Genus Capital Management Inc. Has $16.59 Million Position in Shopify Inc. $SHOP

Genus Capital Management Inc. grew its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,085 shares of the software maker’s stock after purchasing an additional 9,280 shares during the period. Shopify makes up 2.1% of Genus Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. Genus Capital Management Inc.’s holdings in Shopify were worth $16,585,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Shopify by 1.9% during the first quarter. Vanguard Group Inc. now owns 47,962,280 shares of the software maker’s stock worth $4,563,106,000 after buying an additional 882,168 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Shopify by 118.1% in the 2nd quarter. Jennison Associates LLC now owns 11,519,610 shares of the software maker’s stock valued at $1,328,787,000 after acquiring an additional 6,238,829 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Shopify by 19.7% during the 1st quarter. Mackenzie Financial Corp now owns 8,648,734 shares of the software maker’s stock valued at $822,745,000 after acquiring an additional 1,426,406 shares during the last quarter. Nuveen LLC purchased a new position in shares of Shopify during the first quarter worth about $667,392,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Shopify by 34.4% during the first quarter. Canada Pension Plan Investment Board now owns 5,943,409 shares of the software maker’s stock worth $565,504,000 after purchasing an additional 1,522,573 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

SHOP stock opened at $160.94 on Wednesday. The firm has a market cap of $209.17 billion, a P/E ratio of 89.91, a P/E/G ratio of 8.10 and a beta of 2.73. The firm’s fifty day moving average is $154.62 and its 200 day moving average is $129.05. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Shopify had a net margin of 23.42% and a return on equity of 12.30%. Shopify has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Shopify Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

SHOP has been the subject of several research analyst reports. TD Cowen reiterated a “hold” rating and set a $156.00 target price on shares of Shopify in a research report on Friday, October 3rd. Morgan Stanley restated an “overweight” rating on shares of Shopify in a research report on Wednesday. Evercore ISI lifted their price objective on shares of Shopify from $120.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. BMO Capital Markets upped their target price on shares of Shopify from $120.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC restated a “buy” rating on shares of Shopify in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $157.38.

About Shopify

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.