Shopify Inc. $SHOP Stake Increased by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 10.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 31,866 shares of the software maker’s stock after purchasing an additional 2,940 shares during the quarter. Quadrant Capital Group LLC’s holdings in Shopify were worth $4,726,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in shares of Shopify in the 3rd quarter worth approximately $29,000. Graney & King LLC bought a new stake in shares of Shopify in the 1st quarter valued at $27,000. Evolution Wealth Management Inc. increased its position in shares of Shopify by 203.9% during the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after buying an additional 155 shares during the period. Trellis Wealth Advisors LLC acquired a new stake in shares of Shopify during the third quarter worth $37,000. Finally, Roxbury Financial LLC increased its position in shares of Shopify by 171.0% during the third quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock worth $40,000 after buying an additional 171 shares during the period. Institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of SHOP stock opened at $173.48 on Wednesday. The company has a market cap of $223.21 billion, a price-to-earnings ratio of 117.22, a price-to-earnings-growth ratio of 3.53 and a beta of 2.62. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. 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 firm has a 50 day moving average of $149.95 and a 200-day moving average of $129.12.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The company had revenue of $3.58 billion during the quarter. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 33.7% compared to the same quarter last year. On average, equities analysts forecast that Shopify Inc. will post 1.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SHOP shares. Deutsche Bank Aktiengesellschaft lifted their target price 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. Wells Fargo & Company reaffirmed 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. The Goldman Sachs Group upped their price target on shares of Shopify from $170.00 to $194.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price target (up from $180.00) on shares of Shopify in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.89.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst optimism and earnings outlook: Zacks upgraded Shopify to a #1 (Strong Buy) rating, citing improving earnings prospects. Other coverage points to expected revenue growth of approximately 31.5% this year, rising earnings estimates and expanding enterprise relationships with brands such as Dior and Clinique. Shopify rating upgrade article
• Positive Sentiment: AI and platform expansion: Shopify is supported by Vercel Shop’s open-source Next.js integration, enabling merchants to build AI-focused storefronts and use shopping agents for product discovery and checkout. Shopify’s AI tools and Platinum membership in the PyTorch Foundation reinforce its strategy to improve merchant productivity. Shopify AI storefront integration article
• Positive Sentiment: Institutional support: Carnegie Investment Counsel increased its Shopify position by 3.2% to 115,804 shares, a modest signal of continued institutional confidence. Carnegie Investment Counsel Shopify holdings article
• Neutral Sentiment: Product development: Shopify POS reportedly added a Smart Grid feature that recommends and optimizes tiles using sales data and usage frequency, potentially improving merchant workflow and platform engagement.
• Negative Sentiment: Valuation and profit-taking risk: Shopify has rallied about 35% in a month and trades at a high earnings multiple. Commentary increasingly asks whether investors should take profits rather than add exposure, raising the likelihood of volatility or a pullback despite strong long-term growth expectations. Shopify rally and valuation article

Shopify 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.