US Bancorp DE Has $9.90 Million Holdings in Shopify Inc. $SHOP

US Bancorp DE trimmed its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 9.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,587 shares of the software maker’s stock after selling 7,345 shares during the quarter. US Bancorp DE’s holdings in Shopify were worth $9,895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hurley Capital LLC boosted its holdings in Shopify by 218.2% in the 3rd quarter. Hurley Capital LLC now owns 350 shares of the software maker’s stock valued at $52,000 after purchasing an additional 240 shares during the period. Empirical Asset Management LLC increased its holdings in shares of Shopify by 6.8% during the 3rd quarter. Empirical Asset Management LLC now owns 3,903 shares of the software maker’s stock worth $580,000 after purchasing an additional 250 shares during the period. Cary Street Partners Financial LLC raised its position in shares of Shopify by 3.2% during the third quarter. Cary Street Partners Financial LLC now owns 45,846 shares of the software maker’s stock valued at $6,813,000 after buying an additional 1,401 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Shopify by 1.4% in the third quarter. TD Asset Management Inc now owns 8,528,510 shares of the software maker’s stock valued at $1,267,327,000 after buying an additional 118,836 shares during the period. Finally, Colonial Trust Co SC lifted its stake in shares of Shopify by 47.2% in the third quarter. Colonial Trust Co SC now owns 340 shares of the software maker’s stock valued at $50,000 after buying an additional 109 shares during the period. Institutional investors own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Large buyback and AI roadmap — Shopify announced a US$2 billion share buyback and introduced agentic storefronts plus the Universal Commerce Protocol, signaling aggressive capital return and a push to embed AI into merchants’ stacks, which can support revenue and margin expansion over time. Shopify Buyback And AI Push Test Valuation And Growth Expectations
• Positive Sentiment: GMV growth and AI integration — Portfolio commentary and independent coverage point to reaccelerating GMV coupled with deeper AI integration, reinforcing the case that product-led improvements are translating into merchant activity and payment/fulfillment revenue. Shopify (SHOP) GMV Growth Reaccelerates as AI Integration Strengthens Investment Case
• Neutral Sentiment: Industry AI tooling evolution — Third‑party AI imaging and product-fidelity advances (Rewarx Studio) highlight broader e‑commerce tooling improvements that benefit platforms like Shopify indirectly; helpful for merchant UX but not an immediate revenue catalyst. How Rewarx Studio AI is Solving the Fidelity Crisis in AI Product Photography: A Data-Driven Leap Across Global E-commerce Brands
• Neutral Sentiment: Investor interest and coverage — Multiple retail analyst/coverage pieces (Zacks, Seeking Alpha comparisons) are driving attention and search volume; these increase liquidity and volatility but offer mixed buy/sell signals. Is Trending Stock Shopify Inc. (SHOP) a Buy Now?
• Negative Sentiment: Analyst price-target cut and valuation pressure — Jefferies lowered its price target (from $160 to $125), citing softer software-sector multiples and valuation risk; with SHOP trading well above its 52‑week low and still a high P/E, this weighs on near-term sentiment. Shopify Inc’s (SHOP) Target Price Lowered Amid Lower Software Valuation Concerns
• Negative Sentiment: Profit-taking after recent run and technicals — The stock’s drop comes amid a recent run-up, lower intraday volume versus average, and price sitting below its 50- and 200-day moving averages, which can trigger momentum-driven selling. Why Shopify (SHOP) Stock Is Up Today

Shopify Price Performance

Shares of SHOP stock opened at $120.73 on Friday. The stock’s fifty day simple moving average is $141.56 and its 200 day simple moving average is $149.63. The firm has a market cap of $157.17 billion, a price-to-earnings ratio of 129.82, a P/E/G ratio of 4.40 and a beta of 2.83. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating on shares of Shopify in a research note on Monday, December 1st. Canaccord Genuity Group set a $165.00 price objective on Shopify and gave the company a “buy” rating in a research report on Thursday, February 12th. Evercore set a $135.00 target price on Shopify in a research note on Wednesday, February 11th. Wedbush reduced their target price on Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Shopify in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.64.

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.