Shopify Inc. $SHOP Stock Holdings Boosted by ProShare Advisors LLC

Key Points

• ProShare Advisors increased its Shopify stake by 3.0% in the third quarter to 1.17 million shares valued at approximately $173.2 million. Institutional investors and hedge funds collectively own 69.27% of the company.
• Shopify shares were trading down 5.6%, with a market capitalization of about $202.6 billion and a high P/E ratio of 106.41. The company reported 33.7% year-over-year revenue growth in its latest quarter and exceeded analysts’ EPS expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $177.79. Growth opportunities include AI-enabled commerce, the Shop app’s partnership with Condé Nast, and strong merchant retention, though elevated AI spending and valuation-related margin concerns remain risks.

ProShare Advisors LLC grew its stake in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,168,156 shares of the software maker's stock after acquiring an additional 34,087 shares during the quarter. ProShare Advisors LLC owned about 0.09% of Shopify worth $173,238,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SHOP. Vise Technologies Inc. increased its stake in Shopify by 30.4% in the third quarter. Vise Technologies Inc. now owns 42,255 shares of the software maker's stock valued at $6,266,000 after purchasing an additional 9,854 shares during the period. Investment Partners LTD. purchased a new stake in Shopify during the third quarter worth approximately $257,000. Cidel Asset Management Inc. grew its holdings in Shopify by 5,981.5% during the 3rd quarter. Cidel Asset Management Inc. now owns 144,011 shares of the software maker's stock valued at $21,394,000 after purchasing an additional 141,643 shares in the last quarter. Intrua Financial LLC acquired a new stake in shares of Shopify in the 3rd quarter valued at about $352,000. Finally, MGO One Seven LLC raised its stake in Shopify by 6.2% during the third quarter. MGO One Seven LLC now owns 26,082 shares of the software maker's stock worth $3,868,000 after acquiring an additional 1,523 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.

Key Shopify News

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

Shopify Trading Down 5.6%

Shares of Shopify stock opened at $157.49 on Friday. The stock's 50-day simple moving average is $152.78 and its 200 day simple moving average is $130.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $180.88. The stock has a market capitalization of $202.63 billion, a P/E ratio of 106.41, a P/E/G ratio of 3.25 and a beta of 2.62.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping 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%. Shopify's revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. As a group, research analysts anticipate that Shopify Inc. will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on SHOP shares. Seaport Research Partners restated a "buy" rating and set a $180.00 price objective on shares of Shopify in a report on Thursday, October 8th. Robert W. Baird increased their price objective on Shopify from $160.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 14th. Citigroup upped their target price on shares of Shopify from $196.00 to $216.00 and gave the stock a "buy" rating in a research report on Tuesday, October 27th. Truist Financial set a $180.00 target price on Shopify and gave the company a "buy" rating in a research note on Wednesday, August 5th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $200.00 price objective (up from $180.00) on shares of Shopify in a report on Friday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Shopify has a consensus rating of "Moderate Buy" and an average price target of $177.79.

Shopify 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.

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.