Wedbush Securities Inc. Sells 6,399 Shares of Shopify Inc. $SHOP

Wedbush Securities Inc. decreased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 27.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,856 shares of the software maker’s stock after selling 6,399 shares during the period. Wedbush Securities Inc.’s holdings in Shopify were worth $2,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SHOP. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Shopify during the 3rd quarter valued at $4,110,000. Principal Financial Group Inc. increased its holdings in Shopify by 16.3% in the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock worth $67,006,000 after purchasing an additional 63,300 shares in the last quarter. Triton Financial Group Inc bought a new position in Shopify in the third quarter valued at about $1,931,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Shopify by 4.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock valued at $603,425,000 after purchasing an additional 218,829 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Shopify by 65.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock worth $23,557,000 after purchasing an additional 62,743 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SHOP shares. Stifel Nicolaus set a $115.00 price objective on shares of Shopify and gave the company a “hold” rating in a report on Wednesday. Barclays set a $130.00 price target on shares of Shopify and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank Of Canada set a $170.00 price target on shares of Shopify and gave the stock an “outperform” rating in a report on Thursday. Benchmark decreased their price objective on Shopify from $195.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Atb Cormark Cm raised Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. Thirty-two equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.58.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Multiple analyst upgrades lift near-term sentiment — Mizuho upgraded SHOP to “outperform” with a $150 target and TD Securities raised to “buy” with $159, signaling fresh buy-side conviction that supports the stock’s rally today. Mizuho Upgrade TD Securities Upgrade
• Positive Sentiment: Top-line strength: Q4 revenue grew ~31% YoY to $3.67B (beat consensus) and management issued stronger-than-expected Q1 revenue guidance — key fundamentals investors reward given Shopify’s AI-driven merchant growth. Revenue & Profitability Coverage
• Positive Sentiment: $2 billion buyback authorized — the board’s repurchase program reduces float and signals capital-return confidence, a direct supportive catalyst for the stock. (Buyback also debated — see negative item.) MarketBeat Buyback Coverage
• Neutral Sentiment: AI integration and long-term growth story intact — Shopify is embedding merchant catalogs into generative AI tools, which bolsters secular growth thesis but also keeps the stock correlated to broader AI/software sentiment. AI Integration Note
• Negative Sentiment: Earnings reaction and mixed profitability metrics — some outlets report EPS misses or mixed EPS beats versus different consensus points (investors focused on margins and EPS even as revenue rose), which sparked earlier post-earnings volatility. Zacks Earnings Coverage
• Negative Sentiment: Analyst price-target cuts and caution from some brokers — UBS, Benchmark and Truist trimmed targets (UBS to $145, Truist to $110) and others lowered targets despite upgrades, creating conflicting analyst signals that can cap rallies. UBS/Broker Notes Benchmark Cut
• Negative Sentiment: Buyback and cash-use questions raised — some analysts/notes flagged volatility, execution risk and cash allocation tradeoffs from the $2B repurchase, which could pressure sentiment if buybacks aren’t well-timed. TipRanks Buyback Risk

Shopify Price Performance

Shares of Shopify stock opened at $110.66 on Friday. The stock’s 50-day moving average is $151.28 and its 200 day moving average is $150.74. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The firm has a market cap of $144.06 billion, a price-to-earnings ratio of 118.99, a PEG ratio of 3.50 and a beta of 2.83.

Shopify Company 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.