BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 54,622 Shares of Shopify Inc. $SHOP

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 3.9% during the second quarter, HoldingsChannel reports. The firm owned 1,340,613 shares of the software maker’s stock after selling 54,622 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Shopify were worth $154,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC bought a new stake in shares of Shopify during the 2nd quarter worth approximately $25,000. Tradewinds Capital Management LLC raised its stake in shares of Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Shopify during the 2nd quarter worth approximately $29,000. Global Wealth Strategies & Associates raised its stake in shares of Shopify by 182.8% during the 2nd quarter. Global Wealth Strategies & Associates now owns 263 shares of the software maker’s stock worth $30,000 after purchasing an additional 170 shares in the last quarter. Finally, Access Investment Management LLC bought a new stake in shares of Shopify during the 2nd quarter worth approximately $31,000. Institutional investors own 69.27% of the company’s stock.

Shopify Trading Down 6.9%

SHOP opened at $160.94 on Wednesday. The stock’s fifty day simple moving average is $154.62 and its 200 day simple moving average is $129.05. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The stock has a market cap of $209.17 billion, a PE ratio of 89.91, a price-to-earnings-growth ratio of 8.10 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Shopify had a return on equity of 12.30% and a net margin of 23.42%. Shopify has set its Q4 2025 guidance at EPS. Equities analysts forecast that Shopify Inc. will post 1.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SHOP shares. Phillip Securities cut Shopify from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 12th. CIBC upped their price objective on Shopify from $145.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. National Bankshares increased their price target on Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Citigroup increased their price target on Shopify from $155.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Benchmark restated a “buy” rating and issued a $140.00 price target (up previously from $125.00) on shares of Shopify in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twenty-two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.38.

Shopify Company Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.