Shopify Inc. $SHOP Stock: Quadrant Capital Group LLC Raises Holdings

Quadrant Capital Group LLC increased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 10.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,866 shares of the software maker’s stock after purchasing an additional 2,940 shares during the quarter. Quadrant Capital Group LLC’s holdings in Shopify were worth $4,726,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SHOP. Signal Advisors Wealth LLC raised its stake in Shopify by 0.5% during the 3rd quarter. Signal Advisors Wealth LLC now owns 12,589 shares of the software maker’s stock worth $1,867,000 after buying an additional 60 shares during the period. Midway Capital Research & Management boosted its holdings in Shopify by 0.5% in the third quarter. Midway Capital Research & Management now owns 14,008 shares of the software maker’s stock worth $2,077,000 after acquiring an additional 65 shares in the last quarter. Eagle Wealth Advisors LLC boosted its holdings in Shopify by 3.0% in the third quarter. Eagle Wealth Advisors LLC now owns 2,330 shares of the software maker’s stock worth $346,000 after acquiring an additional 67 shares in the last quarter. Tsfg LLC boosted its holdings in Shopify by 4.0% in the second quarter. Tsfg LLC now owns 2,028 shares of the software maker’s stock worth $232,000 after acquiring an additional 78 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Shopify by 5.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,751 shares of the software maker’s stock valued at $260,000 after acquiring an additional 83 shares during the period. 69.27% of the stock is owned by institutional investors.

Shopify Trading Up 1.4%

NASDAQ:SHOP opened at $173.48 on Wednesday. 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 50-day moving average of $149.95 and a 200-day moving average of $129.12. The company has a market cap of $223.21 billion, a PE ratio of 117.22, a PEG ratio of 3.53 and a beta of 2.62. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted 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. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The company had revenue of $3.58 billion for the quarter. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue was up 33.7% on a year-over-year basis. As a group, equities research analysts expect that Shopify Inc. will post 1.46 EPS for the current fiscal year.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst optimism and earnings outlook: Zacks upgraded Shopify to a #1 (Strong Buy) rating, citing improving earnings prospects. Other coverage points to expected revenue growth of approximately 31.5% this year, rising earnings estimates and expanding enterprise relationships with brands such as Dior and Clinique. Shopify rating upgrade article
• Positive Sentiment: AI and platform expansion: Shopify is supported by Vercel Shop’s open-source Next.js integration, enabling merchants to build AI-focused storefronts and use shopping agents for product discovery and checkout. Shopify’s AI tools and Platinum membership in the PyTorch Foundation reinforce its strategy to improve merchant productivity. Shopify AI storefront integration article
• Positive Sentiment: Institutional support: Carnegie Investment Counsel increased its Shopify position by 3.2% to 115,804 shares, a modest signal of continued institutional confidence. Carnegie Investment Counsel Shopify holdings article
• Neutral Sentiment: Product development: Shopify POS reportedly added a Smart Grid feature that recommends and optimizes tiles using sales data and usage frequency, potentially improving merchant workflow and platform engagement.
• Negative Sentiment: Valuation and profit-taking risk: Shopify has rallied about 35% in a month and trades at a high earnings multiple. Commentary increasingly asks whether investors should take profits rather than add exposure, raising the likelihood of volatility or a pullback despite strong long-term growth expectations. Shopify rally and valuation article

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wedbush restated an “outperform” rating and set a $176.00 price objective on shares of Shopify in a report on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $200.00 target price (up from $180.00) on shares of Shopify in a research report on Friday. Susquehanna started coverage on Shopify in a research report on Friday, July 10th. They set a “neutral” rating on the stock. Phillip Securities cut Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Finally, Sanford C. Bernstein assumed coverage on shares of Shopify in a research report on Thursday, September 10th. They issued an “outperform” rating and a $160.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Shopify Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.