Shopify Inc. $SHOP Shares Sold by Bailard Inc.

Bailard Inc. reduced its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,076 shares of the software maker’s stock after selling 5,974 shares during the quarter. Bailard Inc.’s holdings in Shopify were worth $4,853,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Shopify by 1.9% in the first quarter. Vanguard Group Inc. now owns 47,962,280 shares of the software maker’s stock valued at $4,563,106,000 after purchasing an additional 882,168 shares during the period. Jennison Associates LLC grew its stake in shares of Shopify by 118.1% in the second quarter. Jennison Associates LLC now owns 11,519,610 shares of the software maker’s stock valued at $1,328,787,000 after buying an additional 6,238,829 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Shopify by 19.9% in the 2nd quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock valued at $1,247,007,000 after buying an additional 1,781,530 shares during the period. Mackenzie Financial Corp lifted its stake in Shopify by 19.7% during the 1st quarter. Mackenzie Financial Corp now owns 8,648,734 shares of the software maker’s stock worth $822,745,000 after acquiring an additional 1,426,406 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Shopify during the 1st quarter worth about $667,392,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DZ Bank raised Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Arete Research raised shares of Shopify to a “hold” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Shopify in a report on Tuesday. Finally, Benchmark reissued a “buy” rating on shares of Shopify in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and twenty-three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.89.

Shopify Stock Down 1.5%

NASDAQ SHOP opened at $156.59 on Thursday. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19. The firm has a 50 day moving average of $156.67 and a two-hundred day moving average of $131.61. The stock has a market capitalization of $203.51 billion, a PE ratio of 115.99, a price-to-earnings-growth ratio of 5.87 and a beta of 2.73.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations 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 research analysts expect that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

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.