3,921 Shares of Shopify Inc. $SHOP Bought by Ninety One UK Ltd

Ninety One UK Ltd bought a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,921 shares of the software maker’s stock, valued at approximately $583,000.

Other large investors have also modified their holdings of the company. Invesco Ltd. boosted its holdings in Shopify by 9.8% in the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after acquiring an additional 1,252,074 shares during the period. The Manufacturers Life Insurance Company grew its position in 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 acquiring an additional 660,198 shares in the last quarter. Swiss National Bank grew 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 valued at $487,580,000 after acquiring an additional 876,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Shopify by 4.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock valued at $436,356,000 after purchasing an additional 145,500 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Shopify by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock valued at $414,691,000 after purchasing an additional 159,873 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of Shopify stock opened at $178.14 on Friday. The firm has a market cap of $229.20 billion, a PE ratio of 120.36, a price-to-earnings-growth ratio of 3.56 and a beta of 2.62. The firm’s 50-day simple moving average is $148.86 and its 200-day simple moving average is $127.95. 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 Inc. has a 1 year low of $94.00 and a 1 year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results 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 business 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 for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Equities analysts forecast that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst targets point to further upside. Robert W. Baird raised its price target from $160 to $190 and maintained an “outperform” rating. Jefferies also sees potential gross merchandise volume upside, supporting optimism ahead of Shopify’s next earnings report. Analyst targets and earnings outlook
• Positive Sentiment: AI commerce is strengthening Shopify’s growth narrative. Analysts are highlighting Shopify’s payments network, Shop Pay, and integrations that allow third-party AI agents—including Meta’s Muse—to complete purchases across Shopify merchants. The company’s second-quarter gross merchandise volume rose 32% year over year to $116 billion, adding to expectations for continued momentum. Shopify AI commerce infrastructure
• Positive Sentiment: Strong recent performance and cash generation are attracting holders. Shopify has gained substantially since mid-July, while commentary points to an approximately 18% free-cash-flow margin and a business that is materially larger than at its prior record close. These factors support the long-term bull case, although they may also encourage profit-taking. Shopify free cash flow margin
• Neutral Sentiment: Shopify’s API update creates implementation work for merchants and app developers. Changes affecting checkout data, metafield filters, shipping rates, and tax recalculation could require updates to custom apps and integrations. The changes are unlikely to alter Shopify’s long-term outlook but may create short-term friction. Shopify October API update
• Negative Sentiment: Valuation and caution from some analysts remain risks. A Seeking Alpha downgrade recommended waiting for a better entry point after the sharp rally. With Shopify trading at a high earnings multiple, disappointing guidance or weaker-than-expected holiday-commerce results could trigger a pullback. Shopify valuation downgrade

Analysts Set New Price Targets

A number of research analysts have recently commented on SHOP shares. Zacks Research cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. DZ Bank downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Phillip Securities lowered shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. DA Davidson set a $200.00 price target on shares of Shopify and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada set a $180.00 price target on shares of Shopify and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $175.37.

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.