One Wealth Capital Management LLC decreased its stake in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 88.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,696 shares of the software maker’s stock after selling 12,708 shares during the quarter. One Wealth Capital Management LLC’s holdings in Shopify were worth $252,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Fortitude Family Office LLC purchased a new position in Shopify during the third quarter valued at approximately $29,000. Graney & King LLC acquired a new position in Shopify in the first quarter valued at approximately $27,000. Evolution Wealth Management Inc. boosted its position in Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Trellis Wealth Advisors LLC purchased a new stake in Shopify in the 3rd quarter worth approximately $37,000. Finally, Roxbury Financial LLC boosted its position in Shopify by 171.0% in the 3rd quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock worth $40,000 after purchasing an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. National Bank Financial reaffirmed an “outperform” rating and set a $180.00 price objective (up from $155.00) on shares of Shopify in a research note on Wednesday, August 5th. Robert W. Baird boosted their target price on shares of Shopify from $160.00 to $190.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group increased their price target on shares of Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup restated an “outperform” rating on shares of Shopify in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald lifted their price objective on shares of Shopify from $145.00 to $158.00 and gave the company a “neutral” rating in a report on Monday, October 12th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Shopify presently has an average rating of “Moderate Buy” and an average price target of $177.28.
Check Out Our Latest Stock Analysis on Shopify
Shopify Stock Performance
Shares of SHOP stock opened at $168.68 on Friday. The company has a market capitalization of $217.03 billion, a P/E ratio of 113.97, a P/E/G ratio of 3.48 and a beta of 2.62. The business’s 50 day moving average is $150.92 and its two-hundred day moving average is $130.14. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19.
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $3.58 billion for the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 earnings per share. Analysts expect that Shopify Inc. will post 1.46 EPS for the current fiscal year.
Shopify News Roundup
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: RBC raises target and reiterates bullish view: RBC Dominion Securities initiated an “outperform” rating with a $200 price target, implying approximately 18.2% upside from the referenced $169.23 price. RBC Dominion Securities raises Shopify price target
- Positive Sentiment: AI-driven commerce opportunity: Polen Capital’s Q3 2026 investor commentary identified Shopify as a potential beneficiary of “agentic commerce,” in which AI tools help consumers discover and purchase products. This supports the view that Shopify could benefit from, rather than be disrupted by, AI adoption. Shopify could benefit from AI-driven agentic commerce
- Positive Sentiment: Growth and momentum remain investor supports: Coverage highlights Shopify’s earnings growth, payments expansion, strong gross merchandise volume and 56% three-month share-price rally. Shopify’s ecosystem also continues to expand through certified technology partners such as poq and new checkout-related commerce tools. Shopify earnings growth and price strength
- Neutral Sentiment: New merchant monetization initiatives: Disco launched an advertiser-funded cashback format within Shopify checkout, reporting roughly 5% higher order conversion in pilot data. The development could improve merchant engagement and checkout monetization, although the direct financial benefit to Shopify is not yet clear. Disco launches Pre-Purchase for Shopify checkout
- Negative Sentiment: Valuation and downgrade risks: ATB Cormark downgraded Shopify to “sector perform” from “outperform” after the sharp rally, citing the stock’s substantial appreciation. Commentary also warns that Shopify’s premium valuation leaves less room for disappointment, despite strong operating growth. ATB Cormark downgrades Shopify after rally
Shopify Company Profile
Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.
The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.
Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.
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