Three Seasons Wealth LLC Has $2.19 Million Stake in Shopify Inc. $SHOP

Three Seasons Wealth LLC lifted its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 68.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,489 shares of the software maker’s stock after acquiring an additional 7,502 shares during the quarter. Three Seasons Wealth LLC’s holdings in Shopify were worth $2,193,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Shopify by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after acquiring an additional 743,803 shares during the period. Norges Bank bought a new position in Shopify during the fourth quarter worth $2,611,797,000. Invesco Ltd. increased its holdings in shares of Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after purchasing an additional 1,252,074 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Shopify by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock valued at $2,043,365,000 after purchasing an additional 737,892 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Shopify by 9.1% during the 4th quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock worth $1,627,352,000 after buying an additional 827,643 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Stock Down 1.7%

Shares of Shopify stock opened at $123.55 on Thursday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The company has a 50-day simple moving average of $111.93 and a two-hundred day simple moving average of $123.98. The stock has a market capitalization of $160.33 billion, a price-to-earnings ratio of 122.33, a price-to-earnings-growth ratio of 2.73 and a beta of 2.58.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets started coverage on shares of Shopify in a research report on Friday, July 10th. They set a “market perform” rating for the company. Citizens Jmp reduced their price objective on Shopify from $160.00 to $150.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. BTIG Research assumed coverage on Shopify in a research report on Friday, July 10th. They issued a “buy” rating on the stock. Finally, UBS Group reiterated a “neutral” rating on shares of Shopify in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.58.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Several brokerages turned more constructive on Shopify, including Jefferies, Stifel and Bank of America, with upgrades and higher price targets pointing to renewed confidence in earnings potential and longer-term growth. Why Wall Street Is Suddenly Rushing Back Into Beaten-Down Shopify (SHOP) Stock
• Positive Sentiment: Shopify also received a Zacks Rank #1 (Strong Buy), reinforcing the bullish view that earnings expectations may improve. Shopify (SHOP) Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: DoorDash announced a native Shopify integration that lets independent merchants add on-demand delivery more quickly, which could make Shopify’s platform more attractive to small retailers and support merchant engagement. DoorDash teams with Shopify on delivery for small retailers
• Neutral Sentiment: Fintech and e-commerce commentary continued to spotlight Shopify’s payments infrastructure and platform ecosystem, but these pieces were mostly broad business coverage rather than a direct catalyst. Shopify: Redefining Payments Infrastructure for Merchants
• Negative Sentiment: The latest trading session showed Shopify falling even as the broader market rose, reflecting ongoing investor caution after a sizable year-to-date decline and concerns about slower growth and AI-related costs. Shopify (SHOP) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: A separate article about fake Shopify stores being used in an alleged scam could add negative headlines around the brand, though it appears unrelated to Shopify’s core business. NFL Players Targeted in E-Commerce Scheme Using Fake Shopify Stores

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.