets and earnings outlook
• Positive Sentiment: AI commerce is strengthening Shopify’s growth narrative. Analysts are highlighting Shopify’s payments network, Shop Pay, and integrations that allow third-party AI agents—including Meta’s Muse—to complete purchases across Shopify merchants. The company’s second-quarter gross merchandise volume rose 32% year over year to $116 billion, adding to expectations for continued momentum. Shopify AI commerce infrastructure
• Positive Sentiment: Strong recent performance and cash generation are attracting holders. Shopify has gained substantially since mid-July, while commentary points to an approximately 18% free-cash-flow margin and a business that is materially larger than at its prior record close. These factors support the long-term bull case, although they may also encourage profit-taking. Shopify free cash flow margin
• Neutral Sentiment: Shopify’s API update creates implementation work for merchants and app developers. Changes affecting checkout data, metafield filters, shipping rates, and tax recalculation could require updates to custom apps and integrations. The changes are unlikely to alter Shopify’s long-term outlook but may create short-term friction. Shopify October API update
• Negative Sentiment: Valuation and caution from some analysts remain risks. A Seeking Alpha downgrade recommended waiting for a better entry point after the sharp rally. With Shopify trading at a high earnings multiple, disappointing guidance or weaker-than-expected holiday-commerce results could trigger a pullback. Shopify valuation downgrade

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.