80,500 Shares in Shopify Inc. $SHOP Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 80,500 shares of the software maker’s stock, valued at approximately $9,549,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kingdom Financial Group LLC. purchased a new position in shares of Shopify during the fourth quarter worth about $26,000. Curio Wealth LLC bought a new position in shares of Shopify in the 4th quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shopify in the 4th quarter worth $29,000. Lodestone Wealth Management LLC purchased a new stake in shares of Shopify during the 4th quarter valued at $31,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Shopify by 82.4% during the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify shares had a strong session earlier this week, with a volume-backed jump that suggests traders are still willing to buy the dip, even as near-term earnings estimate revisions appear less supportive of immediate upside. Shopify (SHOP) Surges 6.0%: Is This an Indication of Further Gains?
• Positive Sentiment: Shopify continues to receive generally bullish Wall Street coverage, with the average brokerage recommendation leaning toward Buy, which can help support investor confidence in the stock’s longer-term growth story. Is It Worth Investing in Shopify (SHOP) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: A new Shopify-native fraud prevention app from SEON and Domaine adds to the platform’s merchant tools, but the announcement appears more incremental than materially moving for the stock. SEON and Domaine Launch New Shopify-Native Fraud Prevention App for High Growth Brands
• Neutral Sentiment: Shopify’s AI infrastructure work, including multi-provider failover for engineers, highlights operational sophistication, but it is not an immediate catalyst for shares. How Shopify built an AI stack that doesn’t care which models survive
• Negative Sentiment: Recent analysis says Shopify has fallen more than the broader market in the latest session, reflecting continued investor caution after a strong run and concerns that valuation may still be demanding. Here’s Why Shopify (SHOP) Fell More Than Broader Market
• Negative Sentiment: One article argues that Shopify’s recent rebound may not be fully justified at current levels, suggesting investors are still debating whether the stock is priced for perfection. Shopify (SHOP) Stock After Recent Rebound Is The Current Price Still Justified

Analysts Set New Price Targets

A number of research firms recently commented on SHOP. UBS Group reissued a “neutral” rating on shares of Shopify in a research note on Thursday, May 28th. Citigroup reiterated a “market outperform” rating on shares of Shopify in a research report on Thursday, June 18th. Barclays set a $126.00 target price on Shopify and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, National Bank Financial decreased their price target on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify Stock Performance

NASDAQ:SHOP opened at $111.62 on Friday. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The firm has a market cap of $144.84 billion, a PE ratio of 110.52, a price-to-earnings-growth ratio of 3.14 and a beta of 2.60. The business has a 50 day moving average price of $112.89 and a 200-day moving average price of $128.41.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping the consensus estimate of $0.22 by $998.78. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. Research analysts predict that Shopify Inc. will post 1.39 EPS for the current year.

Shopify Company Profile

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.