Shell Asset Management Co. Has $3.09 Million Position in Shopify Inc. $SHOP

Shell Asset Management Co. lessened its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 54.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,765 shares of the software maker’s stock after selling 24,734 shares during the period. Shell Asset Management Co.’s holdings in Shopify were worth $3,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SHOP. Financial Gravity Companies Inc. bought a new stake in Shopify during the 2nd quarter worth about $27,000. Rothschild Investment LLC increased its holdings in shares of Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in shares of Shopify in the 3rd quarter valued at $27,000. Tradewinds Capital Management LLC raised its holdings in Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Estabrook Capital Management acquired a new position in Shopify in the second quarter valued at approximately $29,000. 69.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SHOP. JPMorgan Chase & Co. raised their target price on Shopify from $179.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Barclays set a $130.00 price objective on shares of Shopify and gave the stock an “equal weight” rating in a research note on Thursday. National Bank Financial upped their target price on shares of Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. DA Davidson lifted their price target on shares of Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Needham & Company LLC restated a “buy” rating and issued a $180.00 price objective on shares of Shopify in a research report on Thursday. Thirty-one equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.97.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported strong Q4 revenue and profitability metrics—revenue grew ~31% YoY to $3.67B and EPS topped estimates—supporting bullish takeaways on merchant growth and cash generation. Q4/Profitable SaaS Article
• Positive Sentiment: Analysts have moved more positive: Mizuho upgraded SHOP to “outperform” with a $150 PT, TD Securities raised to “buy” with a $159 PT, and Needham reaffirmed a $180 target—these upgrades are driving buy-side interest. Mizuho Upgrade
• Positive Sentiment: Shopify’s commerce tooling is being integrated into major AI platforms (e.g., ChatGPT/Gemini), reinforcing long‑term revenue/engagement narratives tied to AI-enabled merchant services. AI Integration Article
• Neutral Sentiment: Loomis Sayles highlighted high‑quality, long‑growth companies including Shopify in its investor letter—positive signal for institutional interest but not an immediate catalyst. Loomis Sayles Letter
• Neutral Sentiment: Shopify announced a $2 billion buyback authorization; while buybacks can support the stock, analysts and investors are flagging execution risk and potential cash/volatility implications. Buyback Analysis
• Negative Sentiment: Several firms trimmed price targets (UBS to $145, Benchmark to $145, Wedbush/Citizens JMP trimmed targets), and Truist cut to a $110 target—these downgrades/target cuts introduce selling pressure and mixed sentiment among analysts. Price Target Moves Benchmark Cut
• Negative Sentiment: Despite revenue strength, some coverage highlighted margin strain from AI investment and mixed earnings reactions; the post‑earnings pullback reflected investor concerns about valuation and near‑term profitability. Margin Strain Article Post-Earnings Reaction

Shopify Trading Up 1.8%

SHOP opened at $112.70 on Friday. The stock has a market capitalization of $146.72 billion, a P/E ratio of 121.18, a P/E/G ratio of 3.32 and a beta of 2.83. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19. The firm’s fifty day simple moving average is $150.31 and its 200 day simple moving average is $150.82.

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.