Bamco Inc. NY Decreases Position in Shopify Inc. $SHOP

Bamco Inc. NY trimmed its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,285,499 shares of the software maker’s stock after selling 379,441 shares during the period. Shopify makes up about 0.9% of Bamco Inc. NY’s portfolio, making the stock its 19th biggest position. Bamco Inc. NY owned about 0.18% of Shopify worth $339,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after buying an additional 584 shares during the last quarter. AQR Capital Management LLC boosted its stake in Shopify by 107.3% during the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after buying an additional 7,544 shares during the period. Sivia Capital Partners LLC increased its position in Shopify by 6.6% during the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock valued at $945,000 after acquiring an additional 506 shares during the last quarter. CENTRAL TRUST Co increased its position in Shopify by 16.9% during the second quarter. CENTRAL TRUST Co now owns 912 shares of the software maker’s stock valued at $105,000 after acquiring an additional 132 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Shopify by 5.9% in the second quarter. PNC Financial Services Group Inc. now owns 121,418 shares of the software maker’s stock worth $14,006,000 after purchasing an additional 6,739 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $122.96 on Friday. The firm has a market capitalization of $160.07 billion, a price-to-earnings ratio of 132.22, a PEG ratio of 4.41 and a beta of 2.83. The stock has a 50 day moving average price of $133.91 and a 200 day moving average price of $148.67. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies raised its price target after OpenAI decided not to enable in‑ChatGPT purchases, which Jefferies views as reducing a competitive threat to Shopify’s checkout and payments opportunity. This upgrade supports upside to monetization of AI-driven commerce. Jefferies Raises PT on Shopify (SHOP) Following OpenAI Decision
• Positive Sentiment: Piper Sandler initiated coverage with an “Overweight” rating and a $165 PT (~34% upside from the current level), citing payments and merchant growth as key drivers. Analyst coverage and a constructive PT can attract buyers. Benzinga Coverage Note
• Positive Sentiment: Shopify is embedding AI across commerce—enabling AI assistants to surface merchant catalogs and route transactions through Shopify’s checkout/payments—which could increase GMV capture and revenue per merchant if adoption scales. Shopify Bets Big on AI Commerce: Is it the Next Growth Catalyst?
• Positive Sentiment: Shopify’s Klaviyo integration (Locale Aware Catalogs) strengthens its enterprise and global merchant proposition by automating localized catalogs, pricing and marketing — a product move that targets larger brands and cross‑sell opportunities. Shopify And Klaviyo Integration Highlights Global Ambitions And Valuation Tension
• Positive Sentiment: Longer‑term bullish narratives: commentary (e.g., Motley Fool) places Shopify among AI winners that could materially expand value over several years, supporting a growth story for patient investors. Prediction: 2 AI Stocks Will Be Worth More Than Palantir Technologies in 5 Years
• Neutral Sentiment: Zacks notes the stock is up ~14% since the last earnings report, signaling recent momentum but asking whether that trend can continue without clearer earnings leverage. Shopify (SHOP) Up 14% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: Zacks also highlights SHOP has declined ~11% over six months, reflecting recent volatility and investor concern about execution/valuation despite AI momentum. SHOP Declines 11% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Service reliability concern — Downdetector reported outages affecting thousands of users; repeated or high‑impact outages can dent merchant trust and short‑term GMV. Shopify Down for Thousands of Users, Downdetector Reports
• Negative Sentiment: Valuation and technical pressure — SHOP trades below its 50‑ and 200‑day moving averages, has a high trailing P/E (~132) and elevated PEG (~4.65), which increases sensitivity to any slowdown in revenue/monetization.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SHOP shares. Truist Financial set a $150.00 target price on Shopify and gave the company a “buy” rating in a research note on Tuesday, February 17th. Scotiabank raised Shopify from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research note on Thursday, January 8th. Barclays set a $130.00 price objective on Shopify and gave the company an “equal weight” rating in a report on Thursday, February 12th. Citigroup reaffirmed a “buy” rating and issued a $172.00 price objective (down from $195.00) on shares of Shopify in a research report on Friday, February 13th. Finally, Piper Sandler initiated coverage on Shopify in a research report on Thursday. They set an “overweight” rating and a $165.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.38.

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.