Blue Jean Financial LLC Makes New Investment in Shopify Inc. $SHOP

Key Points

• Blue Jean Financial LLC purchased 23,481 Shopify shares worth approximately $3.48 million in the third quarter, making Shopify 2.1% of its portfolio. Institutional investors collectively own 69.27% of the company.
• Analysts remain broadly positive, with Shopify carrying a “Moderate Buy” consensus rating and an average price target of $175.89; Zacks upgraded the stock to “Strong Buy.”
• Shopify reported $3.58 billion in quarterly revenue, up 33.7% year over year, and earnings of $0.42 per share, beating expectations. Shares opened at $173.48, near their 12-month high of $182.19, though the stock’s premium valuation and recent rally may increase risk.

Blue Jean Financial LLC purchased a new stake in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,481 shares of the software maker's stock, valued at approximately $3,482,000. Shopify makes up 2.1% of Blue Jean Financial LLC's investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds also recently made changes to their positions in SHOP. Evolution Wealth Management Inc. boosted its stake in Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker's stock worth $27,000 after purchasing an additional 155 shares during the period. Graney & King LLC bought a new position in shares of Shopify in the first quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in shares of Shopify in the third quarter valued at approximately $29,000. Trellis Wealth Advisors LLC bought a new position in shares of Shopify in the third quarter valued at approximately $37,000. Finally, Roxbury Financial LLC grew its stake in Shopify by 171.0% during the third quarter. Roxbury Financial LLC now owns 271 shares of the software maker's stock valued at $40,000 after acquiring an additional 171 shares in the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on SHOP shares. Weiss Ratings raised shares of Shopify from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 15th. Robert W. Baird increased their target price on shares of Shopify from $160.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 14th. BMO Capital Markets set a $165.00 price target on shares of Shopify and gave the company an "outperform" rating in a report on Thursday, August 6th. Seaport Research Partners reissued a "buy" rating and issued a $180.00 price target on shares of Shopify in a report on Thursday, October 8th. Finally, Zacks Research upgraded shares of Shopify from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 16th. Three analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $175.89.

Shopify Stock Performance

NASDAQ:SHOP opened at $173.48 on Wednesday. The business's 50-day moving average price is $149.95 and its two-hundred day moving average price is $129.12. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The stock has a market cap of $223.21 billion, a P/E ratio of 117.22, a PEG ratio of 3.53 and a beta of 2.62. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping 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 company had revenue of $3.58 billion during the quarter. During the same period in the previous year, the firm posted $0.69 EPS. The firm's revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, equities analysts predict that Shopify Inc. will post 1.46 EPS for the current fiscal year.

Shopify News Roundup

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

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.

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.