Eleva Capital SAS acquired a new stake in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) during the third quarter, HoldingsChannel reports. The fund acquired 10,663 shares of the software maker’s stock, valued at approximately $1,581,000. Shopify makes up approximately 1.3% of Eleva Capital SAS’s holdings, making the stock its 17th largest holding.
A number of other hedge funds also recently made changes to their positions in SHOP. Tsfg LLC boosted its position in shares of Shopify by 4.0% in the second quarter. Tsfg LLC now owns 2,028 shares of the software maker’s stock worth $232,000 after purchasing an additional 78 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Shopify by 5.0% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,751 shares of the software maker’s stock valued at $260,000 after purchasing an additional 83 shares during the period. Parr Mcknight Wealth Management Group LLC lifted its stake in shares of Shopify by 3.1% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker’s stock valued at $328,000 after buying an additional 84 shares in the last quarter. Caerus Investment Advisors LLC increased its stake in Shopify by 5.6% in the 1st quarter. Caerus Investment Advisors LLC now owns 1,688 shares of the software maker’s stock worth $200,000 after buying an additional 90 shares in the last quarter. Finally, Confluence Investment Management LLC increased its stake in Shopify by 1.0% in the 3rd quarter. Confluence Investment Management LLC now owns 8,904 shares of the software maker’s stock worth $1,320,000 after buying an additional 90 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.
Shopify News Roundup
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: JPMorgan raised its price target to $200 and upgraded Shopify to “overweight,” up from a $185 target. The new target implies approximately 21% upside from the referenced $165 level, providing the clearest near-term catalyst for the stock. Shopify Price Target Raised to $200
- Positive Sentiment: Recent coverage describes Shopify’s rebound through a key technical resistance level, potentially encouraging momentum-oriented investors. The company’s market capitalization has surpassed $205 billion following the rally. Shopify Stock Resistance and Rally
- Positive Sentiment: Wall Street confidence and Shopify’s investment in artificial intelligence remain supportive themes. Coverage indicates the company is seeing encouraging results from its AI initiatives, which could improve merchant tools and support future growth. Shopify AI Strategy
- Neutral Sentiment: Shopify will report third-quarter 2026 results before the market opens on November 3, followed by an 8:30 a.m. ET conference call. The announcement creates a potential catalyst, but no preliminary financial figures or updated guidance were provided. Shopify Third-Quarter Results Announcement
- Negative Sentiment: Despite the bullish JPMorgan call, the stock’s sharp advance may leave less room for upside. A reported six-month analyst median target of $147.50 is below the referenced share price, highlighting valuation and expectation risks if upcoming results fail to justify the rally. Shopify Analyst Ratings
Shopify Price Performance
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The business had revenue of $3.58 billion for the quarter. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue was up 33.7% on a year-over-year basis. As a group, analysts predict that Shopify Inc. will post 1.46 EPS for the current year.
Analysts Set New Price Targets
SHOP has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on Shopify in a research report on Thursday, September 10th. They issued an “outperform” rating and a $160.00 price objective on the stock. Citizens Jmp lifted their target price on Shopify from $150.00 to $185.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. The Goldman Sachs Group upped their price target on Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $150.00 price objective on shares of Shopify and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Royal Bank Of Canada set a $180.00 target price on shares of Shopify and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $172.39.
Check Out Our Latest Stock Report on Shopify
Shopify Profile
Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.
Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.
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