<div id="readability-page-1"><p>AdvisorNet Financial Inc boosted its holdings in  Shopify Inc. (NASDAQ:SHOP - Free Report) <span>TSE: SHOP<span></span></span> by 412.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,666 shares of the software maker's stock after purchasing an additional 30,316 shares during the quarter. AdvisorNet Financial Inc's holdings in Shopify were worth $5,598,000 at the end of the most recent quarter.</p><ul><li>Shopify Pullback Sets Stage for 20% Rally to $200 Target</li></ul><p>Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in  Shopify by 171.3% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 423,295 shares of the software maker's stock valued at $48,827,000 after purchasing an additional 267,271 shares in the last quarter.  Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of  Shopify by 4.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker's stock worth $603,425,000 after buying an additional 218,829 shares in the last quarter.  Oppenheimer Asset Management Inc. grew its holdings in shares of  Shopify by 9.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 400,389 shares of the software maker's stock valued at $46,185,000 after buying an additional 35,113 shares during the last quarter.  Charles Schwab Investment Management Inc. increased its position in shares of  Shopify by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,622,495 shares of the software maker's stock valued at $301,869,000 after acquiring an additional 67,260 shares in the last quarter.  Finally, ARK Investment Management LLC increased its position in shares of  Shopify by 13.6% during the second quarter. ARK Investment Management LLC now owns 5,049,508 shares of the software maker's stock valued at $582,461,000 after acquiring an additional 605,283 shares in the last quarter. Institutional investors own  69.27% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of equities analysts recently weighed in on the stock. 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. Robert W. Baird boosted their price target on Shopify from $160.00 to $170.00 and gave the stock an &#34;outperform&#34; rating in a research note on Tuesday, October 7th. Benchmark  reaffirmed a &#34;buy&#34; rating on shares of Shopify in a report on Wednesday, December 3rd. TD Cowen  reaffirmed a &#34;hold&#34; rating and set a $156.00 price objective on shares of Shopify in a research report on Friday, October 3rd. Finally, CIBC  reiterated an &#34;outperform&#34; rating on shares of Shopify in a report on Wednesday, November 5th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, the stock  has an average rating of &#34;Hold&#34; and a consensus target price 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 Stock Report on SHOP</b></p><h2>Shopify Stock Up 1.7%</h2><p>SHOP stock opened at $169.57 on Friday. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The stock has a market cap of $220.75 billion, a P/E ratio of 125.61, a PEG ratio of 6.20 and a beta of 2.82. The business's 50-day moving average price is $159.88 and its 200-day moving average price is $141.56. </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 released its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion.  On average, equities research analysts expect that  Shopify Inc. will post 1.12 earnings per share for the current fiscal year. </p><h2>Shopify 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>Featured Articles</h2><ul><li>Five stocks we like better than Shopify</li><li>Diversification Can Smooth Returns And Mitigate Portfolio Risk</li><li>Nike Beats on Earnings But Struggles in China and Faces Tariffs</li><li>How to Short a Stock in 5 Easy Steps </li><li>Is the AI Boom a Bubble? These 2 Dividend Stocks Say No</li><li>The Basics of Support and  Resistance</li><li>4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More</li></ul><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>AdvisorNet Financial Inc increased its stake in Shopify Inc by 412.5% in the third quarter, owning 37,666 shares valued at $5,598,000. Other institutional investors also adjusted their positions in Shopify. Analysts have mixed ratings on Shopify, with a consensus target price of $168.69. Shopify's stock opened at $169.57, with a market cap of $220.75 billion. The company reported $0.27 EPS for the quarter, exceeding estimates, and had revenue of $2.84 billion.</p>

AdvisorNet Financial Inc Raises Stake in Shopify Inc. $SHOP