Shopify Inc. $SHOP Stock Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. boosted its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 92.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,965 shares of the software maker’s stock after purchasing an additional 48,988 shares during the period. Shopify comprises approximately 1.9% of Triasima Portfolio Management inc.’s holdings, making the stock its 11th largest position. Triasima Portfolio Management inc.’s holdings in Shopify were worth $15,148,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ninety One UK Ltd purchased a new stake in Shopify in the 3rd quarter valued at approximately $583,000. Formuepleje A S acquired a new position in Shopify during the 3rd quarter worth approximately $1,042,000. Fortitude Family Office LLC purchased a new position in shares of Shopify during the 3rd quarter worth approximately $29,000. Seelaus Asset Management LLC raised its stake in shares of Shopify by 16.1% during the 3rd quarter. Seelaus Asset Management LLC now owns 5,865 shares of the software maker’s stock worth $870,000 after buying an additional 815 shares in the last quarter. Finally, Henry James International Management Inc. raised its stake in shares of Shopify by 15.3% during the 3rd quarter. Henry James International Management Inc. now owns 97,550 shares of the software maker’s stock worth $14,467,000 after buying an additional 12,978 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analysts Set New Price Targets

SHOP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Shopify from $175.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wedbush reaffirmed an “outperform” rating and set a $176.00 price objective on shares of Shopify in a report on Wednesday, September 23rd. Phillip Securities lowered Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Evercore reiterated an “outperform” rating and issued a $175.00 price objective (up from $135.00) on shares of Shopify in a research report on Wednesday, August 5th. Finally, Royal Bank Of Canada set a $180.00 price objective on Shopify and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.37.

Shopify Stock Up 3.3%

SHOP stock opened at $178.14 on Friday. The company has a market cap of $229.20 billion, a P/E ratio of 120.36, a P/E/G ratio of 3.56 and a beta of 2.62. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The company’s 50-day moving average price is $148.86 and its 200 day moving average price is $127.95. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The company had revenue of $3.58 billion during the quarter. During the same period last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 33.7% on a year-over-year basis. On average, research analysts expect that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst targets point to further upside. Robert W. Baird raised its price target from $160 to $190 and maintained an “outperform” rating. Jefferies also sees potential gross merchandise volume upside, supporting optimism ahead of Shopify’s next earnings report. Analyst targets and earnings outlook
• Positive Sentiment: AI commerce is strengthening Shopify’s growth narrative. Analysts are highlighting Shopify’s payments network, Shop Pay, and integrations that allow third-party AI agents—including Meta’s Muse—to complete purchases across Shopify merchants. The company’s second-quarter gross merchandise volume rose 32% year over year to $116 billion, adding to expectations for continued momentum. Shopify AI commerce infrastructure
• Positive Sentiment: Strong recent performance and cash generation are attracting holders. Shopify has gained substantially since mid-July, while commentary points to an approximately 18% free-cash-flow margin and a business that is materially larger than at its prior record close. These factors support the long-term bull case, although they may also encourage profit-taking. Shopify free cash flow margin
• Neutral Sentiment: Shopify’s API update creates implementation work for merchants and app developers. Changes affecting checkout data, metafield filters, shipping rates, and tax recalculation could require updates to custom apps and integrations. The changes are unlikely to alter Shopify’s long-term outlook but may create short-term friction. Shopify October API update
• Negative Sentiment: Valuation and caution from some analysts remain risks. A Seeking Alpha downgrade recommended waiting for a better entry point after the sharp rally. With Shopify trading at a high earnings multiple, disappointing guidance or weaker-than-expected holiday-commerce results could trigger a pullback. Shopify valuation downgrade

Shopify Profile

Shopify Inc is a commerce technology company that provides tools for businesses to start, operate and grow online and in physical retail environments. Its platform enables merchants to create and manage online stores, sell through multiple channels, process orders and payments, manage inventory and engage with customers.

Shopify’s products and services include its core commerce platform, Shopify Plus for larger businesses, Shopify Payments, Shop Pay, point-of-sale solutions and tools for marketing, shipping, analytics and customer management.