HWG Holdings LP Grows Holdings in Shopify Inc. $SHOP

HWG Holdings LP lifted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 249.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,395 shares of the software maker’s stock after buying an additional 50,252 shares during the quarter. Shopify makes up about 2.7% of HWG Holdings LP’s investment portfolio, making the stock its 11th largest holding. HWG Holdings LP’s holdings in Shopify were worth $11,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Shopify during the 2nd quarter valued at $1,794,952,000. Jennison Associates LLC increased its position in shares of Shopify by 64.3% in the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after purchasing an additional 7,403,821 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Shopify by 5,193.6% in the 2nd quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock worth $238,419,000 after purchasing an additional 2,027,839 shares during the last quarter. Foxhaven Asset Management LP acquired a new stake in shares of Shopify in the 2nd quarter valued at about $156,044,000. Finally, 1832 Asset Management L.P. raised its stake in shares of Shopify by 72.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,108,563 shares of the software maker’s stock valued at $358,573,000 after purchasing an additional 1,306,333 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on SHOP shares. Moffett Nathanson raised Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Monday, February 9th. Bank of America lifted their target price on Shopify from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. ATB Cormark Capital Markets upgraded Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Citizens Jmp dropped their price target on Shopify from $200.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 12th. Finally, Phillip Securities upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Shopify currently has a consensus rating of “Moderate Buy” and an average target price of $163.38.

Shopify Stock Up 2.0%

Shares of NASDAQ SHOP opened at $118.42 on Thursday. The firm’s 50-day moving average price is $126.83 and its two-hundred day moving average price is $147.53. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19. The stock has a market capitalization of $154.43 billion, a P/E ratio of 127.33, a P/E/G ratio of 4.12 and a beta of 2.83.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Fast Company ranked Shopify among the top Most Innovative Companies for 2026, a high-profile recognition that supports the company’s narrative as a leading commerce and AI platform and can bolster investor sentiment around Shopify’s long-term growth premium. Fast Company Honors QuickFi / Shopify Mention
• Positive Sentiment: Shopify CFO interviews emphasize AI-driven efficiency (companywide AI mandate delivering strong growth without headcount increases) and an expanded CFO role in capital allocation — messaging that reassures investors about disciplined investment and potential margin leverage from AI. CFO Playbook / AI Efficiency
• Positive Sentiment: Product ecosystem news: Shopify is offering catalog integration for third-party brands and appears in AI-shopping coverage (discovery, checkout integrations) — moves that broaden platform utility for merchants and could support revenue growth from partners and APIs. AI Shopping / Catalog Integration
• Positive Sentiment: Third‑party ecosystem momentum: ASK BOSCO launched a Beta Shopify app and published research on fragmented e‑commerce data — evidence of continued partner innovation on Shopify that can increase merchant stickiness and add platform value. ASK BOSCO Beta App
• Neutral Sentiment: Zacks and other outlets note elevated investor interest and label SHOP a momentum/long‑term idea — increased visibility can amplify moves in either direction but is not an immediate earnings or guidance catalyst. Zacks Momentum Coverage
• Neutral Sentiment: Sector context: a MarketBeat/Market commentary piece on SaaS buybacks highlights that buyback activity is a focus across hurt software names — helpful context if buybacks pick up but not a direct Shopify announcement. SaaS Buybacks Article
• Negative Sentiment: Valuation and margin sensitivity: analyst caution and target trims after recent margin commentary remain the main near-term negative — investors are worried about free-cash-flow margin guidance and multiple compression for premium software names, which has pressured the stock. QuiverQuant Valuation / Analyst Cuts

About Shopify

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.