Black Swift Group LLC Invests $2.50 Million in Shopify Inc. $SHOP

Black Swift Group LLC purchased a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,550 shares of the software maker’s stock, valued at approximately $2,503,000.

Several other large investors have also modified their holdings of the stock. Main Management ETF Advisors LLC lifted its position in shares of Shopify by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 15,660 shares of the software maker’s stock worth $2,521,000 after purchasing an additional 160 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Shopify by 6.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 91,411 shares of the software maker’s stock worth $14,714,000 after purchasing an additional 5,815 shares during the last quarter. Founders Financial Securities LLC lifted its position in shares of Shopify by 4.3% during the fourth quarter. Founders Financial Securities LLC now owns 2,608 shares of the software maker’s stock worth $420,000 after purchasing an additional 107 shares during the last quarter. MUFG Securities EMEA plc lifted its holdings in Shopify by 41.4% in the fourth quarter. MUFG Securities EMEA plc now owns 820,000 shares of the software maker’s stock worth $132,061,000 after acquiring an additional 240,000 shares during the last quarter. Finally, Welch & Forbes LLC lifted its holdings in Shopify by 1.6% in the fourth quarter. Welch & Forbes LLC now owns 152,934 shares of the software maker’s stock worth $24,618,000 after acquiring an additional 2,386 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: UBS said Shopify’s point-of-sale business could become a much bigger long-term growth driver than the market currently assumes, adding to gross merchandise value and profit growth over the next decade. The note reinforces the idea that Shopify’s in-store commerce and retail tools can expand beyond its core e-commerce platform.
• Positive Sentiment: Shopify also benefited from a broader rebound in software names after strong results from companies like Snowflake and Okta eased fears that AI would disrupt subscription software models. That improving sentiment has helped lift investor appetite for software stocks, including SHOP.
• Positive Sentiment: Recent coverage also highlighted Shopify’s strong B2B momentum, with Q1 B2B gross merchandise value reportedly up 80% year over year, suggesting another avenue for enterprise growth and supporting the bullish case for the stock.
• Neutral Sentiment: Reddit’s expanded Shopify integration, now generally available for merchants, could indirectly support Shopify’s ecosystem by making it easier for merchants to advertise and sell through Reddit. While this is more directly a positive for Reddit, it underscores Shopify’s role as a commerce platform connected to more marketing channels.
• Neutral Sentiment: Other recent articles pointed to AI-related merchant tools and app integrations, such as EZ Texting, which may improve Shopify’s value proposition over time but are not immediate stock-moving catalysts on their own.

Analysts Set New Price Targets

A number of brokerages have issued reports on SHOP. Jefferies Financial Group reissued a “hold” rating and issued a $140.00 target price (down from $150.00) on shares of Shopify in a report on Tuesday, May 5th. Stifel Nicolaus set a $115.00 target price on shares of Shopify and gave the stock a “hold” rating in a report on Wednesday, February 11th. Phillip Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Cantor Fitzgerald reissued a “neutral” rating and issued a $126.00 target price (down from $181.00) on shares of Shopify in a report on Thursday, February 12th. Finally, Weiss Ratings cut shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.17.

Shopify Stock Performance

SHOP opened at $118.71 on Monday. The business’s 50 day moving average is $114.71 and its 200-day moving average is $133.89. The stock has a market cap of $154.05 billion, a PE ratio of 117.54, a price-to-earnings-growth ratio of 3.33 and a beta of 2.60. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. As a group, analysts forecast that Shopify Inc. will post 1.36 EPS for the current year.

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.