Shopify Inc. $SHOP Shares Bought by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Key Points

• Bay Colony Advisory Group increased its Shopify stake by 387.2% in the second quarter, holding 19,347 shares valued at approximately $2.21 million. Institutional investors collectively own 69.27% of Shopify.
• Shopify reported quarterly EPS of $0.42, exceeding estimates of $0.40, while revenue rose 33.7% year over year to $3.58 billion. The stock opened at $155.18, up 2.4%.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $170.72; however, legal scrutiny over embedded checkout technology and privacy practices presents a potential risk.

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 387.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,347 shares of the software maker's stock after purchasing an additional 15,376 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Shopify were worth $2,209,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Community Financial Services Group LLC purchased a new position in Shopify in the second quarter valued at about $74,000. Kopp Family Office LLC acquired a new position in shares of Shopify during the 2nd quarter worth $1,348,000. Harrell Investment Partners LLC raised its stake in shares of Shopify by 3.3% during the 2nd quarter. Harrell Investment Partners LLC now owns 15,121 shares of the software maker's stock worth $1,727,000 after buying an additional 489 shares during the last quarter. Sapient Capital LLC boosted its position in shares of Shopify by 10.0% in the 2nd quarter. Sapient Capital LLC now owns 5,863 shares of the software maker's stock worth $669,000 after buying an additional 532 shares in the last quarter. Finally, World Equity Group Inc. boosted its position in shares of Shopify by 59.8% in the 2nd quarter. World Equity Group Inc. now owns 6,827 shares of the software maker's stock worth $780,000 after buying an additional 2,554 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company's stock.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Recent commentary highlights Shopify’s strong underlying momentum, including rising sales and free cash flow, solid gross-merchandise-volume growth and margin expansion. Analysts and commentators argue that Merchant Solutions, Shopify Magic and Sidekick could support continued growth. Why Shopify Stock Soared This Week Shopify: The Next Era of E-Commerce
• Positive Sentiment: AI-enabled “agentic commerce” is viewed as a significant long-term opportunity, with Shopify positioned to help merchants automate online retail workflows and transactions. This narrative is supporting the stock’s growth premium. Why Shopify Stock Could Be the Biggest Winner in Agentic AI Commerce
• Positive Sentiment: Zacks recently identified Shopify as a stock to watch because of its earnings growth and price strength. The company also beat the latest quarterly EPS estimate, while revenue increased 33.7% year over year. Earnings Growth and Price Strength Make Shopify a Stock to Watch
• Positive Sentiment: Several analysts raised Shopify price targets to between $165 and $196, reinforcing bullish sentiment and suggesting additional upside in some forecasts. Shopify Price Target Raised
• Neutral Sentiment: Shopify’s partner ecosystem reportedly supports approximately 1.5 million jobs worldwide, underscoring the platform’s broad economic reach and merchant-network effects, though the figure does not directly change near-term earnings. Shopify’s Partner Ecosystem Thrives
• Negative Sentiment: Legal scrutiny of embedded checkout technology and privacy practices introduces regulatory and litigation risk. Adverse findings could increase compliance costs or affect how Shopify and merchants use tracking and checkout tools. Embedded Tech, Real Privacy Risk

Shopify Trading Up 2.4%

Shares of Shopify stock opened at $155.18 on Tuesday. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The business's fifty day moving average is $119.91 and its two-hundred day moving average is $119.63. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. The firm has a market cap of $201.37 billion, a PE ratio of 104.85, a P/E/G ratio of 3.21 and a beta of 2.58.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $3.58 billion during the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%.Shopify's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. Analysts anticipate that Shopify Inc. will post 1.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SHOP shares. Royal Bank Of Canada set a $180.00 price objective on shares of Shopify and gave the company an "outperform" rating in a research note on Thursday. Oppenheimer restated an "outperform" rating and set a $175.00 target price on shares of Shopify in a research report on Wednesday, May 6th. Stifel Nicolaus set a $150.00 price target on shares of Shopify and gave the company a "buy" rating in a report on Thursday, July 9th. BTIG Research initiated coverage on shares of Shopify in a research report on Friday, July 10th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Shopify from $170.00 to $194.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $170.72.

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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