Shopify Inc. $SHOP Stock Acquired by China Universal Asset Management Co. Ltd.

Key Points

• China Universal Asset Management increased its Shopify stake by 29.2% in the third quarter, acquiring 11,604 additional shares for a total holding worth approximately $7.61 million. Institutional investors collectively own 69.27% of Shopify’s stock.
• Shopify shares opened at $166.89, near their 52-week high of $180.88, with a market capitalization of about $214.7 billion and a high P/E ratio of 112.76.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $177.79, while Shopify’s latest quarterly results exceeded EPS estimates and revenue rose 33.7% year over year.

China Universal Asset Management Co. Ltd. boosted its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 29.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,326 shares of the software maker's stock after acquiring an additional 11,604 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Shopify were worth $7,610,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Shopify by 8.5% in 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 purchasing an additional 660,198 shares during the period. Swiss National Bank grew its stake in shares of Shopify by 27.0% in 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Shopify by 4.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker's stock valued at $436,356,000 after acquiring an additional 145,500 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Shopify by 4.8% during 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 purchasing an additional 159,873 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its position in shares of Shopify by 5.0% during the first quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker's stock valued at $410,219,000 after acquiring an additional 165,080 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company's stock.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $166.89 on Friday. The firm has a fifty day simple moving average of $152.57 and a two-hundred day simple moving average of $130.31. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $180.88. 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 stock has a market capitalization of $214.73 billion, a P/E ratio of 112.76, a PEG ratio of 3.47 and a beta of 2.62.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business 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 company's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. On average, analysts expect that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SHOP shares. Cantor Fitzgerald boosted their target price on Shopify from $145.00 to $158.00 and gave the stock a "neutral" rating in a research report on Monday, October 12th. 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. Sanford C. Bernstein started coverage on shares of Shopify in a report on Thursday, September 10th. They set an "outperform" rating and a $160.00 price target on the stock. DA Davidson set a $200.00 price objective on Shopify and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, ATB Cormark Capital Markets lowered shares of Shopify from a "moderate buy" rating to a "hold" rating in a research report on Thursday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $177.79.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Expanded AI and commerce ecosystem: Shopify is broadening access to AI agents, while Condé Nast is bringing curated product collections from brands including Vogue and GQ to the Shop app. These initiatives could increase merchant and consumer engagement and support transaction growth. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access Condé Nast brings product picks to Shop app
• Positive Sentiment: Merchant retention remains a strength: Shopify reportedly retains 97% of merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and longer-term growth despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Positive Sentiment: Strong competitive positioning in point-of-sale: Javelin Strategy & Research named Shopify POS an Overall Leader in its 2026 small-business POS scorecard, reinforcing the company’s position beyond its core online storefront business. 2026 Small Business Point-of-Sale System Scorecard
• Positive Sentiment: Shopify Ventures participation in Whop’s financing round highlights continued investment in emerging commerce and technology platforms, although the direct financial impact on Shopify is likely limited. Whop’s Valuation Triples
• Neutral Sentiment: Pre-earnings positioning is driving attention: Analysts are focused on third-quarter revenue, merchant solutions, gross merchandise volume, operating margins and holiday-quarter guidance. The stock’s recent uptrend has also prompted bullish options strategies, but the outcome depends on whether results exceed elevated expectations. Shopify Q3 Earnings Preview
• Negative Sentiment: AI investment could pressure profitability: Coverage warns that Shopify’s rapid sales growth is accompanied by higher AI infrastructure and development expenses. Investors want evidence that AI-driven growth will translate into sustainable margin expansion rather than offsetting earnings gains. Shopify’s Booming Sales Come With a Costly Catch

Shopify Company 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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