Arrowstreet Capital Limited Partnership Sells 4,235,134 Shares of Shopify Inc. $SHOP

Arrowstreet Capital Limited Partnership trimmed its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 26.3% in the 2nd quarter, Holdings Channel reports. The firm owned 11,896,793 shares of the software maker’s stock after selling 4,235,134 shares during the period. Shopify accounts for approximately 1.0% of Arrowstreet Capital Limited Partnership’s portfolio, making the stock its 9th largest position. Arrowstreet Capital Limited Partnership’s holdings in Shopify were worth $1,372,602,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SHOP. Family Legacy Financial Solutions LLC acquired a new position in Shopify during the second quarter worth about $25,000. Financial Gravity Companies Inc. acquired a new stake in Shopify in the 2nd quarter valued at about $27,000. Rothschild Investment LLC lifted its stake in Shopify by 47.5% in the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in Shopify by 71.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Finally, Coastline Trust Co acquired a new position in shares of Shopify during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

SHOP has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating on shares of Shopify in a research note on Wednesday, November 5th. Zacks Research lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. TD Cowen reissued a “hold” rating and set a $156.00 price target on shares of Shopify in a research report on Friday, October 3rd. Wedbush reiterated an “outperform” rating and issued a $185.00 target price (up from $160.00) on shares of Shopify in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a research note on Monday, November 24th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $165.69.

Shopify Stock Performance

Shopify stock opened at $149.28 on Tuesday. The company’s 50 day simple moving average is $157.32 and its 200-day simple moving average is $136.45. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19. The company has a market capitalization of $194.34 billion, a price-to-earnings ratio of 110.58, a price-to-earnings-growth ratio of 5.86 and a beta of 2.82.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. Equities analysts expect that Shopify Inc. will post 1.12 earnings per share for the current year.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.