BNP Paribas Grows Stake in Shopify Inc. $SHOP

BNP Paribas boosted its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 74.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,490 shares of the software maker’s stock after purchasing an additional 4,043 shares during the period. BNP Paribas’ holdings in Shopify were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SHOP. Kingdom Financial Group LLC. bought a new stake in shares of Shopify during the fourth quarter valued at approximately $26,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shopify in the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new position in Shopify in the fourth quarter worth approximately $31,000. Sound Income Strategies LLC grew its holdings in Shopify by 82.4% in the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after purchasing an additional 89 shares during the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in Shopify in the fourth quarter worth $31,000. Institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

Shopify stock opened at $124.12 on Wednesday. The firm has a 50 day simple moving average of $114.75 and a 200-day simple moving average of $133.64. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The stock has a market cap of $161.07 billion, a price-to-earnings ratio of 122.89, a price-to-earnings-growth ratio of 3.48 and a beta of 2.60.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson decreased their target price on shares of Shopify from $195.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Phillip Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Canaccord Genuity Group dropped their price objective on shares of Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $150.00 price objective on shares of Shopify in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.17.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify authorized an additional $3 billion for share repurchases, increasing total buyback capacity to $5 billion. Buybacks can boost shareholder value by reducing share count and often signal strong free cash flow and confidence in future performance. Article Title
• Positive Sentiment: Recent commentary highlighted improving fundamentals, including expanding margins, accelerating gross merchandise volume, and deeper AI integration across Shopify’s platform, which supports the long-term growth narrative for SHOP. Article Title
• Positive Sentiment: Another note pointed to strong investor interest, with Zacks saying Shopify is a “trending stock,” suggesting the name remains heavily watched by traders looking for a catalyst. Article Title
• Neutral Sentiment: Articles about Shopify Plus enterprise features and Reddit’s expanded Shopify partnership are supportive of the ecosystem, but they do not appear to be direct stock-moving catalysts today. Article Title Article Title
• Negative Sentiment: One article raised concern that higher large language model costs could pressure Subscription Solutions margins even as Shopify’s AI assistant Sidekick grows quickly, which could temper enthusiasm around AI investments if costs keep rising. Article Title

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.