Simplicity Wealth LLC Purchases 4,055 Shares of Shopify Inc. $SHOP

Simplicity Wealth LLC increased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 33.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,058 shares of the software maker’s stock after purchasing an additional 4,055 shares during the quarter. Simplicity Wealth LLC’s holdings in Shopify were worth $2,381,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signal Advisors Wealth LLC grew its holdings in Shopify by 0.5% in the 3rd quarter. Signal Advisors Wealth LLC now owns 12,589 shares of the software maker’s stock valued at $1,867,000 after buying an additional 60 shares in the last quarter. Midway Capital Research & Management raised its holdings in shares of Shopify by 0.5% during the 3rd 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 during the period. Eagle Wealth Advisors LLC grew its holdings in shares of Shopify by 3.0% in the third quarter. Eagle Wealth Advisors LLC now owns 2,330 shares of the software maker’s stock valued at $346,000 after purchasing an additional 67 shares during the period. Tsfg LLC grew its holdings in shares of Shopify by 4.0% in the second quarter. Tsfg LLC now owns 2,028 shares of the software maker’s stock valued at $232,000 after purchasing an additional 78 shares during the period. Finally, Obermeyer Wealth Partners increased its position in Shopify by 2.8% during the third quarter. Obermeyer Wealth Partners now owns 2,955 shares of the software maker’s stock worth $438,000 after purchasing an additional 80 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Price Performance

Shopify stock opened at $168.68 on Monday. The company’s 50 day simple moving average is $150.92 and its 200-day simple moving average is $130.22. The company has a market capitalization of $217.03 billion, a price-to-earnings ratio of 113.97, a price-to-earnings-growth ratio of 3.48 and a beta of 2.62. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm 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 business’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, equities research analysts expect that Shopify Inc. will post 1.46 earnings per share for the current year.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC raises target and reiterates bullish view: RBC Dominion Securities initiated an “outperform” rating with a $200 price target, implying approximately 18.2% upside from the referenced $169.23 price. RBC Dominion Securities raises Shopify price target
• Positive Sentiment: AI-driven commerce opportunity: Polen Capital’s Q3 2026 investor commentary identified Shopify as a potential beneficiary of “agentic commerce,” in which AI tools help consumers discover and purchase products. This supports the view that Shopify could benefit from, rather than be disrupted by, AI adoption. Shopify could benefit from AI-driven agentic commerce
• Positive Sentiment: Growth and momentum remain investor supports: Coverage highlights Shopify’s earnings growth, payments expansion, strong gross merchandise volume and 56% three-month share-price rally. Shopify’s ecosystem also continues to expand through certified technology partners such as poq and new checkout-related commerce tools. Shopify earnings growth and price strength
• Neutral Sentiment: New merchant monetization initiatives: Disco launched an advertiser-funded cashback format within Shopify checkout, reporting roughly 5% higher order conversion in pilot data. The development could improve merchant engagement and checkout monetization, although the direct financial benefit to Shopify is not yet clear. Disco launches Pre-Purchase for Shopify checkout
• Negative Sentiment: Valuation and downgrade risks: ATB Cormark downgraded Shopify to “sector perform” from “outperform” after the sharp rally, citing the stock’s substantial appreciation. Commentary also warns that Shopify’s premium valuation leaves less room for disappointment, despite strong operating growth. ATB Cormark downgrades Shopify after rally

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Seaport Research Partners reaffirmed a “buy” rating and set a $180.00 target price on shares of Shopify in a research note on Thursday, October 8th. BMO Capital Markets set a $165.00 price target on shares of Shopify and gave the company an “outperform” rating in a research note on Thursday, August 6th. The Goldman Sachs Group raised their price target on shares of Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citizens Jmp lifted their price target on shares of Shopify from $150.00 to $185.00 and gave the company a “market outperform” rating in a research report on Thursday, August 6th. Finally, DZ Bank lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.28.

About Shopify

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.