Franklin Street Advisors Inc. NC Sells 93,448 Shares of Shopify Inc. $SHOP

Franklin Street Advisors Inc. NC trimmed its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 62.8% in the 2nd quarter, Holdings Channel reports. The firm owned 55,255 shares of the software maker’s stock after selling 93,448 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Shopify were worth $6,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SHOP. Kingdom Financial Group LLC. purchased a new stake in Shopify during the 4th quarter valued at $26,000. Curio Wealth LLC purchased a new position in shares of Shopify in the 4th quarter worth $27,000. Evolution Wealth Management Inc. boosted its stake in shares of 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 buying an additional 155 shares during the last quarter. Graney & King LLC bought a new stake in shares of Shopify in the first quarter worth $27,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Shopify in the fourth quarter worth $29,000. Institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

NASDAQ:SHOP opened at $151.57 on Monday. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The business has a fifty day moving average price of $119.29 and a 200-day moving average price of $119.56. The firm has a market capitalization of $196.69 billion, a price-to-earnings ratio of 102.41, a price-to-earnings-growth ratio of 3.21 and a beta of 2.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share 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%.Shopify’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 earnings per share. Sell-side analysts forecast that Shopify Inc. will post 1.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America started coverage on Shopify in a research report on Tuesday, July 7th. They set a “buy” rating and a $150.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Shopify in a research report on Monday, August 3rd. Evercore restated an “outperform” rating and set a $175.00 price target (up from $135.00) on shares of Shopify in a research note on Wednesday. Canaccord Genuity Group set a $180.00 price target on shares of Shopify and gave the company a “buy” rating in a research report on Wednesday. Finally, UBS Group reiterated a “neutral” rating and issued a $145.00 price objective (up from $130.00) on shares of Shopify in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Shopify has an average rating of “Moderate Buy” and an average price target of $170.72.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q2 results exceeded expectations: Shopify reported revenue of approximately $3.58 billion, up 33.7% year over year, and earnings of $0.42 per share versus consensus of $0.40. Growth was supported by strong gross merchandise volume (GMV), expanding payments penetration and improved profitability. SHOP Q2 Earnings Beat Estimates
• Positive Sentiment: Healthy forward guidance: Management expects low-30% revenue growth in the third quarter, reinforcing the view that merchant demand and platform momentum remain strong. Free-cash-flow margins of about 18% also highlighted operating leverage. Shopify Q3 Revenue Outlook
• Positive Sentiment: AI is emerging as a growth catalyst: Shopify executives said traffic and orders originating from AI platforms, including ChatGPT and Gemini, have tripled over the past year. The company is investing in agentic commerce infrastructure, suggesting AI is expanding rather than displacing Shopify’s merchant ecosystem. Shopify Executive Discusses AI and Entrepreneurship
• Positive Sentiment: Analysts raised targets: Goldman Sachs, Citigroup, JPMorgan, Wedbush, BMO and Benchmark all increased their price targets following the results, with several maintaining buy or outperform ratings. These revisions provide additional support for the rally and reflect improved growth expectations.
• Neutral Sentiment: Valuation is demanding: After the earnings-driven advance, Shopify trades at a high earnings multiple. Continued upside likely depends on the company sustaining 30%-plus growth and converting AI and GMV momentum into durable profits. Shopify Q2 Risks and Opportunities
• Negative Sentiment: Some caution remains: Cantor Fitzgerald maintained a neutral rating despite raising its target to $145, while commentary has warned that elevated expectations and the stock’s volatility could limit further gains. Cathie Wood’s reported trimming of Shopify holdings also represents a modest negative sentiment signal.

Shopify Company 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.