Strong Earnings Results Lifted Shopify (SHOP) in Q4

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Soumya Eswaran

Thu, Apr 3, 2025, 5:02 AM 3 min read

Artisan Partners, an concern absorption company, released its “Artisan Global Opportunities Fund” 4th fourth 2024 capitalist letter. A transcript of the missive tin beryllium downloaded here. US equities experienced important gains successful Q4, showcasing a beardown year. The portfolio showed flimsy weakness successful Q4 but posted a beardown implicit instrumentality successful 2024. In the 4th quarter, the fund’s Investor Class ARTRX returned -1.67%, Advisor Class APDRX posted a instrumentality of -1.65% and Institutional Class APHRX returned -1.62%, compared to a -0.99% instrumentality for the MSCI All Country World Index. In addition, delight cheque the fund’s apical 5 holdings to cognize its champion picks successful 2024.

In its 4th fourth 2024 capitalist letter, Artisan Global Opportunities Fund emphasized stocks specified arsenic Shopify Inc. Class A (NYSE:SHOP). Shopify Inc. (NASDAQ:SHOP) provides a cloud-based commerce level and services. The one-month instrumentality Shopify Inc. (NASDAQ:SHOP) was -1.80%, and its shares gained 34.54% of their worth implicit the past 52 weeks. On April 2, 2025, Shopify Inc. (NASDAQ:SHOP) banal closed astatine $100.65 per stock with a marketplace capitalization of $130.609 billion.

Artisan Global Opportunities Fund stated the pursuing regarding Shopify Inc. (NASDAQ:SHOP) successful its Q4 2024 capitalist letter:

"Among our apical Q4 contributors were Atlassian and Shopify Inc. (NASDAQ:SHOP). Our condemnation successful Shopify grew aft it decided to exit the logistics concern successful favour of a capital-light concern model, which we viewed arsenic importantly narrowing the downside scope of outcomes and allowed it to absorption connected what it does truthful well: processing large e-commerce bundle solutions for brands of each sizes. We person been encouraged by Shopify’s consequent gait of innovative caller merchandise enhancements, including utilizing AI assistants to assistance brands tally their businesses. Shares rallied aft the institution reported beardown net results, including 24% maturation successful gross merchandise volume, and absorption raised its guardant guidance."

Shopify Inc. (NASDAQ:SHOP) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge money portfolios held Shopify Inc. (NYSE:SHOP) astatine the extremity of the 4th fourth compared to 56 successful the 3rd quarter. Shopify Inc.'s (NYSE:SHOP) 4th fourth revenue was $2.8 billion, up 31% year-over-year, and full-year gross was up 26% to $8.9 billion. While we admit the imaginable of Shopify Inc. (NYSE:SHOP) arsenic an investment, our condemnation lies successful the content that AI stocks clasp greater committedness for delivering higher returns, and doing truthful wrong a shorter timeframe. If you are looking for an AI banal that is arsenic promising arsenic NVIDIA but that trades astatine little than 5 times its earnings, cheque retired our study astir the cheapest AI stock.