Hillsdale Investment Management Inc. Has $77.33 Million Stake in Shopify Inc. $SHOP

Hillsdale Investment Management Inc. decreased its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 479,434 shares of the software maker’s stock after selling 57,379 shares during the quarter. Shopify comprises about 2.1% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 5th largest holding. Hillsdale Investment Management Inc.’s holdings in Shopify were worth $77,333,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Kingdom Financial Group LLC. purchased a new stake in Shopify in the 4th quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Shopify in the fourth quarter worth about $29,000. Lodestone Wealth Management LLC bought a new stake in shares of Shopify in the fourth quarter worth about $31,000. Sound Income Strategies LLC increased its holdings in shares of Shopify by 82.4% in the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after purchasing an additional 89 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Shopify in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: UBS said Shopify’s point-of-sale business could become a much bigger long-term growth driver than the market currently assumes, adding to gross merchandise value and profit growth over the next decade. The note reinforces the idea that Shopify’s in-store commerce and retail tools can expand beyond its core e-commerce platform.
• Positive Sentiment: Shopify also benefited from a broader rebound in software names after strong results from companies like Snowflake and Okta eased fears that AI would disrupt subscription software models. That improving sentiment has helped lift investor appetite for software stocks, including SHOP.
• Positive Sentiment: Recent coverage also highlighted Shopify’s strong B2B momentum, with Q1 B2B gross merchandise value reportedly up 80% year over year, suggesting another avenue for enterprise growth and supporting the bullish case for the stock.
• Neutral Sentiment: Reddit’s expanded Shopify integration, now generally available for merchants, could indirectly support Shopify’s ecosystem by making it easier for merchants to advertise and sell through Reddit. While this is more directly a positive for Reddit, it underscores Shopify’s role as a commerce platform connected to more marketing channels.
• Neutral Sentiment: Other recent articles pointed to AI-related merchant tools and app integrations, such as EZ Texting, which may improve Shopify’s value proposition over time but are not immediate stock-moving catalysts on their own.

Shopify Price Performance

Shares of NASDAQ SHOP opened at $118.71 on Friday. The business’s 50 day moving average is $114.71 and its two-hundred day moving average is $134.06. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The stock has a market capitalization of $154.04 billion, a P/E ratio of 117.54, a PEG ratio of 3.22 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. As a group, equities research analysts anticipate that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SHOP has been the topic of several research reports. Mizuho raised Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Thursday, February 12th. Robert W. Baird set a $150.00 target price on Shopify in a report on Wednesday, May 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Shopify in a report on Wednesday, May 6th. ATB Cormark Capital Markets raised Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Finally, Arete Research set a $175.00 target price on Shopify in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.17.

About Shopify

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.