Shopify Inc. $SHOP Holdings Raised by Spire Wealth Management

Spire Wealth Management lifted its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 77,962 shares of the software maker’s stock after acquiring an additional 7,851 shares during the quarter. Spire Wealth Management’s holdings in Shopify were worth $11,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Moran Wealth Management LLC raised its holdings in shares of Shopify by 67.8% during the third quarter. Moran Wealth Management LLC now owns 3,020 shares of the software maker’s stock worth $449,000 after purchasing an additional 1,220 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Shopify by 111.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,056 shares of the software maker’s stock valued at $157,000 after buying an additional 556 shares during the last quarter. WP Advisors LLC acquired a new stake in Shopify during the third quarter worth about $1,038,000. MassMutual Private Wealth & Trust FSB raised its stake in Shopify by 8.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,589 shares of the software maker’s stock worth $385,000 after acquiring an additional 195 shares during the period. Finally, DSM Capital Partners LLC bought a new position in Shopify in the third quarter worth about $296,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Stock Performance

NASDAQ:SHOP opened at $166.74 on Thursday. The stock has a market cap of $217.07 billion, a price-to-earnings ratio of 123.51, a PEG ratio of 5.00 and a beta of 2.83. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19. The business has a fifty day moving average of $160.31 and a 200-day moving average of $147.14.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The business 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%. On average, equities research analysts predict that Shopify Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on SHOP shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $181.00 target price (up from $156.00) on shares of Shopify in a report on Wednesday, November 5th. Bank of America upped their price objective on Shopify from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Wedbush reaffirmed an “outperform” rating and issued a $185.00 target price (up from $160.00) on shares of Shopify in a research report on Tuesday, November 4th. TD Securities raised shares of Shopify to a “hold” rating in a report on Thursday, December 4th. Finally, Raymond James Financial restated a “market perform” rating on shares of Shopify in a research report on Monday, December 1st. Twenty-four investment analysts have rated the stock with a Buy rating and twenty-two have issued a Hold rating to the company’s stock. According to MarketBeat, Shopify presently has an average rating of “Moderate Buy” and an average target price of $169.14.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC reiterated an “outperform” rating and set a $200 price target (about a 20% upside), reinforcing bullish analyst conviction and offering upside for investors. RBC Reiterates Outperform
• Positive Sentiment: Wolfe Research reported an upgrade from “hold” to “outperform” in recent coverage, adding to the string of bullish analyst moves that support near-term momentum. Wolfe Upgrade Coverage
• Positive Sentiment: iDenfy launched an automated ID-verification app targeting high‑risk Shopify orders — a product-level win that can reduce fraud for merchants and improve trust in the platform. iDenfy App Launch
• Neutral Sentiment: MarketWatch notes the stock fell today but still outperformed the broader market, highlighting relative strength despite the pullback. MarketWatch Coverage
• Neutral Sentiment: Several pieces (Yahoo/Finance, MSN, Zacks) are reassessing Shopify’s valuation and momentum, providing balanced analysis on whether recent gains are sustainable — these drive investor debate but not immediate directional pressure. Valuation Assessment
• Negative Sentiment: Swap, a competitor in the merchant/checkout space, raised $100M (on top of a $40M round six months earlier), signaling increased competition and fresh capital that could pressure Shopify’s SMB and payments businesses. Swap Funding
• Negative Sentiment: Wall Street coverage includes at least one downgrade/coverage change (CoreWeave initiated and Shopify mentioned in a negative context) and separate reports that Wolfe viewed shares as fully valued — these negative takes contribute to selling pressure and volatility. CoreWeave Initiation / Downgrade

Shopify Profile

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.