Shopify Inc. $SHOP Shares Sold by Sepio Capital LP

Sepio Capital LP decreased its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,355 shares of the software maker’s stock after selling 3,500 shares during the quarter. Sepio Capital LP’s holdings in Shopify were worth $5,540,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in shares of Shopify by 8.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock worth $998,137,000 after purchasing an additional 660,198 shares during the last quarter. Swiss National Bank boosted its stake in Shopify by 27.0% in the 1st quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock worth $487,580,000 after purchasing an additional 876,100 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Shopify by 4.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock valued at $436,356,000 after purchasing an additional 145,500 shares during the last quarter. Bank of New York Mellon Corp grew its position in Shopify by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock valued at $414,691,000 after purchasing an additional 159,873 shares during the last quarter. Finally, Amova Asset Management Americas Inc. grew its position in Shopify by 5.0% during the 1st quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock valued at $410,219,000 after purchasing an additional 165,080 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify’s integration with Meta’s Muse AI shopping agent continues to attract attention. The partnership allows AI-driven orders using Shop Pay to generate normal commerce revenue for Shopify merchants, reinforcing the company’s position in emerging AI-assisted shopping. Shopify Soars 33% in a Month on Meta’s Muse Deal
• Positive Sentiment: Analyst commentary highlights Shopify’s strong growth profile, including rising AI adoption, payments expansion and gross merchandise volume. These trends could support continued above-market growth, although they are already reflected in the stock’s elevated valuation. Shopify Is an Incredible Growth Stock
• Positive Sentiment: Poq became a Shopify Certified Technology Partner, making its native mobile-app platform easier for enterprise merchants to discover. The certification strengthens Shopify’s broader commerce technology ecosystem, though the direct financial benefit to Shopify is likely limited. Poq Is Now a Shopify Certified Technology Partner
• Neutral Sentiment: Disco launched an advertiser-funded cashback feature within Shopify checkout, reporting approximately 5% higher order conversion during pilot testing. The initiative could improve merchant engagement and checkout monetization, but it is a third-party development rather than a direct Shopify announcement. Disco Launches Pre-Purchase
• Neutral Sentiment: Octane AI introduced an AI quiz-building tool for Shopify brands, adding to the platform’s growing ecosystem of merchant-focused AI applications. The product may help merchants improve personalization but is unlikely to materially affect Shopify’s results immediately. Octane AI Launches Phoenix
• Negative Sentiment: ATB Cormark downgraded SHOP to Sector Perform from Outperform and set a C$234 price target after the stock advanced roughly 56% in three months. The downgrade reflects concern that AI-related optimism and other gains may have already priced in much of Shopify’s future growth. Shopify Down as ATB Cormark Downgrades the Stock
• Negative Sentiment: Despite bullish Wall Street recommendations and strong operating momentum, commentary emphasizes that Shopify trades at a premium valuation after its sharp rally. That valuation leaves the stock vulnerable to profit-taking or disappointment if growth slows. Shopify Jumps 56% in Three Months

Wall Street Analyst Weigh In

SHOP has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Shopify in a research note on Wednesday, October 14th. Wedbush reiterated an “outperform” rating and issued a $176.00 target price on shares of Shopify in a research note on Wednesday, September 23rd. Barclays set a $145.00 price target on shares of Shopify and gave the company an “equal weight” rating in a report on Thursday, August 6th. Sanford C. Bernstein assumed coverage on shares of Shopify in a research report on Thursday, September 10th. They set an “outperform” rating and a $160.00 price target for the company. Finally, Piper Sandler reissued an “overweight” rating on shares of Shopify in a research report on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $175.89.

Shopify Trading Down 3.1%

Shopify stock opened at $168.81 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The stock has a market capitalization of $217.20 billion, a PE ratio of 114.06, a price-to-earnings-growth ratio of 3.60 and a beta of 2.62. The business’s fifty day moving average is $150.64 and its 200 day moving average is $129.87.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The business had revenue of $3.58 billion during the quarter. During the same period last year, the firm posted $0.69 EPS. Shopify’s quarterly revenue was up 33.7% compared to the same quarter last year. On average, sell-side analysts predict that Shopify Inc. will post 1.46 EPS for the current year.

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.