Capital World Investors Sells 4,364,810 Shares of Shopify Inc. $SHOP

Key Points

• Capital World Investors trimmed its Shopify stake by 7.5%, selling 4,364,810 shares in Q3 and now holds 53,612,596 shares (about a 4.13% stake) worth roughly $7.97 billion, making Shopify its 15th-largest holding.
• Institutional investors own 69.27% of Shopify, with several funds initiating or adding small positions, and analysts assign a consensus rating of “Moderate Buy” with a consensus target price of $163.33.
• Key stock metrics: market cap ~$173.8 billion, P/E ~143.6, 50‑day/200‑day moving averages of $136.61 and $149.12, and a 52‑week range of $69.84 to $182.19 (opened at $133.50).

Capital World Investors trimmed its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,612,596 shares of the software maker's stock after selling 4,364,810 shares during the quarter. Shopify makes up approximately 1.1% of Capital World Investors' portfolio, making the stock its 15th biggest holding. Capital World Investors owned approximately 4.13% of Shopify worth $7,967,392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SHOP. Heartwood Wealth Advisors LLC purchased a new stake in Shopify in the 3rd quarter worth approximately $27,000. Rothschild Investment LLC raised its position in shares of Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker's stock worth $27,000 after buying an additional 75 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of Shopify in the second quarter worth $27,000. Caitlin John LLC bought a new stake in Shopify during the third quarter valued at $36,000. Finally, Estabrook Capital Management purchased a new position in Shopify during the second quarter worth about $29,000. Institutional investors own 69.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wolfe Research raised Shopify from a "hold" rating to an "outperform" rating in a report on Tuesday, January 6th. Barclays set a $130.00 price target on shares of Shopify and gave the stock an "equal weight" rating in a research note on Thursday, February 12th. Stifel Nicolaus set a $115.00 price target on shares of Shopify and gave the stock a "hold" rating in a report on Wednesday, February 11th. Benchmark lowered their price objective on shares of Shopify from $195.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, February 10th. Finally, Bank of America lifted their price objective on shares of Shopify from $185.00 to $190.00 and gave the stock a "buy" rating in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Shopify currently has a consensus rating of "Moderate Buy" and a consensus target price of $163.33.

Shopify Stock Performance

SHOP stock opened at $133.50 on Tuesday. The firm has a market cap of $173.80 billion, a P/E ratio of 143.55, a P/E/G ratio of 4.67 and a beta of 2.83. The firm's fifty day moving average is $136.61 and its 200 day moving average is $149.12. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19.

Shopify Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.

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