Charles Schwab Investment Management Inc. Acquires 67,260 Shares of Shopify Inc. $SHOP

Charles Schwab Investment Management Inc. raised its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,622,495 shares of the software maker’s stock after acquiring an additional 67,260 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Shopify were worth $301,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its stake in Shopify by 2.8% during the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after purchasing an additional 584 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in Shopify by 172.0% in the first quarter. Pinnacle Associates Ltd. now owns 12,023 shares of the software maker’s stock valued at $1,148,000 after buying an additional 7,602 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Shopify by 10.6% in the first quarter. Assetmark Inc. now owns 93,440 shares of the software maker’s stock valued at $9,033,000 after buying an additional 8,930 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Shopify by 3.0% in the first quarter. Pacer Advisors Inc. now owns 10,872 shares of the software maker’s stock valued at $1,038,000 after buying an additional 312 shares during the period. Finally, HB Wealth Management LLC increased its position in shares of Shopify by 27.5% during the first quarter. HB Wealth Management LLC now owns 15,076 shares of the software maker’s stock worth $1,439,000 after acquiring an additional 3,249 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

SHOP has been the topic of several research reports. Mizuho boosted their price objective on shares of Shopify from $85.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. UBS Group reissued a “neutral” rating and issued a $165.00 price target (up previously from $145.00) on shares of Shopify in a research note on Wednesday, November 5th. Bank of America boosted their price target on Shopify from $110.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. BNP Paribas Exane initiated coverage on Shopify in a report on Monday. They set a “neutral” rating for the company. Finally, Royal Bank Of Canada lifted their target price on Shopify from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-four have issued a Hold rating to the company. According to MarketBeat, Shopify currently has an average rating of “Hold” and an average price target of $163.89.

Shopify Stock Up 5.1%

SHOP stock opened at $155.31 on Tuesday. The company has a market cap of $202.19 billion, a price-to-earnings ratio of 115.04, a P/E/G ratio of 5.46 and a beta of 2.73. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The business has a 50 day moving average price of $156.80 and a two-hundred day moving average price of $134.63.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data 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. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%. Shopify has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Shopify Inc. will post 1.12 EPS for the current fiscal year.

About Shopify

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.