48,988 Shopify Inc. $SHOP Shares Acquired by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management increased its Shopify stake by 92.5% in the third quarter, acquiring 48,988 additional shares for a total of 101,965 shares valued at approximately $15.1 million. Hedge funds and institutional investors collectively own 69.27% of Shopify.
• Analysts remain broadly positive, with Shopify receiving a consensus “Moderate Buy” rating and an average price target of $175.37; individual targets range as high as $200.
• Shopify reported quarterly revenue of $3.58 billion, up 33.7% year over year, and earnings of $0.42 per share, exceeding estimates. Shares opened at $178.14, near the company’s 52-week high, while its elevated P/E ratio of 120.36 highlights valuation risk.

Triasima Portfolio Management inc. grew its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 92.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,965 shares of the software maker's stock after acquiring an additional 48,988 shares during the quarter. Shopify comprises approximately 1.9% of Triasima Portfolio Management inc.'s portfolio, making the stock its 11th biggest position. Triasima Portfolio Management inc.'s holdings in Shopify were worth $15,148,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SHOP. Ninety One UK Ltd acquired a new stake in Shopify during the 3rd quarter worth $583,000. Formuepleje A S purchased a new position in Shopify during the 3rd quarter worth $1,042,000. Fortitude Family Office LLC purchased a new position in Shopify during the 3rd quarter worth $29,000. Seelaus Asset Management LLC grew its position in Shopify by 16.1% during the 3rd quarter. Seelaus Asset Management LLC now owns 5,865 shares of the software maker's stock worth $870,000 after purchasing an additional 815 shares during the last quarter. Finally, Henry James International Management Inc. grew its position in Shopify by 15.3% during the 3rd quarter. Henry James International Management Inc. now owns 97,550 shares of the software maker's stock worth $14,467,000 after purchasing an additional 12,978 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Weiss Ratings raised shares of Shopify from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Rothschild & Co Redburn set a $130.00 target price on shares of Shopify and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Rosenblatt Securities began coverage on Shopify in a report on Thursday, August 20th. They set a "buy" rating and a $175.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Shopify from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, October 6th. Finally, UBS Group restated a "neutral" rating and issued a $145.00 price target (up from $130.00) on shares of Shopify in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Shopify currently has an average rating of "Moderate Buy" and a consensus price target of $175.37.

Shopify Price Performance

Shares of NASDAQ SHOP opened at $178.14 on Friday. 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 stock has a fifty day moving average price of $148.86 and a 200 day moving average price of $127.95. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The company has a market cap of $229.20 billion, a PE ratio of 120.36, a P/E/G ratio of 3.56 and a beta of 2.62.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The firm had revenue of $3.58 billion for the quarter. During the same quarter last year, the business earned $0.69 earnings per share. The business's quarterly revenue was up 33.7% on a year-over-year basis. Sell-side analysts forecast that Shopify Inc. will post 1.46 EPS for the current year.

Trending Headlines about 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

Shopify Company Profile

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.

Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.