Vestmark Advisory Solutions Inc. Has $27.97 Million Stake in Shopify Inc. $SHOP

Vestmark Advisory Solutions Inc. raised its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 39.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,465 shares of the software maker’s stock after acquiring an additional 68,311 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Shopify were worth $27,968,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SHOP. Family Legacy Financial Solutions LLC acquired a new stake in Shopify in the 2nd quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its stake in shares of Shopify by 71.4% in the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. Coastline Trust Co bought a new position in Shopify during the second quarter worth $29,000. Smithfield Trust Co increased its position in Shopify by 149.2% during the first quarter. Smithfield Trust Co now owns 314 shares of the software maker’s stock worth $30,000 after acquiring an additional 188 shares during the period. Finally, Dagco Inc. acquired a new position in Shopify during the 1st quarter valued at $30,000. 69.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on SHOP. DA Davidson raised their price target on shares of Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group reissued a “neutral” rating and set a $165.00 target price (up from $145.00) on shares of Shopify in a research report on Wednesday. Arete reiterated a “neutral” rating on shares of Shopify in a research report on Wednesday, July 23rd. Morgan Stanley restated an “overweight” rating and issued a $192.00 target price (up from $165.00) on shares of Shopify in a research note on Wednesday. Finally, TD Cowen reiterated a “hold” rating and set a $156.00 price target on shares of Shopify in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twenty-two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Shopify has an average rating of “Moderate Buy” and a consensus target price of $163.89.

Shopify Stock Down 1.0%

Shares of Shopify stock opened at $154.51 on Friday. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19. The stock has a market capitalization of $200.81 billion, a P/E ratio of 114.45, a price-to-earnings-growth ratio of 6.81 and a beta of 2.73. The company has a 50-day simple moving average of $155.37 and a 200 day simple moving average of $129.48.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify had a net margin of 16.65% and a return on equity of 11.72%. Shopify has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Shopify Inc. will post 1.12 earnings per share for the current year.

Shopify 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.