Prime Capital Investment Advisors LLC Buys 7,993 Shares of Shopify Inc. $SHOP

Prime Capital Investment Advisors LLC increased its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 52.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,251 shares of the software maker’s stock after buying an additional 7,993 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Shopify were worth $3,448,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Evolution Wealth Management Inc. boosted its holdings in 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 acquiring an additional 155 shares during the period. Graney & King LLC acquired a new stake in Shopify in the first quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Shopify during the third quarter valued at approximately $29,000. Trellis Wealth Advisors LLC purchased a new stake in shares of Shopify during the third quarter valued at approximately $37,000. Finally, Roxbury Financial LLC raised its stake in shares of Shopify by 171.0% during the third quarter. Roxbury Financial LLC now owns 271 shares of the software maker’s stock valued at $40,000 after purchasing an additional 171 shares during the period. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Shopify Stock Performance

Shopify stock opened at $174.29 on Thursday. The company has a market cap of $224.25 billion, a PE ratio of 117.76, a P/E/G ratio of 3.58 and a beta of 2.62. The company has a fifty day moving average price of $150.43 and a two-hundred day moving average price of $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. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company 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%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. Research analysts expect that Shopify Inc. will post 1.46 earnings per share for the current year.

Shopify News Summary

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.

Analyst Ratings Changes

Several research analysts have recently weighed in on SHOP shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Shopify from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wedbush reaffirmed an “outperform” rating and set a $176.00 price target on shares of Shopify in a report on Wednesday, September 23rd. Susquehanna assumed coverage on shares of Shopify in a research note on Friday, July 10th. They set a “neutral” rating on the stock. National Bank Financial reiterated an “outperform” rating and issued a $180.00 price objective (up from $155.00) on shares of Shopify in a report on Wednesday, August 5th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Shopify in a report on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.89.

About Shopify

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.