33,334 Shopify Inc. $SHOP Shares Sold by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments cut its Shopify position by 21.7%, selling 33,334 shares and retaining 120,336 shares valued at approximately $17.9 million. Shopify represents 3.1% of its portfolio.
• Institutional ownership remains substantial at 69.27%, with several major investors—including Manufacturers Life Insurance and Swiss National Bank—increasing their Shopify holdings.
• Analysts maintain a generally positive outlook, with Shopify receiving a consensus “Moderate Buy” rating and an average price target of $175.89. The company recently reported 33.7% year-over-year revenue growth, though its elevated valuation and recent rally may increase risk for investors.

Louisbourg Investments Inc. reduced its holdings in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 21.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,336 shares of the software maker's stock after selling 33,334 shares during the quarter. Shopify makes up 3.1% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 3rd biggest holding. Louisbourg Investments Inc.'s holdings in Shopify were worth $17,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Shopify by 8.5% in the 1st 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 during the last quarter. Swiss National Bank raised its position in shares of Shopify by 27.0% during the 1st quarter. Swiss National Bank now owns 4,115,300 shares of the software maker's stock worth $487,580,000 after acquiring an additional 876,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in 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 worth $436,356,000 after purchasing an additional 145,500 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in 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 worth $414,691,000 after purchasing an additional 159,873 shares during the last quarter. Finally, Amova Asset Management Americas Inc. lifted its stake in Shopify by 5.0% during 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 purchasing an additional 165,080 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on SHOP. UBS Group reaffirmed a "neutral" rating and issued a $145.00 price target (up from $130.00) on shares of Shopify in a report on Thursday, August 6th. Susquehanna initiated coverage on shares of Shopify in a research note on Friday, July 10th. They issued a "neutral" rating on the stock. Seaport Research Partners reissued a "buy" rating and set a $180.00 price objective on shares of Shopify in a report on Thursday, October 8th. Cantor Fitzgerald raised their price objective on shares of Shopify from $145.00 to $158.00 and gave the stock a "neutral" rating in a report on Monday, October 12th. Finally, Wedbush restated an "outperform" rating and set a $176.00 price objective on shares of Shopify in a research report on Wednesday, September 23rd. Three analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Shopify presently has an average rating of "Moderate Buy" and a consensus price target of $175.89.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify received a Zacks Rank #1 (Strong Buy), reflecting rising earnings estimates and improving expectations for the company’s financial performance. Revenue is projected to grow approximately 31.5% this year. Zacks rating upgrade article
• Positive Sentiment: Analysts highlighted strong revenue prospects, expanding enterprise relationships with brands such as Dior and Clinique, and increasing adoption of Shopify’s AI tools. The company’s Platinum membership in the PyTorch Foundation further supports its positioning in AI-enabled commerce. Analyst upgrades article
• Positive Sentiment: Shopify is now supported by Vercel Shop’s open-source Next.js integration, enabling merchants to build customized AI storefronts with AI shopping-agent capabilities for product discovery and checkout. This could expand Shopify’s appeal to developers and larger merchants. Vercel Shop integration article
• Positive Sentiment: A new Shopify POS Smart Grid feature can recommend and optimize tiles using sales data and usage frequency, potentially improving merchant efficiency and product engagement. Shopify POS feature article
• Neutral Sentiment: Despite strong execution, AI momentum, and recent outperformance, commentary cautioned that Shopify’s roughly 35% monthly rally and premium valuation make the stock’s risk-reward balance more difficult, with investors weighing further gains against taking profits. Shopify rally valuation article

Shopify Stock Performance

Shares of SHOP stock opened at $173.48 on Wednesday. The stock's 50-day moving average is $149.95 and its two-hundred day moving average is $129.12. The firm has a market cap of $223.21 billion, a price-to-earnings ratio of 117.22, a PEG ratio of 3.53 and a beta of 2.62. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. 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 (NASDAQ:SHOP - Get Free Report) TSE: SHOP last posted its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating 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 period in the previous year, the firm posted $0.69 earnings per share. The firm's revenue for the quarter was up 33.7% on a year-over-year basis. Analysts predict that Shopify Inc. will post 1.46 earnings per share for the current year.

Shopify 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.

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