Rathbones Group PLC Grows Position in Shopify Inc. $SHOP

Rathbones Group PLC raised its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,577,832 shares of the software maker’s stock after purchasing an additional 105,683 shares during the period. Rathbones Group PLC owned 0.12% of Shopify worth $182,002,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Prosperity Consulting Group LLC grew its stake in Shopify by 1.5% in the 2nd quarter. Prosperity Consulting Group LLC now owns 6,011 shares of the software maker’s stock valued at $693,000 after buying an additional 90 shares in the last quarter. Hummer Financial Advisory Services Inc lifted its position in shares of Shopify by 3.8% during the second quarter. Hummer Financial Advisory Services Inc now owns 2,595 shares of the software maker’s stock worth $299,000 after acquiring an additional 95 shares in the last quarter. SouthState Corp boosted its holdings in shares of Shopify by 3.7% in the second quarter. SouthState Corp now owns 2,768 shares of the software maker’s stock worth $319,000 after acquiring an additional 99 shares during the period. Salem Investment Counselors Inc. boosted its holdings in shares of Shopify by 16.7% in the second quarter. Salem Investment Counselors Inc. now owns 700 shares of the software maker’s stock worth $81,000 after acquiring an additional 100 shares during the period. Finally, Moseley Investment Management Inc. grew its position in shares of Shopify by 2.8% in the second quarter. Moseley Investment Management Inc. now owns 3,674 shares of the software maker’s stock valued at $424,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SHOP. TD Cowen reissued a “hold” rating and set a $156.00 price objective on shares of Shopify in a report on Friday, October 3rd. ATB Capital cut shares of Shopify to a “sector perform” rating in a research report on Thursday, August 7th. KeyCorp boosted their price objective on shares of Shopify from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. DA Davidson upped their price objective on shares of Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $192.00 target price (up previously from $165.00) on shares of Shopify in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and twenty-three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.89.

Shopify Stock Down 2.3%

Shares of NASDAQ SHOP opened at $152.41 on Friday. The firm’s fifty day moving average is $155.59 and its 200 day moving average is $130.28. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19. The company has a market cap of $198.08 billion, a price-to-earnings ratio of 112.90, a PEG ratio of 5.71 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. Equities research 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.