Integrity Alliance LLC. Purchases 3,871 Shares of Shopify Inc. $SHOP

by · The Markets Daily

Integrity Alliance LLC. grew its position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 18.8% in the third quarter, HoldingsChannel reports. The fund owned 24,477 shares of the software maker’s stock after acquiring an additional 3,871 shares during the period. Integrity Alliance LLC.’s holdings in Shopify were worth $3,630,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Swiss National Bank increased its stake in Shopify by 27.0% in the 1st quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock valued at $487,580,000 after buying an additional 876,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Shopify in the third quarter valued at about $102,751,000. The Manufacturers Life Insurance Company increased its position in shares of Shopify by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after acquiring an additional 660,198 shares during the last quarter. Bank of Nova Scotia boosted its position in Shopify by 24.2% during the first quarter. Bank of Nova Scotia now owns 3,196,004 shares of the software maker’s stock valued at $379,111,000 after purchasing an additional 621,893 shares during the last quarter. Finally, Nykredit A S bought a new position in Shopify in the second quarter valued at approximately $41,959,000. 69.27% of the stock is owned by institutional investors.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

  • Positive Sentiment: Shopify reported Q3 revenue of $3.74 billion, up 31.6% year over year, and earnings per share of $0.49, above consensus. Free cash flow rose 61% to $816 million, while operating income increased 66%. Read More.
  • Positive Sentiment: Analyst actions were broadly supportive: National Bank Financial raised its target to $185 and reaffirmed “outperform,” while RBC maintained “outperform” with a $200 target. UBS raised its target to $160 but kept a neutral rating. Read More. · Read More. · Read More.
  • Positive Sentiment: ARK Invest reportedly bought $12.5 million of Shopify shares during the post-earnings weakness, providing a vote of confidence from a prominent growth investor. Read More.
  • Neutral Sentiment: Shopify highlighted growing AI-driven shopping activity, expanding payments penetration and rising Shop Pay usage. These initiatives could support future growth, though their financial contribution remains to be proven. Read More.
  • Negative Sentiment: The quarter fell short of expectations on gross merchandise volume (about $119.1 billion) and subscription revenue; some reports also cited a modest revenue miss. The shortfalls triggered the recent sell-off and keep expectations for holiday-quarter execution high. Read More.
  • Negative Sentiment: Valuation remains a risk: Shopify trades at a rich earnings multiple, leaving the stock vulnerable if growth or margins disappoint. Cantor Fitzgerald cut its target to $150 and retained a neutral rating. Read More.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and issued a $205.00 price objective (up from $175.00) on shares of Shopify in a report on Friday, October 23rd. Canaccord Genuity Group set a $180.00 price objective on shares of Shopify and gave the company a “buy” rating in a research report on Wednesday, August 5th. BTIG Research began coverage on Shopify in a research note on Friday, July 10th. They issued a “buy” rating on the stock. Rothschild & Co Redburn set a $130.00 target price on shares of Shopify and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, Robert W. Baird boosted their price objective on Shopify from $160.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Shopify presently has an average rating of “Moderate Buy” and an average target price of $178.79.

Check Out Our Latest Stock Report on SHOP

Shopify Price Performance

Shopify stock opened at $153.03 on Thursday. The stock has a fifty day moving average of $152.75 and a 200-day moving average of $130.11. The stock has a market capitalization of $196.90 billion, a P/E ratio of 93.31, a price-to-earnings-growth ratio of 2.94 and a beta of 2.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $180.88.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted its earnings results on Tuesday, November 3rd. The software maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.16. The firm had revenue of $3.74 billion for the quarter. Shopify had a net margin of 15.01% and a return on equity of 13.99%. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. On average, sell-side analysts expect that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

About Shopify

(Free Report)

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.

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