141,643 Shopify Inc. $SHOP Shares Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. boosted its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 5,981.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,011 shares of the software maker’s stock after buying an additional 141,643 shares during the quarter. Cidel Asset Management Inc.’s holdings in Shopify were worth $21,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC increased its position in shares of Shopify by 0.5% during the third quarter. Signal Advisors Wealth LLC now owns 12,589 shares of the software maker’s stock worth $1,867,000 after acquiring an additional 60 shares during the period. Canopy Partners LLC raised its stake in shares of Shopify by 3.0% in the third quarter. Canopy Partners LLC now owns 2,109 shares of the software maker’s stock valued at $313,000 after acquiring an additional 61 shares in the last quarter. Midway Capital Research & Management raised its stake in shares of Shopify by 0.5% in the third quarter. Midway Capital Research & Management now owns 14,008 shares of the software maker’s stock valued at $2,077,000 after acquiring an additional 65 shares in the last quarter. Eagle Wealth Advisors LLC boosted its holdings in 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. Finally, Tsfg LLC boosted its holdings in 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. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

SHOP has been the subject of several analyst reports. Rosenblatt Securities assumed coverage on Shopify in a research note on Thursday, August 20th. They set a “buy” rating and a $175.00 target price for the company. Robert W. Baird increased their price target on Shopify from $160.00 to $190.00 and gave the company an “outperform” rating in a research report on Wednesday, October 14th. Truist Financial set a $180.00 price objective on Shopify and gave the company a “buy” rating in a research note on Wednesday, August 5th. Cantor Fitzgerald boosted their price objective on Shopify from $145.00 to $158.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. Finally, Piper Sandler reissued an “overweight” rating on shares of Shopify in a research report on Monday, October 5th. Three 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 stock. According to data from MarketBeat, Shopify currently has an average rating of “Moderate Buy” and an average price target of $177.79.

Shopify Price Performance

Shares of NASDAQ SHOP opened at $157.49 on Friday. 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 fifty-two week low of $94.00 and a fifty-two week high of $180.88. The firm has a market capitalization 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 stock’s 50-day simple moving average is $152.78 and its 200-day simple moving average is $130.26.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its 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. The firm had revenue of $3.58 billion during the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%. Shopify’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. As a group, equities research analysts forecast that Shopify Inc. will post 1.46 EPS for the current fiscal year.

Shopify News Summary

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

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.