Shopify Inc. $SHOP Stock: Profund Advisors LLC Trims Position

Profund Advisors LLC reduced its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,039 shares of the software maker’s stock after selling 7,002 shares during the quarter. Profund Advisors LLC’s holdings in Shopify were worth $11,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SHOP. Fortitude Family Office LLC purchased a new position in Shopify during the third quarter valued at $29,000. MADDEN SECURITIES Corp bought a new position in shares of Shopify in the 3rd quarter worth $30,000. Laurel Wealth Advisors LLC purchased a new position in shares of Shopify in the 3rd quarter worth approximately $32,000. Graney & King LLC acquired a new stake in shares of Shopify in the 1st quarter worth $27,000. Finally, Evolution Wealth Management Inc. raised its position in shares of Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify Price Performance

SHOP stock opened at $157.49 on Friday. The company has a market cap of $202.63 billion, a PE ratio of 106.41, a price-to-earnings-growth ratio of 3.25 and a beta of 2.62. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $180.88. The stock has a 50-day moving average price of $152.78 and a two-hundred day moving average price of $130.26.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $3.58 billion for the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The firm’s revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, research analysts predict that Shopify Inc. will post 1.46 EPS for the current year.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHOP. Wedbush reaffirmed an “outperform” rating and set a $176.00 price objective on shares of Shopify in a research note on Wednesday, September 23rd. Weiss Ratings downgraded Shopify from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Benchmark increased their target price on Shopify from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. RBC Dominion Securities set a $200.00 price objective on Shopify and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Shopify from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, October 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Shopify has an average rating of “Moderate Buy” and an average price target of $177.79.

Shopify Company 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.