Shopify Inc. $SHOP Stock Acquired by Kurv Investment Management LLC

Kurv Investment Management LLC grew its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 195.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,315 shares of the software maker’s stock after acquiring an additional 24,015 shares during the period. Shopify comprises approximately 2.7% of Kurv Investment Management LLC’s portfolio, making the stock its 11th largest position. Kurv Investment Management LLC’s holdings in Shopify were worth $5,386,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in shares of Shopify by 8.5% in the first quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock valued at $998,137,000 after acquiring an additional 660,198 shares in the last quarter. Swiss National Bank grew its stake in Shopify by 27.0% during 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 stake 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 worth $436,356,000 after purchasing an additional 145,500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings 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 worth $414,691,000 after purchasing an additional 159,873 shares during the period. Finally, Amova Asset Management Americas Inc. increased its holdings 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 worth $410,219,000 after purchasing an additional 165,080 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SHOP. Wedbush reaffirmed an “outperform” rating and issued a $176.00 price target on shares of Shopify in a research report on Wednesday, September 23rd. National Bank Financial reissued an “outperform” rating and set a $180.00 price objective (up from $155.00) on shares of Shopify in a research report on Wednesday, August 5th. The Goldman Sachs Group upped their target price on shares of Shopify from $170.00 to $194.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird raised their target price on shares of Shopify from $160.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, October 14th. Finally, DA Davidson set a $200.00 price target on shares of Shopify and gave the stock a “buy” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average target price of $177.79.

Shopify Trading Down 5.6%

NASDAQ:SHOP opened at $157.49 on Friday. The stock has a 50-day simple moving average of $152.78 and a 200-day simple moving average of $130.26. The stock has a market cap of $202.63 billion, a P/E ratio of 106.41, a P/E/G ratio of 3.45 and a beta of 2.62. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $180.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35.

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 the consensus estimate 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 for the quarter. During the same period last year, the business posted $0.69 EPS. Shopify’s revenue was up 33.7% on a year-over-year basis. As a group, analysts anticipate that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Shopify Company Profile

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.