Investment House LLC Acquires 8,039 Shares of Shopify Inc. $SHOP

Key Points

• Investment House LLC increased its Shopify stake by 142.5% in the third quarter, purchasing 8,039 additional shares to hold 13,679 shares valued at approximately $2.03 million. Institutional investors collectively own 69.27% of Shopify.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $175.89. Several firms raised their targets, although Phillip Securities downgraded the stock from “strong buy” to “moderate buy.”
• Shopify reported quarterly revenue of $3.58 billion, up 33.7% year over year, and EPS of $0.42, ahead of estimates. However, the stock’s elevated valuation—including a price-to-earnings ratio above 140—leaves it vulnerable if growth or AI-related optimism slows.

Investment House LLC raised its stake in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 142.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 13,679 shares of the software maker's stock after purchasing an additional 8,039 shares during the period. Investment House LLC's holdings in Shopify were worth $2,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHOP. JSF Financial LLC grew its stake in shares of Shopify by 10.3% in the 3rd quarter. JSF Financial LLC now owns 2,568 shares of the software maker's stock worth $381,000 after acquiring an additional 240 shares in the last quarter. Kopp Family Office LLC raised its holdings in shares of Shopify by 152.9% in the third quarter. Kopp Family Office LLC now owns 29,845 shares of the software maker's stock valued at $4,426,000 after purchasing an additional 18,042 shares during the last quarter. Obermeyer Wealth Partners lifted its position in shares of Shopify by 2.8% during the third quarter. Obermeyer Wealth Partners now owns 2,955 shares of the software maker's stock valued at $438,000 after purchasing an additional 80 shares in the last quarter. Guardian Partners Inc. lifted its position in shares of Shopify by 18.5% during the third quarter. Guardian Partners Inc. now owns 12,965 shares of the software maker's stock valued at $1,926,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Shopify by 10.2% during the third quarter. Quadrant Capital Group LLC now owns 31,866 shares of the software maker's stock worth $4,726,000 after purchasing an additional 2,940 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on SHOP shares. The Goldman Sachs Group lifted their target price on shares of Shopify from $170.00 to $194.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $180.00 target price (up from $144.00) on shares of Shopify in a report on Friday, August 7th. Phillip Securities downgraded Shopify from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, August 17th. Benchmark increased their price target on Shopify from $145.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, BTIG Research began coverage on Shopify in a research note on Friday, July 10th. They issued a "buy" rating for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $175.89.

Shopify Price Performance

Shopify stock opened at $168.81 on Friday. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. The business's 50 day simple moving average is $150.64 and its 200 day simple moving average is $129.87. The company has a market cap of $217.20 billion, a price-to-earnings ratio of 140.56, a PEG ratio of 3.60 and a beta of 2.62.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last released its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the business earned $0.69 earnings per share. The business's quarterly revenue was up 33.7% compared to the same quarter last year. Sell-side analysts forecast that Shopify Inc. will post 1.46 EPS for the current year.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify’s integration with Meta’s Muse AI shopping agent continues to attract attention. The partnership allows AI-driven orders using Shop Pay to generate normal commerce revenue for Shopify merchants, reinforcing the company’s position in emerging AI-assisted shopping. Shopify Soars 33% in a Month on Meta’s Muse Deal
• Positive Sentiment: Analyst commentary highlights Shopify’s strong growth profile, including rising AI adoption, payments expansion and gross merchandise volume. These trends could support continued above-market growth, although they are already reflected in the stock’s elevated valuation. Shopify Is an Incredible Growth Stock
• Positive Sentiment: Poq became a Shopify Certified Technology Partner, making its native mobile-app platform easier for enterprise merchants to discover. The certification strengthens Shopify’s broader commerce technology ecosystem, though the direct financial benefit to Shopify is likely limited. Poq Is Now a Shopify Certified Technology Partner
• Neutral Sentiment: Disco launched an advertiser-funded cashback feature within Shopify checkout, reporting approximately 5% higher order conversion during pilot testing. The initiative could improve merchant engagement and checkout monetization, but it is a third-party development rather than a direct Shopify announcement. Disco Launches Pre-Purchase
• Neutral Sentiment: Octane AI introduced an AI quiz-building tool for Shopify brands, adding to the platform’s growing ecosystem of merchant-focused AI applications. The product may help merchants improve personalization but is unlikely to materially affect Shopify’s results immediately. Octane AI Launches Phoenix
• Negative Sentiment: ATB Cormark downgraded SHOP to Sector Perform from Outperform and set a C$234 price target after the stock advanced roughly 56% in three months. The downgrade reflects concern that AI-related optimism and other gains may have already priced in much of Shopify’s future growth. Shopify Down as ATB Cormark Downgrades the Stock
• Negative Sentiment: Despite bullish Wall Street recommendations and strong operating momentum, commentary emphasizes that Shopify trades at a premium valuation after its sharp rally. That valuation leaves the stock vulnerable to profit-taking or disappointment if growth slows. Shopify Jumps 56% in Three Months

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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