Shopify Inc. $SHOP Shares Newly Acquired by Formuepleje A S

Key Points

• Formuepleje A S acquired 7,028 Shopify shares worth approximately $1.04 million in the third quarter, while institutional investors and hedge funds collectively own 69.27% of the company.
• Shopify reported quarterly revenue of $3.58 billion, up 33.7% year over year, and adjusted earnings of $0.42 per share, exceeding estimates by $0.02.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $175.37, though Shopify’s elevated valuation and recent gains leave the stock exposed to profit-taking if results or guidance disappoint.

Formuepleje A S purchased a new stake in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,028 shares of the software maker's stock, valued at approximately $1,042,000.

Several other large investors have also recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker's stock valued at $2,257,796,000 after purchasing an additional 1,252,074 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Shopify by 8.5% during the 1st 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 lifted its holdings in Shopify by 27.0% during the 1st quarter. Swiss National Bank now owns 4,115,300 shares of the software maker's stock worth $487,580,000 after buying an additional 876,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position 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 valued at $436,356,000 after buying an additional 145,500 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Shopify by 4.8% in the 1st quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker's stock valued at $414,691,000 after buying an additional 159,873 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Stock Down 0.2%

Shares of SHOP stock traded down $0.30 on Thursday, reaching $172.20. 5,253,007 shares of the stock were exchanged, compared to its average volume of 10,321,146. The company has a market capitalization of $221.56 billion, a price-to-earnings ratio of 116.35, a PEG ratio of 3.65 and a beta of 2.62. The business's 50 day moving average price is $148.25 and its 200 day moving average price is $127.49. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $3.58 billion for the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The firm's quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. As a group, sell-side analysts expect that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Higher analyst price targets and earnings optimism: Baird raised its Shopify price target from $160 to $190 and maintained an “outperform” rating, while Jefferies cited potential upside to gross merchandise volume. The analyst support comes ahead of Shopify’s next earnings report. Shopify analysts see upside ahead of earnings
• Positive Sentiment: AI-commerce infrastructure is strengthening the growth narrative: Shopify’s Shop Pay and merchant network are being positioned as infrastructure for third-party AI shopping agents, including Meta’s Muse. Nearly 2,000 Shopify merchants have reportedly installed DeepLumen’s AI commerce tool, reinforcing expectations that agent-led purchasing could expand Shopify’s payments and transaction opportunity. Shopify AI commerce infrastructure
• Positive Sentiment: Strong underlying growth and cash generation remain supportive: Recent coverage highlighted 32% year-over-year gross merchandise volume growth to $116 billion and an approximately 18% free-cash-flow margin. Shopify’s expanding payments footprint and merchant ecosystem continue to support the long-term bullish case.
• Neutral Sentiment: Takeover speculation is concentrated elsewhere: Unconfirmed acquisition chatter lifted eBay and Etsy, but Shopify was largely unaffected, suggesting the company is currently trading more on fundamentals, AI-commerce prospects and valuation than on merger speculation. E-commerce takeover speculation
• Negative Sentiment: Valuation and implementation risks could limit near-term upside: After gaining roughly 42% since mid-July and trading near its annual high, Shopify’s elevated valuation leaves the shares vulnerable to profit-taking if earnings or guidance disappoint. Merchants also need to update custom integrations for October API changes affecting checkout data, metafield filters, shipping rates and tax recalculations.

Wall Street Analysts Forecast Growth

SHOP has been the topic of a number of recent research reports. Wedbush reaffirmed an "outperform" rating and set a $176.00 price objective on shares of Shopify in a research report on Wednesday, September 23rd. The Goldman Sachs Group upped their price target on Shopify from $170.00 to $194.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Robert W. Baird increased their price target on Shopify from $160.00 to $190.00 and gave the company an "outperform" rating in a research report on Wednesday. Morgan Stanley cut Shopify from an "overweight" rating to a "buy" rating in a research note on Monday, July 13th. Finally, Seaport Research Partners reiterated a "buy" rating and issued a $180.00 price objective on shares of Shopify in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Shopify currently has a consensus rating of "Moderate Buy" and an average price target of $175.37.

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify's products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.

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