<div id="readability-page-1"><p>Cyndeo Wealth Partners LLC bought a new stake in  Shopify Inc. (NASDAQ:SHOP - Free Report) <span>TSE: SHOP<span></span></span> in the 3rd quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor  bought 7,630 shares of the software maker's stock, valued at approximately $1,134,000.</p><ul><li>Shopify Pullback Sets Stage for 20% Rally to $200 Target</li></ul><p>A number of other large investors have also added to or reduced their stakes in SHOP. Family Legacy Financial Solutions LLC purchased a new position in  Shopify in the 2nd quarter valued at about $25,000.  Financial Gravity Companies Inc. purchased a new stake in shares of  Shopify during the second quarter worth about $27,000.  Rothschild Investment LLC lifted its stake in shares of  Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker's stock worth $27,000 after acquiring an additional 75 shares in the last quarter.  Heartwood Wealth Advisors LLC purchased a new position in  Shopify in the third quarter valued at about $27,000.  Finally, Tradewinds Capital Management LLC boosted its holdings in  Shopify by 71.4% in the second quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker's stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several equities research analysts have issued reports on SHOP shares. TD Securities upgraded Shopify to a &#34;hold&#34; rating in a report on Thursday, December 4th. TD Cowen  restated a &#34;hold&#34; rating and issued a $156.00 price target on shares of Shopify in a research note on Friday, October 3rd. BMO Capital Markets increased their price objective on shares of Shopify from $180.00 to $190.00 and gave the company an &#34;outperform&#34; rating in a research note on Wednesday, November 5th. Truist Financial  set a $155.00 price objective on shares of Shopify and gave the stock a &#34;hold&#34; rating in a report on Tuesday, November 4th. Finally, Wedbush  restated an &#34;outperform&#34; rating and issued a $185.00 target price (up previously from $160.00) on shares of Shopify in a research note on Tuesday, November 4th. Twenty-two analysts have rated the stock with a Buy rating and twenty-three have issued  a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of &#34;Hold&#34; and a consensus price target of $168.69.</p><ul><li>Coming in Hot: Retail Data Drives Momentum in 3 E-Commerce Stocks</li></ul><p><b>Get Our Latest Research Report on SHOP</b></p><h2>Shopify Stock Performance</h2><p>NASDAQ SHOP opened at $169.57 on Monday. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The company has a 50-day simple moving average of $159.88 and a 200-day simple moving average of $142.09. The firm has a market capitalization of $220.75 billion, a PE ratio of 125.61, a price-to-earnings-growth ratio of 6.30 and a beta of 2.82. </p><ul><li>High-Flyers Near Resistance: 3 Stocks to Watch for a Dip</li></ul><p>Shopify (NASDAQ:SHOP - Get Free Report) <span>TSE: SHOP<span></span></span> last issued its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.75 billion.  Equities analysts forecast that  Shopify Inc. will post 1.12 earnings per share for the current year. </p><h2>Shopify Company Profile</h2> (Free Report)<p>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.  </p><p>Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Shopify</li><li>I Shouldn't Be Sending You This</li><li>REVEALED: America just unlocked a $500 trillion asset</li><li>Wall Street Stock picker Names #1 Stock of 2026</li><li>They Laughed at $30. They Won’t Laugh at $70.</li><li>How Long Will $1M Last in Retirement?</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. (NASDAQ: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-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hPUA?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-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hPUA"/></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 reporting and unbiased coverage. 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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHOP

<p>Cyndeo Wealth Partners LLC acquired a $1.13 million stake in Shopify Inc. during Q3, as per its 13F SEC filing. Other investors also adjusted their positions in Shopify. Analysts have mixed ratings, with a consensus price target of $168.69. Shopify's stock opened at $169.57, with a market cap of $220.75 billion. The company reported Q3 EPS of $0.27, surpassing estimates. Shopify offers a cloud-based e-commerce platform for businesses.</p>

Cyndeo Wealth Partners LLC Takes $1.13 Million Position in Shopify Inc. $SHOP