Shopify Inc. $SHOP Holdings Boosted by Milestone Asset Management LLC

Milestone Asset Management LLC grew its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 221.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,973 shares of the software maker’s stock after buying an additional 56,459 shares during the quarter. Shopify accounts for about 1.9% of Milestone Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Milestone Asset Management LLC’s holdings in Shopify were worth $12,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. increased its stake in shares of Shopify by 203.9% in 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 last quarter. Graney & King LLC bought a new position in Shopify during the 1st quarter valued at $27,000. Fortitude Family Office LLC bought a new position in Shopify during the 3rd quarter valued at $29,000. Roxbury Financial LLC boosted its stake in Shopify by 171.0% during the 3rd quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock valued at $40,000 after acquiring an additional 171 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in Shopify during the 4th quarter worth $44,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SHOP shares. Wedbush reissued an “outperform” rating and issued a $176.00 target price on shares of Shopify in a research report on Wednesday, September 23rd. Robert W. Baird upped their target price on shares of Shopify from $160.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday. Cantor Fitzgerald increased their price target on shares of Shopify from $145.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday. DZ Bank cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Shopify from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Shopify presently has an average rating of “Moderate Buy” and an average target price of $175.37.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst targets point to further upside. Robert W. Baird raised its price target from $160 to $190 and maintained an “outperform” rating. Jefferies also sees potential gross merchandise volume upside, supporting optimism ahead of Shopify’s next earnings report. Analyst targets and earnings outlook
• Positive Sentiment: AI commerce is strengthening Shopify’s growth narrative. Analysts are highlighting Shopify’s payments network, Shop Pay, and integrations that allow third-party AI agents—including Meta’s Muse—to complete purchases across Shopify merchants. The company’s second-quarter gross merchandise volume rose 32% year over year to $116 billion, adding to expectations for continued momentum. Shopify AI commerce infrastructure
• Positive Sentiment: Strong recent performance and cash generation are attracting holders. Shopify has gained substantially since mid-July, while commentary points to an approximately 18% free-cash-flow margin and a business that is materially larger than at its prior record close. These factors support the long-term bull case, although they may also encourage profit-taking. Shopify free cash flow margin
• Neutral Sentiment: Shopify’s API update creates implementation work for merchants and app developers. Changes affecting checkout data, metafield filters, shipping rates, and tax recalculation could require updates to custom apps and integrations. The changes are unlikely to alter Shopify’s long-term outlook but may create short-term friction. Shopify October API update
• Negative Sentiment: Valuation and caution from some analysts remain risks. A Seeking Alpha downgrade recommended waiting for a better entry point after the sharp rally. With Shopify trading at a high earnings multiple, disappointing guidance or weaker-than-expected holiday-commerce results could trigger a pullback. Shopify valuation downgrade

Shopify Stock Performance

Shopify stock opened at $178.14 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The company has a fifty day moving average price of $148.86 and a two-hundred day moving average price of $127.95. The company has a market cap of $229.20 billion, a PE ratio of 120.36, a P/E/G ratio of 3.56 and a beta of 2.62.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $3.58 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. Research analysts expect that Shopify Inc. will post 1.46 earnings per share for the current year.

About Shopify

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.