Waverly Advisors LLC Has $2.68 Million Stake in Shopify Inc. $SHOP

Waverly Advisors LLC increased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 68.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,448 shares of the software maker’s stock after acquiring an additional 9,519 shares during the period. Waverly Advisors LLC’s holdings in Shopify were worth $2,677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SHOP. Brighton Jones LLC increased its stake in shares of Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after buying an additional 584 shares during the period. AQR Capital Management LLC boosted its position in Shopify by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after buying an additional 7,544 shares during the period. Sivia Capital Partners LLC boosted its position in Shopify by 6.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after buying an additional 506 shares during the period. Osterweis Capital Management Inc. bought a new stake in Shopify during the 2nd quarter worth approximately $53,000. Finally, Main Street Financial Solutions LLC grew its holdings in Shopify by 15.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after acquiring an additional 1,479 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SHOP. Citizens Jmp raised their price target on shares of Shopify from $150.00 to $185.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. Wells Fargo & Company reissued an “overweight” rating and issued a $180.00 price objective (up from $144.00) on shares of Shopify in a research note on Friday, August 7th. Zacks Research downgraded Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Susquehanna started coverage on Shopify in a research report on Friday, July 10th. They set a “neutral” rating for the company. Finally, BTIG Research initiated coverage on Shopify in a research report on Friday, July 10th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Shopify presently has an average rating of “Moderate Buy” and an average target price of $171.34.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bernstein starts coverage at Outperform: Bernstein initiated coverage with a $160 price target, implying more than 26% upside from Thursday’s close. The firm said Shopify is well positioned to lead innovation in commerce, supporting the stock’s premarket strength. Shopify Shares Rise 2.5% as Bernstein Starts Coverage at Outperform
• Positive Sentiment: Operating leverage and AI-commerce potential: StoneX highlighted that Shopify’s headcount has remained flat for more than eight quarters while revenue grew roughly 34%, suggesting improving efficiency. Analysts also view Shopify’s AI commerce initiatives as a potential growth driver rather than an immediate threat. StoneX Backs Shopify on Agent Commerce Data
• Positive Sentiment: Expansion of merchant services: Analysts remain constructive after Shopify’s reported 34% revenue growth, strong gross merchandise volume and $654 million in free cash flow. The planned expansion of Shop Pay Installments into Australia and the addition of Tailwind Labs’ team could strengthen Shopify’s merchant ecosystem and custom-storefront capabilities. Shopify: Buy The Affirm Australia Expansion, But Do Not Chase Blindly
• Neutral Sentiment: Recent selloff leaves technical and valuation questions: SHOP recently fell below a key technical level and remains below its 50-day moving average, although it is above its 200-day average. With a price-to-earnings ratio near 87, investors may be reluctant to chase the rebound despite the bullish $160 target. Turn Shopify Stock Sell-Off Into A Profit Opportunity With This Spread Strategy
• Negative Sentiment: AI-agent competition remains a concern: The launch of consumer AI agents from companies including Meta has weighed on confidence in Shopify, contributing to a sharp recent decline. The bullish view is that these agents may ultimately drive more commerce through Shopify’s infrastructure, but that thesis is not yet proven. Why Meta’s Consumer AI Agent Is Good News for Shopify Stock

Shopify Trading Up 1.7%

SHOP opened at $128.79 on Friday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The company has a fifty day moving average of $135.65 and a 200-day moving average of $123.14. The stock has a market cap of $165.71 billion, a PE ratio of 87.02, a price-to-earnings-growth ratio of 2.63 and a beta of 2.61. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $3.58 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. Shopify’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, sell-side analysts predict that Shopify Inc. will post 1.45 EPS for the current year.

Shopify Profile

Shopify Inc (NASDAQ:SHOP) is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow retail operations. Its platform enables merchants to create and manage online stores, sell through social media and other digital channels, and support in-person sales through Shopify’s point-of-sale solutions.

Shopify’s products and services include online storefront and website-building tools, payment processing through Shopify Payments, point-of-sale hardware and software, inventory and order management, shipping and fulfillment tools, marketing features, analytics, and financing services for eligible merchants.