Shopify Inc. $SHOP Shares Sold by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab cut its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 28.0% during the second quarter, HoldingsChannel reports. The firm owned 198,256 shares of the software maker’s stock after selling 76,972 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Shopify were worth $22,672,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kingdom Financial Group LLC. acquired a new position in shares of Shopify during the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new stake in shares of Shopify during the 4th quarter worth about $27,000. Evolution Wealth Management Inc. lifted its stake in Shopify by 203.9% during the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Graney & King LLC purchased a new stake in Shopify during the first quarter worth approximately $27,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Shopify in the fourth quarter valued at approximately $29,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on SHOP shares. The Goldman Sachs Group increased their price target on shares of Shopify from $170.00 to $194.00 and gave the company a “buy” rating in a research note on Thursday. Piper Sandler restated an “overweight” rating and issued a $150.00 target price (down from $165.00) on shares of Shopify in a report on Tuesday, May 5th. Wells Fargo & Company lowered their target price on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus set a $150.00 target price on shares of Shopify and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets set a $165.00 price target on shares of Shopify and gave the stock an “outperform” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $169.72.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Strong Q2 performance: Shopify reported adjusted earnings of $0.42 per share versus the $0.40 consensus estimate and revenue of $3.58 billion, up 33.7% year over year. Gross merchandise volume, gross profit and free cash flow also grew by more than 30%, while free-cash-flow margin reached 18%. SHOP Q2 Earnings Beat Estimates, Revenues Ride on Strong GMV
• Positive Sentiment: Above-consensus outlook: Shopify forecast third-quarter revenue of approximately $3.7 billion to $3.8 billion, implying low-30% growth and exceeding the roughly $3.6 billion analyst estimate. The guidance helped reinforce expectations for sustained momentum. Shopify expects Q3 revenue growth in the low 30s
• Positive Sentiment: AI and payments are becoming growth drivers: Traffic and orders referred by AI platforms such as ChatGPT and Gemini reportedly tripled year over year. Rising Shopify Payments penetration and expanding “agentic commerce” capabilities are supporting GMV and merchant growth across channels. Shopify executive discusses AI and entrepreneurship
• Positive Sentiment: Analyst support strengthened: Goldman Sachs, Citi, JPMorgan, Wedbush, BMO, Benchmark and Citizens JMP all raised their price targets following the earnings report. New targets generally range from $165 to $196, with mostly bullish ratings. Shopify analysts increase forecasts
• Neutral Sentiment: Cantor Fitzgerald raised its target to $145 but maintained a neutral rating, suggesting limited near-term upside after the earnings-driven rally. Cantor Fitzgerald Shopify price target
• Negative Sentiment: Shopify’s valuation remains demanding, with a reported price-to-earnings ratio above 145, leaving the stock vulnerable if growth slows or AI-related investments pressure margins. Cathie Wood’s ARK Invest also trimmed its Shopify position, a modest negative signal for sentiment. Shopify Q2 risks and opportunities

Shopify Stock Up 2.2%

SHOP opened at $147.44 on Friday. The business has a 50 day moving average price of $118.63 and a two-hundred day moving average price of $119.59. The company has a market cap of $191.33 billion, a PE ratio of 99.62, a P/E/G ratio of 3.11 and a beta of 2.58. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Shopify had a return on equity of 12.54% and a net margin of 14.53%.The company had revenue of $3.58 billion for the quarter. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, sell-side analysts expect that Shopify Inc. will post 1.4 EPS for the current fiscal year.

Shopify 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.