\n \n Other institutional investors have also adjusted their positions in Shopify. New Wave Wealth Advisors LLC acquired a new stake valued at approximately $208,000, while Trilogy Capital Inc. purchased shares worth $234,000. Consolidated Portfolio Review Corp invested $260,000 in Shopify, and Truist Financial Corp increased its position by 5.0%, now owning 385,501 shares valued at $44,467,000 after acquiring an additional 18,354 shares. Bourgeon Capital Management LLC also entered a new position valued at $416,000. Overall, institutional investors and hedge funds hold 69.27% of the company\u2019s stock.\n <\/p>\n \n Recent evaluations from equities research analysts indicate varied sentiments regarding Shopify’s stock. Weiss Ratings<\/a> reiterated a \u201chold (c)\u201d rating on September 27th. Bank of America raised its price target from $110.00 to $185.00, assigning a \u201cbuy\u201d rating on August 7th. Arete maintained a \u201cneutral\u201d rating in a report on July 23rd. Stifel Nicolaus also increased its price target from $110.00 to $150.00, while DA Davidson boosted its target from $125.00 to $185.00, both on August 7th. Currently, 22 analysts rate the stock as a Buy, 23 as Hold, and one as Sell, with an average rating of \u201cHold\u201d and a target price of $150.59 according to MarketBeat.com.\n <\/p>\n Read Our Latest Analysis on SHOP<\/a><\/b><\/p>\n \n As of Friday, SHOP stock<\/a> opened at $161.14. The company\u2019s 50-day simple moving average stands at $142.78, while its 200-day simple moving average is $117.23. Shopify Inc. has recorded a 12-month low of $69.84 and a high of $162.60, boasting a market capitalization of $209.43 billion, a PE ratio of 90.02, a P\/E\/G ratio of 7.64, and a beta of 2.72.\n <\/p>\n \n In its latest earnings report on August 6th, Shopify announced earnings of $0.35 per share (EPS), surpassing analysts\u2019 expectations of $0.29 by $0.06. The firm reported revenue of $2.68 billion for the quarter, exceeding estimates of $2.55 billion. Year-over-year, Shopify’s revenue increased by 31.1%, with a return on equity of 12.30% and a net margin of 23.42%. Analysts predict that Shopify Inc. will post an EPS of 1.12 for the current year.\n <\/p>\n![\"Shopify](\"https:\/\/www.marketbeat.com\/logos\/shopify-logo-1200x675.png\"){kind=logo}
\n Robeco Institutional Asset Management B.V. has recently reduced its stake in Shopify Inc. (NASDAQ:SHOP<\/a> \u2013 Free Report<\/a>) (TSE:SHOP) by 38.3% during the second quarter, as disclosed in its latest 13F filing with the Securities & Exchange Commission. The firm now holds 116,912 shares of the software maker\u2019s stock after selling 72,500 shares in the quarter, with a total value of $13,486,000 at the end of this period.\n <\/p>\nAnalyst Ratings Changes<\/h2>\n
Shopify Price Performance<\/h2>\n
Shopify Profile<\/h2>\n