Bornite Capital Management LP Invests $14.86 Million in Shopify Inc. $SHOP

Bornite Capital Management LP purchased a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the software maker’s stock, valued at approximately $14,861,000. Shopify makes up approximately 1.4% of Bornite Capital Management LP’s portfolio, making the stock its 27th largest position.

A number of other large investors have also recently added to or reduced their stakes in SHOP. Financial Gravity Companies Inc. acquired a new stake in shares of Shopify in the 2nd quarter valued at about $27,000. Rothschild Investment LLC increased its holdings in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Heartwood Wealth Advisors LLC acquired a new stake in Shopify during the third quarter valued at approximately $27,000. Estabrook Capital Management acquired a new stake in Shopify during the second quarter valued at approximately $29,000. Finally, Access Investment Management LLC bought a new position in Shopify during the 2nd quarter worth approximately $31,000. 69.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SHOP has been the subject of a number of research analyst reports. Canaccord Genuity Group set a $165.00 price target on Shopify and gave the company a “buy” rating in a report on Thursday, February 12th. National Bank Financial boosted their target price on shares of Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Citigroup reissued a “buy” rating and set a $172.00 target price (down from $195.00) on shares of Shopify in a report on Friday, February 13th. Wedbush decreased their price target on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Finally, BMO Capital Markets set a $160.00 price objective on shares of Shopify in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.64.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company reported a strong Q4 and gave upbeat Q1 revenue guidance (management called for “low‑thirties” revenue growth), with analysts highlighting AI and marketplace-driven strength as growth drivers. Shopify Q4 strength highlights AI and marketplace growth: analysts
• Positive Sentiment: Post‑earnings sentiment rebound tied to strong revenue/GME trends and a newly authorized $2 billion share buyback, which supports the stock after recent volatility and signals shareholder friendliness. Shopify jumps as post-earnings sentiment improves and investors refocus on growth outlook and buyback
• Positive Sentiment: Analyst activity: DZ Bank upgraded SHOP to “strong‑buy” and Truist set a $150 price target / “buy” — fresh buy-side signals that can attract demand. DZ Bank upgrade reported via Zacks Shopify upgraded to Buy at Truist
• Neutral Sentiment: Partner ecosystem activity: Avenue Z acquired Varfaj, a Shopify premier partner, indicating ongoing investment in Shopify’s developer/partner ecosystem (incremental, ecosystem‑level benefit). Avenue Z Acquires Shopify Design and Technology Premier Partner Varfaj
• Neutral Sentiment: Brokerage consensus remains skewed positive (multiple buy/outperform calls and a “moderate buy” consensus) — supportive but mixed price targets leave dispersion in expectations. Shopify Given Consensus Recommendation of Moderate Buy
• Negative Sentiment: Some analysts/commentary caution that solid Q4 results may not immediately resolve margin pressure, valuation concerns, or longer-term platform questions — a reminder of execution risk despite top‑line momentum. Why Solid Q4 Earnings Aren’t Enough to Turn Its Fortunes Around

Shopify Price Performance

SHOP opened at $121.64 on Thursday. The stock’s 50 day moving average price is $147.54 and its 200 day moving average price is $150.71. The stock has a market cap of $158.36 billion, a P/E ratio of 130.80, a P/E/G ratio of 4.14 and a beta of 2.83. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19.

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.