Vanguard Group Inc. Purchases 743,803 Shares of Shopify Inc. $SHOP

Key Points

• Vanguard increased its stake in Shopify by 1.5%, buying 743,803 shares to hold 50,670,627 shares (about 3.89% of the company) valued at roughly $8.16 billion at the end of the quarter.
• Analyst consensus remains positive with an average rating of "Moderate Buy" and an average target price of $162.70, while several firms recently updated targets (e.g., Citigroup $172, BMO $160, Wells Fargo $166).
• Current valuation and price context: Shopify has a market cap of $164.1 billion, a P/E of 135.3, a 12‑month range of $88.14–$182.19, and opened at $125.83, below the average analyst target.

Vanguard Group Inc. grew its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,670,627 shares of the software maker's stock after buying an additional 743,803 shares during the period. Vanguard Group Inc. owned approximately 3.89% of Shopify worth $8,158,643,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Shopify in the fourth quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Shopify during the fourth quarter worth about $31,000. Sound Income Strategies LLC lifted its holdings in shares of Shopify by 82.4% during the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock valued at $31,000 after purchasing an additional 89 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Shopify during the 3rd quarter valued at about $32,000. Finally, Caitlin John LLC acquired a new position in shares of Shopify in the 3rd quarter valued at approximately $36,000. Institutional investors own 69.27% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup reissued a "buy" rating and set a $172.00 target price (down from $195.00) on shares of Shopify in a research note on Friday, February 13th. BMO Capital Markets set a $160.00 price target on shares of Shopify in a report on Thursday, February 12th. Moffett Nathanson raised shares of Shopify from a "neutral" rating to a "buy" rating and set a $150.00 price objective for the company in a research report on Monday, February 9th. Wells Fargo & Company dropped their price objective on shares of Shopify from $191.00 to $166.00 and set an "overweight" rating on the stock in a report on Monday, April 6th. Finally, Truist Financial set a $150.00 price objective on shares of Shopify and gave the company a "buy" rating in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Shopify has an average rating of "Moderate Buy" and an average target price of $162.70.

Shopify Price Performance

NASDAQ:SHOP opened at $125.83 on Monday. The company has a market cap of $164.10 billion, a P/E ratio of 135.30, a price-to-earnings-growth ratio of 4.47 and a beta of 2.82. Shopify Inc. has a twelve month low of $88.14 and a twelve month high of $182.19. The business has a 50 day moving average price of $122.15 and a two-hundred day moving average price of $142.92.

About Shopify

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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