Shopify Inc. $SHOP Stock Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,841 shares of the software maker’s stock after acquiring an additional 10,478 shares during the period. Rakuten Investment Management Inc.’s holdings in Shopify were worth $15,544,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in shares of Shopify during the third quarter valued at approximately $29,000. MADDEN SECURITIES Corp purchased a new stake in shares of Shopify in the 3rd quarter worth approximately $30,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Shopify in the 3rd quarter worth approximately $32,000. Graney & King LLC purchased a new stake in shares of Shopify in the 1st quarter worth approximately $27,000. Finally, Trellis Wealth Advisors LLC bought a new position in Shopify during the 3rd quarter valued at approximately $37,000. Institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

NASDAQ SHOP opened at $153.03 on Thursday. The stock has a market capitalization of $196.90 billion, a price-to-earnings ratio of 93.31, a PEG ratio of 2.94 and a beta of 2.65. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $180.88. 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 business’s fifty day moving average price is $152.75 and its 200-day moving average price is $130.11.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 3rd. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. The company had revenue of $3.74 billion during the quarter. Shopify had a return on equity of 13.99% and a net margin of 15.01%. The firm’s revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. On average, equities analysts predict that Shopify Inc. will post 1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SHOP shares. Benchmark boosted their target price on Shopify from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. BTIG Research initiated coverage on Shopify in a research report on Friday, July 10th. They issued a “buy” rating for the company. Susquehanna initiated coverage on shares of Shopify in a research note on Friday, July 10th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings downgraded shares of Shopify from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Shopify currently has an average rating of “Moderate Buy” and an average target price of $178.79.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported Q3 revenue of $3.74 billion, up 31.6% year over year, and earnings per share of $0.49, above consensus. Free cash flow rose 61% to $816 million, while operating income increased 66%. Read More.
• Positive Sentiment: Analyst actions were broadly supportive: National Bank Financial raised its target to $185 and reaffirmed “outperform,” while RBC maintained “outperform” with a $200 target. UBS raised its target to $160 but kept a neutral rating. Read More. · Read More. · Read More.
• Positive Sentiment: ARK Invest reportedly bought $12.5 million of Shopify shares during the post-earnings weakness, providing a vote of confidence from a prominent growth investor. Read More.
• Neutral Sentiment: Shopify highlighted growing AI-driven shopping activity, expanding payments penetration and rising Shop Pay usage. These initiatives could support future growth, though their financial contribution remains to be proven. Read More.
• Negative Sentiment: The quarter fell short of expectations on gross merchandise volume (about $119.1 billion) and subscription revenue; some reports also cited a modest revenue miss. The shortfalls triggered the recent sell-off and keep expectations for holiday-quarter execution high. Read More.
• Negative Sentiment: Valuation remains a risk: Shopify trades at a rich earnings multiple, leaving the stock vulnerable if growth or margins disappoint. Cantor Fitzgerald cut its target to $150 and retained a neutral rating. Read More.

About Shopify

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.