Public Sector Pension Investment Board Has $32.97 Million Stock Holdings in Shopify Inc. $SHOP

Public Sector Pension Investment Board grew its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 88.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,863 shares of the software maker’s stock after purchasing an additional 104,018 shares during the quarter. Public Sector Pension Investment Board’s holdings in Shopify were worth $32,968,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in Shopify by 2.8% during the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after acquiring an additional 584 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Shopify by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after purchasing an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Shopify by 6.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after purchasing an additional 506 shares during the last quarter. CWM LLC raised its holdings in shares of Shopify by 22.8% in the 2nd quarter. CWM LLC now owns 15,840 shares of the software maker’s stock valued at $1,827,000 after purchasing an additional 2,939 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Shopify by 8.7% in the 2nd quarter. Yousif Capital Management LLC now owns 15,114 shares of the software maker’s stock valued at $1,743,000 after purchasing an additional 1,215 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company beat revenue expectations with Q4 revenue up ~31%, strong GMV and Merchant Solutions growth, guided Q1 revenue above Street estimates and authorized a $2 billion buyback — supportive for cash generation and long‑term outlook. Shopify press release
• Positive Sentiment: Analyst upgrade: TD Securities raised Shopify from Hold to Buy with a $159 target, adding upward analyst pressure after the print. TD Securities upgrade
• Positive Sentiment: Needham reaffirmed a Buy with a $180 target, highlighting continued bullish institutional views despite recent volatility. Needham note
• Neutral Sentiment: Analysts and commentary note Shopify’s AI investments are expanding product monetization and improving cash flow, but the company trades at a premium vs. peers — mixed implication for near‑term multiples. Zacks analysis
• Neutral Sentiment: Management’s guidance called for continued high‑single to low‑30% revenue growth in Q1 — above consensus and a positive signal for growth trajectory, but it comes with planned higher operating spend. Reuters: guidance
• Negative Sentiment: Q4 EPS missed estimates (reported ~$0.46–$0.48 vs. ~$0.50 consensus) — investors focused on the earnings miss and margin pressure despite the revenue beat, triggering a post‑earnings selloff. Zacks earnings report
• Negative Sentiment: Several firms trimmed price targets today (UBS to $145 neutral rating; Wedbush/Citizens lowered to ~$160; Truist cut to $110), signaling analyst uncertainty on valuation and near‑term catalysts. Benzinga: analyst moves
• Negative Sentiment: Commentary raises risks around the buyback execution, short‑term volatility and margin mix (Merchant Solutions growth compressing gross margins), which could keep the stock under pressure until clarity on margins and buyback cadence. TipRanks buyback risk

Analyst Ratings Changes

A number of brokerages have weighed in on SHOP. Citigroup reissued a “market outperform” rating on shares of Shopify in a research report on Thursday, December 4th. BMO Capital Markets set a $160.00 target price on Shopify in a report on Thursday. Wedbush cut their price target on Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday. DZ Bank raised shares of Shopify from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Robert W. Baird set a $160.00 price objective on shares of Shopify in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.58.

Shopify Price Performance

SHOP stock opened at $110.66 on Friday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The stock has a market capitalization of $144.06 billion, a price-to-earnings ratio of 118.99, a PEG ratio of 3.50 and a beta of 2.83. The business’s fifty day moving average price is $151.28 and its two-hundred day moving average price is $150.74.

Shopify Profile

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.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.