Andra AP fonden Increases Stock Position in Shopify Inc. $SHOP

Andra AP fonden lifted its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 50.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 278,312 shares of the software maker’s stock after acquiring an additional 93,100 shares during the quarter. Andra AP fonden’s holdings in Shopify were worth $31,778,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Norris Financial Group LLC acquired a new position in Shopify in the 1st quarter valued at about $1,586,000. Infusive Asset Management Inc. lifted its position in shares of Shopify by 27.4% during the first quarter. Infusive Asset Management Inc. now owns 43,611 shares of the software maker’s stock worth $5,173,000 after purchasing an additional 9,374 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Shopify by 18.6% in the first quarter. OMERS ADMINISTRATION Corp now owns 58,044 shares of the software maker’s stock valued at $6,876,000 after purchasing an additional 9,096 shares during the period. Ninepoint Partners LP purchased a new position in shares of Shopify in the second quarter valued at approximately $29,027,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Shopify by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after purchasing an additional 660,198 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SHOP shares. Morgan Stanley downgraded shares of Shopify from an “overweight” rating to a “buy” rating in a research note on Monday, July 13th. Canaccord Genuity Group set a $180.00 price target on shares of Shopify and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Barclays set a $145.00 price objective on Shopify and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Wells Fargo & Company reiterated an “overweight” rating and issued a $180.00 target price (up from $144.00) on shares of Shopify in a report on Friday, August 7th. Finally, Royal Bank Of Canada set a $180.00 target price on Shopify and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.34.

Shopify Stock Up 7.8%

Shares of Shopify stock traded up $10.69 during trading on Tuesday, hitting $148.61. 15,406,298 shares of the stock were exchanged, compared to its average volume of 10,443,671. 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’s 50-day moving average price is $136.79 and its 200 day moving average price is $123.63. The stock has a market cap of $191.21 billion, a price-to-earnings ratio of 100.41, a price-to-earnings-growth ratio of 2.61 and a beta of 2.61. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19.

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

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Meta partnership expands Shopify’s reach in AI-powered commerce. Muse can browse Shopify-powered stores and complete purchases through Shop Pay, potentially directing additional traffic and transactions to Shopify merchants while reinforcing Shop Pay as a standard for agentic checkout. Shopify Stock Rallies on Checkout Partnership With Meta’s New Muse AI Agent
• Positive Sentiment: Shopify’s strategy contrasts favorably with Amazon’s decision to block Muse. Investors appear to believe Shopify could benefit if consumers increasingly use AI agents to discover products and transact across independent online stores, rather than being confined to large marketplaces. Amazon and Shopify make starkly different moves in the brewing battle over AI shopping
• Positive Sentiment: Investor positioning reflected growing optimism. Trading in Shopify call options was unusually active, with more than 100,000 contracts purchased—over twice typical volume—indicating increased bullish interest, although options activity is not a guarantee of future performance.
• Neutral Sentiment: The arrangement may also increase Shopify’s exposure to Meta. The agreement could improve merchant conversion, but Shopify may become more dependent on Meta’s ability to attract users and successfully develop Muse as a shopping channel. Shopify to Use Meta’s Muse for Agentic Checkout
• Neutral Sentiment: Additional adoption signals came from business customers. MSG91 highlighted Shopify’s checkout solution as it expanded into e-commerce and supported direct-to-consumer brands, providing incremental evidence of continued interest in Shopify’s checkout infrastructure. MSG91 expands into e-commerce

About Shopify

Shopify Inc (NASDAQ:SHOP) is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow retail operations. Its platform enables merchants to create and manage online stores, sell through social media and other digital channels, and support in-person sales through Shopify’s point-of-sale solutions.

Shopify’s products and services include online storefront and website-building tools, payment processing through Shopify Payments, point-of-sale hardware and software, inventory and order management, shipping and fulfillment tools, marketing features, analytics, and financing services for eligible merchants.