<div id="readability-page-1"><p>Gulf International Bank UK Ltd boosted its holdings in shares of  Shopify Inc. (NYSE:SHOP - Free Report) <span>TSE: SHOP<span></span></span> by 2,640.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,727 shares of the software maker's stock after buying an additional 67,183 shares during the period. Gulf International Bank UK Ltd's holdings in Shopify were worth $6,658,000 as of its most recent filing with the Securities and Exchange Commission.</p><ul><li>3 Earnings Reports Give a Snapshot of Consumer Sentiment</li></ul><p>Several other hedge funds also recently bought and sold shares of the company. Capital World Investors increased its position in  Shopify by 0.9% in the 4th quarter. Capital World Investors now owns 53,102,707 shares of the software maker's stock worth $5,646,455,000 after purchasing an additional 496,982 shares during the last quarter.  Vanguard Group Inc. boosted its stake in shares of  Shopify by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 47,962,280 shares of the software maker's stock worth $4,563,106,000 after acquiring an additional 882,168 shares in the last quarter.  Capital International Investors boosted its stake in shares of  Shopify by 2.7% during the 4th quarter. Capital International Investors now owns 36,516,305 shares of the software maker's stock worth $3,883,039,000 after acquiring an additional 968,026 shares in the last quarter.  Mackenzie Financial Corp boosted its stake in shares of  Shopify by 19.7% during the 1st quarter. Mackenzie Financial Corp now owns 8,648,734 shares of the software maker's stock worth $822,745,000 after acquiring an additional 1,426,406 shares in the last quarter.  Finally, Nuveen LLC bought a new stake in shares of  Shopify during the 1st quarter worth about $667,392,000. 69.27% of the stock is owned by institutional investors and hedge funds. </p><h2>Shopify Price Performance</h2><p>SHOP opened at $149.30 on Wednesday. The business's 50-day moving average price is $119.20 and its two-hundred day moving average price is $108.43. Shopify Inc. has a 1 year low of $65.86 and a 1 year high of $156.85. The company has a market capitalization of $193.70 billion, a price-to-earnings ratio of 96.32, a P/E/G ratio of 4.82 and a beta of 2.63. </p><ul><li>Shopify Stock Will Hit $200 Soon, Here’s Why</li></ul><p>Shopify (NYSE:SHOP - Get Free Report) <span>TSE: SHOP<span></span></span> last released its earnings results on Wednesday, August 6th. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. Shopify had a return on equity of 12.00% and a net margin of 22.74%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. Shopify's revenue was up 31.1% on a year-over-year basis.  Sell-side analysts anticipate that  Shopify Inc. will post 1.12 earnings per share for the current fiscal year. </p><h2>Analyst Upgrades and Downgrades</h2><p>SHOP has been the subject of several recent analyst reports. CIBC increased their target price on Shopify from $145.00 to $185.00 and gave the company an &#34;outperform&#34; rating in a research note on Thursday, August 7th. DA Davidson increased their target price on Shopify from $125.00 to $185.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday, August 7th. Oppenheimer raised their price objective on Shopify from $140.00 to $180.00 and gave the stock an &#34;outperform&#34; rating in a research report on Thursday, August 7th. BNP Paribas Exane downgraded Shopify from an &#34;outperform&#34; rating to a &#34;neutral&#34; rating and set a $100.00 price objective for the company. in a research report on Monday, May 5th. Finally, KeyCorp  reiterated an &#34;overweight&#34; rating and issued a $175.00 price objective (up previously from $145.00) on shares of Shopify in a research report on Thursday, August 7th. One research analyst  has rated the stock with a sell rating, eighteen have given a hold rating and twenty-four have given a buy rating to the company's stock. According to data from MarketBeat.com, Shopify currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $148.51.</p><ul><li>3 Retailers Poised to Outmaneuver Tariff and Recession Concerns</li></ul><p><b>Read Our Latest Research Report on SHOP</b></p><h2>Shopify Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Shopify</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>NFL and WWE Land on ESPN—The Impact on Disney and TKO Stocks</li><li>The Risks of Owning Bonds</li><li>If Qualcomm Holds $145, Its Next Move Could Be Massive</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Intel's White House Reset: From Political Storm to a Clearer Sky</li></ul><p><strong>Want to see what other hedge funds are holding SHOP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NYSE:SHOP - Free Report) <span>TSE: SHOP<span></span></span>.</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNIT1A?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNIT1A"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Shopify Right Now?</h2><p>Before you consider Shopify, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.</p><p>While Shopify currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHOP

<p>Gulf International Bank UK Ltd significantly increased its stake in Shopify Inc. (NYSE:SHOP) by 2,640.8% in Q1, owning 69,727 shares valued at approximately $6.66 million. Other institutional investors also raised their positions in Shopify. The company's stock opened at $149.30, with a market cap of $193.70 billion and a P/E ratio of 96.32. Recent earnings showed a 31.1% revenue increase year-over-year, with analysts projecting a consensus target price of $148.51 for the stock, which has received a "Moderate Buy" rating from analysts.</p>

Gulf International Bank UK Ltd Has $6.66 Million Stock Position in Shopify Inc. (NYSE:SHOP)