Fiduciary Alliance LLC Cuts Stock Holdings in Shopify Inc. $SHOP

Fiduciary Alliance LLC decreased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 27.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 16,263 shares of the software maker’s stock after selling 6,006 shares during the quarter. Fiduciary Alliance LLC’s holdings in Shopify were worth $2,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kingdom Financial Group LLC. purchased a new position in Shopify during the fourth quarter worth about $26,000. Curio Wealth LLC purchased a new stake in Shopify in the 4th quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Shopify in the 4th quarter valued at about $29,000. Lloyd Advisory Services LLC. bought a new position in shares of Shopify during the 4th quarter worth approximately $31,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Shopify in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Down 2.2%

Shares of SHOP stock opened at $111.62 on Friday. The firm has a market cap of $144.84 billion, a P/E ratio of 110.52, a PEG ratio of 3.14 and a beta of 2.60. The company has a 50 day moving average of $112.89 and a 200-day moving average of $128.41. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. As a group, equities analysts expect that Shopify Inc. will post 1.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $150.00 target price on Shopify in a report on Wednesday, May 6th. UBS Group reiterated a “neutral” rating on shares of Shopify in a report on Thursday, May 28th. Weiss Ratings cut Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Jefferies Financial Group restated a “hold” rating and issued a $140.00 price objective (down from $150.00) on shares of Shopify in a research note on Tuesday, May 5th. Finally, National Bank Financial decreased their target price on Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Shopify has an average rating of “Moderate Buy” and a consensus price target of $157.17.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify shares had a strong session earlier this week, with a volume-backed jump that suggests traders are still willing to buy the dip, even as near-term earnings estimate revisions appear less supportive of immediate upside. Shopify (SHOP) Surges 6.0%: Is This an Indication of Further Gains?
• Positive Sentiment: Shopify continues to receive generally bullish Wall Street coverage, with the average brokerage recommendation leaning toward Buy, which can help support investor confidence in the stock’s longer-term growth story. Is It Worth Investing in Shopify (SHOP) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: A new Shopify-native fraud prevention app from SEON and Domaine adds to the platform’s merchant tools, but the announcement appears more incremental than materially moving for the stock. SEON and Domaine Launch New Shopify-Native Fraud Prevention App for High Growth Brands
• Neutral Sentiment: Shopify’s AI infrastructure work, including multi-provider failover for engineers, highlights operational sophistication, but it is not an immediate catalyst for shares. How Shopify built an AI stack that doesn’t care which models survive
• Negative Sentiment: Recent analysis says Shopify has fallen more than the broader market in the latest session, reflecting continued investor caution after a strong run and concerns that valuation may still be demanding. Here’s Why Shopify (SHOP) Fell More Than Broader Market
• Negative Sentiment: One article argues that Shopify’s recent rebound may not be fully justified at current levels, suggesting investors are still debating whether the stock is priced for perfection. Shopify (SHOP) Stock After Recent Rebound Is The Current Price Still Justified

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.