Shopify Inc. $SHOP Stock Purchased by Henry James International Management Inc.

Key Points

• Henry James International Management increased its Shopify position by 15.3% in the third quarter to 97,550 shares valued at approximately $14.5 million. Institutional investors and hedge funds collectively own 69.27% of Shopify.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $175.37; several firms recently raised their targets, including National Bank Financial to $180 and Evercore to $175.
• Shopify reported 33.7% year-over-year revenue growth and beat quarterly EPS estimates, but its valuation remains elevated at roughly 116 times earnings, creating risk if growth slows or AI-related costs pressure profitability.

Henry James International Management Inc. boosted its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 15.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,550 shares of the software maker's stock after purchasing an additional 12,978 shares during the period. Shopify comprises approximately 4.4% of Henry James International Management Inc.'s holdings, making the stock its 4th largest position. Henry James International Management Inc.'s holdings in Shopify were worth $14,467,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SHOP. Invesco Ltd. raised its stake in shares of Shopify by 9.8% during the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker's stock worth $2,257,796,000 after buying an additional 1,252,074 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 acquiring an additional 660,198 shares during the period. 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 worth $487,580,000 after acquiring an additional 876,100 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in Shopify by 4.1% in the first 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its position in 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 acquiring an additional 159,873 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. National Bank Financial reissued an "outperform" rating and issued a $180.00 target price (up from $155.00) on shares of Shopify in a report on Wednesday, August 5th. Benchmark upped their price target on shares of Shopify from $145.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. UBS Group reiterated a "neutral" rating and issued a $145.00 price target (up from $130.00) on shares of Shopify in a report on Thursday, August 6th. Evercore reiterated an "outperform" rating and issued a $175.00 price objective (up from $135.00) on shares of Shopify in a research note on Wednesday, August 5th. Finally, Cantor Fitzgerald raised their price objective on shares of Shopify from $145.00 to $158.00 and gave the company a "neutral" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $175.37.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Robert W. Baird raised its price target to $190 from $160 and upgraded Shopify to “Outperform,” implying roughly 10% upside from recent levels. This is the latest in a series of analyst endorsements. Benzinga and The Fly analyst update
• Positive Sentiment: Analysts are increasingly positioning Shopify as a key infrastructure provider for agentic commerce. Its Shop Pay integrations can allow third-party AI agents to complete purchases across Shopify’s merchant base, potentially expanding payment volume and platform revenue. Shopify’s expanding AI commerce infrastructure role
• Positive Sentiment: Algolia launched a native Shopify B2B integration with account-specific search, pricing and product discovery. The partnership could improve conversion and purchasing efficiency for Shopify’s wholesale and business-commerce merchants. Algolia Shopify B2B integration
• Neutral Sentiment: Shopify’s recent rally has brought the stock near a record closing level, reflecting strong investor expectations. Revenue growth, payments expansion and AI opportunities support the long-term case, but the shares already discount substantial success. Shopify stock after its first record close
• Negative Sentiment: Valuation remains a key risk. Shopify trades at a high earnings multiple after a sharp multi-month advance, making the stock vulnerable to profit-taking or disappointment if growth slows.
• Negative Sentiment: Some commentary warns that the cost of developing and deploying AI tools could pressure profitability, even if agentic commerce becomes a significant long-term growth opportunity. Shopify AI costs and profitability

Shopify Price Performance

Shopify stock traded down $4.59 during trading hours on Wednesday, hitting $171.93. The stock had a trading volume of 4,659,926 shares, compared to its average volume of 10,328,504. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The stock has a market capitalization of $221.21 billion, a price-to-earnings ratio of 116.17, a PEG ratio of 3.70 and a beta of 2.62. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The stock's fifty day moving average is $147.68 and its two-hundred day moving average is $127.08.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last issued 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 firm had revenue of $3.58 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. Shopify's revenue was up 33.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. As a group, analysts predict that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Shopify Profile

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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