Shopify Inc. $SHOP Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,580,597 shares of the software maker’s stock after buying an additional 165,731 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.12% of Shopify worth $235,379,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. increased 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 buying an additional 1,252,074 shares in the last quarter. The Manufacturers Life Insurance Company lifted 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 acquiring an additional 660,198 shares in the last quarter. Swiss National Bank lifted 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 acquiring an additional 876,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted 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 acquiring an additional 145,500 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted 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 valued at $414,691,000 after acquiring an additional 159,873 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Trading Down 4.8%

Shares of SHOP stock traded down $8.62 during mid-day trading on Friday, hitting $169.52. 15,243,828 shares of the company’s stock were exchanged, compared to its average volume of 10,092,316. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The stock has a 50-day simple moving average of $149.22 and a two-hundred day simple moving average of $128.24. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. The stock has a market cap of $218.11 billion, a price-to-earnings ratio of 114.54, a PEG ratio of 3.68 and a beta of 2.62.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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%. Shopify’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. Equities analysts expect that Shopify Inc. will post 1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SHOP. Morgan Stanley cut Shopify from an “overweight” rating to a “buy” rating in a research report on Monday, July 13th. Zacks Research lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Sanford C. Bernstein started coverage on shares of Shopify in a research note on Thursday, September 10th. They set an “outperform” rating and a $160.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Shopify from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Shopify in a report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $175.89.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC raised its Shopify price target to $200 from $180, citing sustained growth momentum and the possibility that the company could exceed expectations for third-quarter results and fourth-quarter guidance. RBC raises Shopify price target to $200 on sustained growth outlook
• Positive Sentiment: Analysts remain constructive ahead of earnings: Baird reportedly lifted its target to $190, while Jefferies sees potential upside from stronger gross merchandise volume. The reports reinforce expectations for solid merchant activity and additional gains. SHOP Stock Heads For 4th Green Week
• Positive Sentiment: Shopify merchants are adopting DeepLumen’s Agentic Page, an AI-powered channel that helps external AI agents discover products and complete purchases. Nearly 2,000 stores reportedly use the application, supporting the view that Shopify could become infrastructure for AI-driven commerce. Is Shopify Becoming A Real Gateway For AI Driven Commerce?
• Neutral Sentiment: Shopify’s October API update changes checkout, inventory, shipping, tax, and metafield behavior. Merchants and developers may need to update integrations, creating implementation work but potentially improving platform consistency. Shopify Marketing Agency Advisory
• Neutral Sentiment: Commentary highlights Shopify’s strong long-term returns, approximately 18% free-cash-flow margin, and recent 42% rally, while warning that the stock’s elevated valuation could lead some investors to take profits. I’d keep Shopify for its 18% free cash flow margin

Shopify Profile

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.