Shopify Inc. $SHOP Stock Purchased by Davis Rea LTD.

Davis Rea LTD. grew its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the software maker’s stock after buying an additional 10,000 shares during the period. Shopify accounts for 3.4% of Davis Rea LTD.’s investment portfolio, making the stock its 10th largest position. Davis Rea LTD.’s holdings in Shopify were worth $11,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SHOP. Norris Financial Group LLC bought a new stake in shares of Shopify in the first quarter valued at approximately $1,586,000. Infusive Asset Management Inc. boosted its holdings in Shopify by 27.4% in the 1st quarter. Infusive Asset Management Inc. now owns 43,611 shares of the software maker’s stock worth $5,173,000 after buying an additional 9,374 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in Shopify by 18.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 58,044 shares of the software maker’s stock worth $6,876,000 after buying an additional 9,096 shares during the period. Ninepoint Partners LP purchased a new position in Shopify in the 2nd quarter valued at approximately $29,027,000. Finally, The Manufacturers Life Insurance Company grew its stake in Shopify by 8.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after buying an additional 660,198 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

Shopify stock traded down $2.70 during midday trading on Tuesday, reaching $176.52. 7,013,362 shares of the stock were exchanged, compared to its average volume of 10,359,124. The company’s fifty day moving average is $147.68 and its 200-day moving average is $127.08. 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 firm has a market cap of $227.12 billion, a PE ratio of 119.27, a PEG 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.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS 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 firm had revenue of $3.58 billion during the quarter. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. On average, sell-side analysts forecast that Shopify Inc. will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SHOP. National Bank Financial restated an “outperform” rating and set a $180.00 target price (up from $155.00) on shares of Shopify in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their price target on Shopify from $170.00 to $194.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. BTIG Research started coverage on Shopify in a research note on Friday, July 10th. They set a “buy” rating on the stock. BMO Capital Markets set a $165.00 price objective on Shopify and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus set a $150.00 price objective on Shopify and gave the stock a “buy” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Shopify presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.74.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Algolia launched a native Shopify B2B integration that enables account-specific search, product rankings and pricing for wholesale buyers. The functionality could improve discovery, reordering and conversion for Shopify merchants selling to businesses. Algolia Launches Native Shopify B2B Integration
• Positive Sentiment: Analyst commentary argues Shopify could become the payments and checkout infrastructure—or “settlement layer”—behind AI shopping agents rather than compete directly with them. Deutsche Bank and other investors see significant long-term potential from agentic commerce, supporting the recent rally. Shopify’s Biggest AI Fear Just Became Its Best Catalyst
• Positive Sentiment: Shopify was included among leading mobile-payments stocks as digital wallets reach 56% of global online-shopping spend, highlighting potential exposure to continued digital-payment adoption. Top Mobile Payments Stocks to Buy as Digital Wallet Adoption Soars
• Neutral Sentiment: Cantor Fitzgerald raised its Shopify price target to $158 from $145 but kept a Neutral rating. The upgrade helped lift the shares previously, though the new target remains below the reference price, limiting its bullish significance. Why Shopify Stock Is Up Today
• Neutral Sentiment: Some growth-focused investors continue to describe Shopify as a key infrastructure provider for agentic commerce. However, the stock has substantially outperformed the broader market recently, making expectations and valuation more demanding. Building the Underlying Rails for the Era of Agentic Commerce
• Negative Sentiment: Shopify’s valuation is a key risk: commentary notes that it trades at a premium to comparable growth companies, while AI-related investment could pressure profitability. The neutral Cantor rating and below-market price target reinforce concerns that much of the AI opportunity may already be priced in. Why Shopify Stock Popped

Shopify Company Profile

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.