Shopify Inc. $SHOP Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,580,597 shares of the software maker’s stock after acquiring an additional 165,731 shares during the period. TD Waterhouse Canada Inc.’s holdings in Shopify were worth $235,379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. increased its position in Shopify by 9.8% during the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after purchasing an additional 1,252,074 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Shopify during the first quarter worth approximately $119,303,000. Swiss National Bank raised its stake in Shopify by 27.0% during the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock worth $487,580,000 after purchasing an additional 876,100 shares during the period. The Manufacturers Life Insurance Company raised its stake in Shopify by 8.5% during the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock worth $998,137,000 after purchasing an additional 660,198 shares during the period. Finally, Bank of Nova Scotia boosted its holdings in shares of Shopify by 24.2% in the 1st quarter. Bank of Nova Scotia now owns 3,196,004 shares of the software maker’s stock valued at $379,111,000 after purchasing an additional 621,893 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC raised its Shopify price target to $200 from $180, citing sustained growth momentum and the possibility that the company could exceed expectations for third-quarter results and fourth-quarter guidance. RBC raises Shopify price target to $200 on sustained growth outlook
• Positive Sentiment: Analysts remain constructive ahead of earnings: Baird reportedly lifted its target to $190, while Jefferies sees potential upside from stronger gross merchandise volume. The reports reinforce expectations for solid merchant activity and additional gains. SHOP Stock Heads For 4th Green Week
• Positive Sentiment: Shopify merchants are adopting DeepLumen’s Agentic Page, an AI-powered channel that helps external AI agents discover products and complete purchases. Nearly 2,000 stores reportedly use the application, supporting the view that Shopify could become infrastructure for AI-driven commerce. Is Shopify Becoming A Real Gateway For AI Driven Commerce?
• Neutral Sentiment: Shopify’s October API update changes checkout, inventory, shipping, tax, and metafield behavior. Merchants and developers may need to update integrations, creating implementation work but potentially improving platform consistency. Shopify Marketing Agency Advisory
• Neutral Sentiment: Commentary highlights Shopify’s strong long-term returns, approximately 18% free-cash-flow margin, and recent 42% rally, while warning that the stock’s elevated valuation could lead some investors to take profits. I’d keep Shopify for its 18% free cash flow margin

Shopify Trading Down 4.8%

NASDAQ SHOP traded down $8.62 during mid-day trading on Friday, hitting $169.52. The company’s stock had a trading volume of 15,243,828 shares, compared to its average volume of 10,092,316. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The stock’s fifty day simple moving average is $149.22 and its two-hundred day simple moving average is $128.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The firm has a market capitalization of $218.11 billion, a P/E ratio of 114.54, a price-to-earnings-growth ratio of 3.68 and a beta of 2.62.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter. During the same period last year, the firm earned $0.69 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. Research analysts expect that Shopify Inc. will post 1.46 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SHOP. Bank of America assumed coverage on shares of Shopify in a research note on Tuesday, July 7th. They set a “buy” rating and a $150.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 target price (up from $180.00) on shares of Shopify in a research report on Friday. UBS Group reiterated a “neutral” rating and issued a $145.00 target price (up from $130.00) on shares of Shopify in a report on Thursday, August 6th. DZ Bank cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Zacks Research downgraded Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Shopify has an average rating of “Moderate Buy” and a consensus price target of $175.89.

Shopify 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.