Shopify Inc. $SHOP Shares Bought by Manchester Capital Management LLC

Manchester Capital Management LLC increased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 15.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,105 shares of the software maker’s stock after acquiring an additional 1,225 shares during the period. Manchester Capital Management LLC’s holdings in Shopify were worth $1,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SHOP. Family Legacy Financial Solutions LLC purchased a new position in Shopify during the 2nd quarter valued at about $25,000. Financial Gravity Companies Inc. acquired a new stake in shares of Shopify in the second quarter valued at approximately $27,000. Rothschild Investment LLC increased its stake in shares of Shopify by 47.5% during the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Tradewinds Capital Management LLC raised its position 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 during the last quarter. Finally, Coastline Trust Co acquired a new position in shares of Shopify during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on SHOP. CIBC reissued an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Evercore ISI increased their price objective on Shopify from $120.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. TD Securities boosted their target price on shares of Shopify from $130.00 to $156.00 and gave the company a “hold” rating in a research note on Friday, October 3rd. Zacks Research lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada raised their price target on shares of Shopify from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note 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 stock. According to data from MarketBeat, Shopify currently has an average rating of “Hold” and an average price target of $163.89.

Shopify Price Performance

Shares of SHOP stock opened at $155.31 on Tuesday. The firm has a market cap of $202.19 billion, a P/E ratio of 115.04, a PEG ratio of 5.46 and a beta of 2.73. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The firm’s 50-day simple moving average is $156.80 and its 200-day simple moving average is $134.63.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate 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. Analysts expect that Shopify Inc. will post 1.12 earnings per share 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.