Mirabella Financial Services LLP Increases Stake in Shopify Inc. $SHOP

Key Points

• Mirabella Financial Services increased its stake in Shopify by 117.1% in Q3, adding 11,920 shares to hold 22,103 shares worth about $3.279 million per its latest 13F filing.
• Wall Street analysts show a consensus Moderate Buy rating with a consensus price target of $163.38, and several recent notes moved targets between $145 and $160, including an upgrade from TD Securities and a raise from Jefferies.
• Shopify shares trade near $126.58 with a market cap of $165.07 billion, a 52‑week range of $69.84–$182.19, and high valuation metrics (P/E ≈136, PEG ≈4.4), reflecting strong growth expectations but rich multiples.

Mirabella Financial Services LLP lifted its position in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 117.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,103 shares of the software maker's stock after purchasing an additional 11,920 shares during the quarter. Mirabella Financial Services LLP's holdings in Shopify were worth $3,279,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SHOP. Financial Gravity Companies Inc. purchased a new stake in Shopify during the second quarter worth $27,000. Rothschild Investment LLC increased its holdings in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new position in shares of Shopify in the third quarter worth about $27,000. Estabrook Capital Management purchased a new stake in shares of Shopify during the 2nd quarter worth about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Shopify during the 3rd quarter worth about $32,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SHOP has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price target on Shopify from $125.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, March 9th. TD Securities raised Shopify from a "hold" rating to a "buy" rating and set a $159.00 price objective on the stock in a report on Thursday, February 12th. Citizens Jmp cut their price objective on Shopify from $200.00 to $160.00 and set a "market outperform" rating for the company in a research report on Thursday, February 12th. KeyCorp reiterated an "overweight" rating and set a $160.00 target price on shares of Shopify in a research report on Wednesday, February 11th. Finally, UBS Group cut their price target on shares of Shopify from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.38.

Shopify Stock Up 2.9%

Shopify stock opened at $126.58 on Tuesday. The company has a fifty day simple moving average of $133.12 and a 200-day simple moving average of $148.62. The firm has a market capitalization of $165.07 billion, a price-to-earnings ratio of 136.11, a PEG ratio of 4.41 and a beta of 2.83. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19.

About Shopify

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.

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.