Shopify Inc. $SHOP Stock Holdings Increased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 52.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,251 shares of the software maker’s stock after purchasing an additional 7,993 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Shopify were worth $3,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Net Worth Advisory Group lifted its stake in Shopify by 21.8% in the third quarter. Net Worth Advisory Group now owns 3,275 shares of the software maker’s stock valued at $488,000 after buying an additional 587 shares during the last quarter. Vision Capital Management Inc. acquired a new position in shares of Shopify during the third quarter valued at $222,000. Eagle Wealth Advisors LLC boosted its holdings in shares of Shopify by 3.0% during the third quarter. Eagle Wealth Advisors LLC now owns 2,330 shares of the software maker’s stock valued at $346,000 after acquiring an additional 67 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Shopify by 1.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,736 shares of the software maker’s stock worth $2,185,000 after acquiring an additional 189 shares during the last quarter. Finally, Midway Capital Research & Management grew its position in shares of Shopify by 0.5% during the third quarter. Midway Capital Research & Management now owns 14,008 shares of the software maker’s stock worth $2,077,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

SHOP has been the topic of a number of analyst reports. Susquehanna assumed coverage on shares of Shopify in a report on Friday, July 10th. They issued a “neutral” rating on the stock. UBS Group reiterated a “neutral” rating and issued a $145.00 price objective (up from $130.00) on shares of Shopify in a research report on Thursday, August 6th. Wells Fargo & Company reissued an “overweight” rating and set a $180.00 target price (up from $144.00) on shares of Shopify in a research note on Friday, August 7th. Canaccord Genuity Group set a $180.00 target price on shares of Shopify and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Rothschild & Co Redburn set a $130.00 target price on shares of Shopify and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.89.

Shopify Stock Up 0.5%

SHOP opened at $174.29 on Thursday. The stock’s 50 day moving average price is $150.43 and its 200 day moving average price is $129.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The stock has a market cap of $224.25 billion, a P/E ratio of 117.76, a P/E/G ratio of 3.58 and a beta of 2.62. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The company had revenue of $3.58 billion during the quarter. During the same quarter last year, the firm posted $0.69 EPS. The company’s revenue was up 33.7% compared to the same quarter last year. As a group, research analysts predict that Shopify Inc. will post 1.46 earnings per share for the current year.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Meta AI commerce partnership strengthens Shopify’s growth story. Shopify brought Shop Pay checkout to Meta’s Muse AI shopping agent, allowing AI-driven orders to generate the same merchant economics as purchases made through a store’s standard checkout. Investors view the agreement as evidence that Shopify could become core infrastructure for agentic commerce. Shopify Soars 33% in a Month on Meta’s Muse Deal
• Positive Sentiment: AI product integrations are broadening Shopify’s platform appeal. Vercel launched an open-source Next.js integration for Shopify, helping merchants build AI-focused storefronts with support for shopping agents and customized checkout experiences. Separately, Octane AI introduced Phoenix, an automated quiz-building and personalization tool for Shopify brands. These developments may increase merchant engagement and reinforce Shopify’s position in AI-enabled retail. Shopify Launches Open Source Next.js Integration Octane AI Launches Phoenix
• Positive Sentiment: Analyst commentary remains favorable. Reports point to rising earnings estimates, anticipated revenue growth of approximately 31.5% this year, expanding enterprise relationships, and increasing use of AI tools. Shopify’s recent earnings beat and 33.7% year-over-year quarterly revenue growth provide additional fundamental support. Bull of the Day: Shopify
• Neutral Sentiment: Carnegie Investment Counsel increased its Shopify holdings by 3.2%, a modest institutional vote of confidence that is unlikely to materially affect the stock by itself. Shopify Holdings Raised by Carnegie Investment Counsel
• Negative Sentiment: Valuation and profit-taking are growing risks. After the sharp rally, Shopify trades at a very high earnings multiple, and investors are debating whether the gains can continue. Any slowdown in AI monetization, revenue growth, or enterprise adoption could trigger volatility or profit-taking.

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.