Bell Bank Buys 4,496 Shares of Shopify Inc. $SHOP

Bell Bank purchased a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,496 shares of the software maker’s stock, valued at approximately $667,000.

Several other hedge funds have also recently modified their holdings of SHOP. Carnegie Investment Counsel raised its holdings in shares of Shopify by 3.2% during the third quarter. Carnegie Investment Counsel now owns 115,804 shares of the software maker’s stock worth $17,174,000 after purchasing an additional 3,636 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Shopify by 53.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 276 shares of the software maker’s stock valued at $41,000 after buying an additional 96 shares during the period. Blue Jean Financial LLC acquired a new position in shares of Shopify in the 3rd quarter valued at about $3,482,000. Prime Capital Investment Advisors LLC lifted its holdings in shares of Shopify by 52.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 23,251 shares of the software maker’s stock valued at $3,448,000 after buying an additional 7,993 shares during the period. Finally, Net Worth Advisory Group boosted its stake in shares of Shopify by 21.8% in the third quarter. Net Worth Advisory Group now owns 3,275 shares of the software maker’s stock worth $488,000 after buying an additional 587 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify received a Zacks Rank #1 (Strong Buy), reflecting rising earnings estimates and improving expectations for the company’s financial performance. Revenue is projected to grow approximately 31.5% this year. Zacks rating upgrade article
• Positive Sentiment: Analysts highlighted strong revenue prospects, expanding enterprise relationships with brands such as Dior and Clinique, and increasing adoption of Shopify’s AI tools. The company’s Platinum membership in the PyTorch Foundation further supports its positioning in AI-enabled commerce. Analyst upgrades article
• Positive Sentiment: Shopify is now supported by Vercel Shop’s open-source Next.js integration, enabling merchants to build customized AI storefronts with AI shopping-agent capabilities for product discovery and checkout. This could expand Shopify’s appeal to developers and larger merchants. Vercel Shop integration article
• Positive Sentiment: A new Shopify POS Smart Grid feature can recommend and optimize tiles using sales data and usage frequency, potentially improving merchant efficiency and product engagement. Shopify POS feature article
• Neutral Sentiment: Despite strong execution, AI momentum, and recent outperformance, commentary cautioned that Shopify’s roughly 35% monthly rally and premium valuation make the stock’s risk-reward balance more difficult, with investors weighing further gains against taking profits. Shopify rally valuation article

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective (up from $135.00) on shares of Shopify in a research note on Wednesday, August 5th. Sanford C. Bernstein began coverage on shares of Shopify in a research note on Thursday, September 10th. They issued an “outperform” rating and a $160.00 target price for the company. Phillip Securities downgraded shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 price target (up from $180.00) on shares of Shopify in a report on Friday. Finally, Wells Fargo & Company restated an “overweight” rating and set a $180.00 price target (up from $144.00) on shares of Shopify in a research report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $175.89.

Shopify Stock Performance

NASDAQ:SHOP opened at $173.48 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. The stock has a market capitalization of $223.21 billion, a PE ratio of 117.22, a P/E/G ratio of 3.53 and a beta of 2.62. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The company has a fifty day moving average of $149.95 and a two-hundred day moving average of $129.12.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results 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 was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. As a group, research analysts forecast that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Shopify Company Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.