Profund Advisors LLC Sells 7,002 Shares of Shopify Inc. $SHOP

Key Points

• Profund Advisors reduced its Shopify stake by 8.3% in the third quarter, selling 7,002 shares and retaining 77,039 shares valued at approximately $11.4 million.
• Other major institutional investors increased their positions, and hedge funds and institutions collectively own 69.27% of Shopify’s shares.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $177.79, while Shopify’s revenue grew 33.7% year over year to $3.58 billion; however, its premium valuation and rising AI investment could pressure margins.

Profund Advisors LLC trimmed its stake in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,039 shares of the software maker's stock after selling 7,002 shares during the quarter. Profund Advisors LLC's holdings in Shopify were worth $11,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in Shopify by 8.5% during the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker's stock worth $998,137,000 after buying an additional 660,198 shares in the last quarter. Swiss National Bank grew its holdings in Shopify by 27.0% during the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker's stock valued at $487,580,000 after purchasing an additional 876,100 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Shopify by 4.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker's stock worth $436,356,000 after acquiring an additional 145,500 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Shopify by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker's stock worth $414,691,000 after purchasing an additional 159,873 shares during the last quarter. Finally, Amova Asset Management Americas Inc. boosted its position in shares of Shopify by 5.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker's stock worth $410,219,000 after purchasing an additional 165,080 shares in the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Analysts Set New Price Targets

SHOP has been the subject of a number of recent research reports. UBS Group reaffirmed a "neutral" rating and issued a $145.00 target price (up from $130.00) on shares of Shopify in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on Shopify from $185.00 to $200.00 and gave the stock an "overweight" rating in a report on Tuesday, October 6th. Robert W. Baird boosted their price target on Shopify from $160.00 to $190.00 and gave the stock an "outperform" rating in a report on Wednesday, October 14th. Weiss Ratings downgraded Shopify from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Shopify in a report on Wednesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $177.79.

Shopify Stock Performance

NASDAQ:SHOP opened at $157.49 on Friday. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $180.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. The company has a market cap of $202.63 billion, a price-to-earnings ratio of 106.41, a PEG ratio of 3.25 and a beta of 2.62. The firm's 50-day moving average is $152.78 and its 200-day moving average is $130.26.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.58 billion for the quarter. During the same period last year, the company earned $0.69 EPS. The company's revenue was up 33.7% compared to the same quarter last year. Equities research analysts anticipate that Shopify Inc. will post 1.46 earnings per share for the current year.

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.

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