Shopify Inc. $SHOP Position Lifted by Kopp Family Office LLC

Kopp Family Office LLC grew its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 152.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,845 shares of the software maker’s stock after acquiring an additional 18,042 shares during the period. Shopify comprises approximately 2.5% of Kopp Family Office LLC’s holdings, making the stock its 7th largest position. Kopp Family Office LLC’s holdings in Shopify were worth $4,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position 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 valued at $998,137,000 after purchasing an additional 660,198 shares in the last quarter. Swiss National Bank increased its position in Shopify by 27.0% in the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock worth $487,580,000 after buying an additional 876,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Shopify by 4.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock worth $436,356,000 after buying an additional 145,500 shares in the last quarter. Bank of New York Mellon Corp increased its position in Shopify by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock worth $414,691,000 after buying an additional 159,873 shares in the last quarter. Finally, Amova Asset Management Americas Inc. raised its stake in shares of Shopify by 5.0% in the first quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock worth $410,219,000 after buying an additional 165,080 shares during the period. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Shopify Stock Up 0.5%

NASDAQ SHOP opened at $174.29 on Thursday. The stock’s 50 day moving average is $150.43 and its 200 day moving average is $129.51. 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 $182.19. The stock has a market cap of $224.25 billion, a PE ratio of 117.76, a P/E/G ratio of 3.58 and a beta of 2.62.

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

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Meta AI commerce partnership strengthens Shopify’s growth story. Shopify brought Shop Pay checkout to Meta’s Muse AI shopping agent, allowing AI-driven orders to generate the same merchant economics as purchases made through a store’s standard checkout. Investors view the agreement as evidence that Shopify could become core infrastructure for agentic commerce. Shopify Soars 33% in a Month on Meta’s Muse Deal
• Positive Sentiment: AI product integrations are broadening Shopify’s platform appeal. Vercel launched an open-source Next.js integration for Shopify, helping merchants build AI-focused storefronts with support for shopping agents and customized checkout experiences. Separately, Octane AI introduced Phoenix, an automated quiz-building and personalization tool for Shopify brands. These developments may increase merchant engagement and reinforce Shopify’s position in AI-enabled retail. Shopify Launches Open Source Next.js Integration Octane AI Launches Phoenix
• Positive Sentiment: Analyst commentary remains favorable. Reports point to rising earnings estimates, anticipated revenue growth of approximately 31.5% this year, expanding enterprise relationships, and increasing use of AI tools. Shopify’s recent earnings beat and 33.7% year-over-year quarterly revenue growth provide additional fundamental support. Bull of the Day: Shopify
• Neutral Sentiment: Carnegie Investment Counsel increased its Shopify holdings by 3.2%, a modest institutional vote of confidence that is unlikely to materially affect the stock by itself. Shopify Holdings Raised by Carnegie Investment Counsel
• Negative Sentiment: Valuation and profit-taking are growing risks. After the sharp rally, Shopify trades at a very high earnings multiple, and investors are debating whether the gains can continue. Any slowdown in AI monetization, revenue growth, or enterprise adoption could trigger volatility or profit-taking.

Analyst Upgrades and Downgrades

SHOP has been the subject of a number of recent research reports. Citigroup reiterated an “outperform” rating on shares of Shopify in a research note on Thursday, August 6th. Canaccord Genuity Group set a $180.00 target price on shares of Shopify and gave the stock a “buy” rating in a report on Wednesday, August 5th. Truist Financial set a $180.00 target price on shares of Shopify and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Shopify from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Shopify from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.89.

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.