Shopify Inc. $SHOP Shares Sold by State of Wyoming

State of Wyoming reduced its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 48.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,263 shares of the software maker’s stock after selling 4,990 shares during the period. State of Wyoming’s holdings in Shopify were worth $781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SHOP. The Manufacturers Life Insurance Company increased 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 buying an additional 660,198 shares during the period. Swiss National Bank raised its position in shares of Shopify by 27.0% during the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock worth $487,580,000 after acquiring an additional 876,100 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Shopify by 4.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock worth $436,356,000 after acquiring an additional 145,500 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Shopify by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock worth $414,691,000 after acquiring an additional 159,873 shares during the period. Finally, Amova Asset Management Americas Inc. lifted its stake in shares of Shopify by 5.0% in the first quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock worth $410,219,000 after acquiring an additional 165,080 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Shopify in a report on Thursday, September 10th. They issued an “outperform” rating and a $160.00 target price on the stock. Susquehanna began coverage on shares of Shopify in a report on Friday, July 10th. They set a “neutral” rating for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 price target (up from $180.00) on shares of Shopify in a research report on Friday, October 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Shopify in a research note on Wednesday, October 14th. Finally, Citizens Jmp upped their price objective on shares of Shopify from $150.00 to $185.00 and gave the company a “market outperform” 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 assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Shopify currently has an average rating of “Moderate Buy” and a consensus target price of $177.79.

Trending Headlines about Shopify

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 Stock Down 5.6%

Shopify stock opened at $157.49 on Friday. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $180.88. The firm’s fifty day moving average is $152.78 and its 200 day moving average is $130.26. The company has a market capitalization of $202.63 billion, a PE ratio of 106.41, a PEG ratio of 3.25 and a beta of 2.62.

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

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.