12 Best Global Stocks to Buy According to Hedge Funds

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8. Shopify Inc. (NYSE:SHOP)

Number of Hedge Fund Holders: 64     

Shopify Inc. (NYSE:SHOP) is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. As per the latest earnings, fourth-quarter revenue grew by 31% with a free cash flow margin of 22%, while full-year revenue increased by 26% with an 18% free cash flow margin. Shopify surpassed $1 trillion in cumulative GMV processed, with Shop Pay usage growing to 38% of GPV in 2024, up from 33% in 2023. The company anticipates the first quarter of the 2025 revenue growth in the mid-20% range year-over-year, with gross profit dollars growing at a slightly lower rate. Free cash flow margin for Q1 is expected in the mid-teens, up from 12% in the first quarter of the prior year.

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