SG Americas Securities LLC Raises Stock Position in Shopify Inc. $SHOP

SG Americas Securities LLC lifted its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 286.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 508,723 shares of the software maker’s stock after buying an additional 377,129 shares during the period. SG Americas Securities LLC’s holdings in Shopify were worth $81,889,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in SHOP. Heartwood Wealth Advisors LLC purchased a new position in Shopify in the third quarter worth about $27,000. Estabrook Capital Management purchased a new stake in Shopify during the second quarter valued at approximately $29,000. JPL Wealth Management LLC purchased a new stake in Shopify during the third quarter valued at approximately $32,000. Vestor Capital LLC bought a new stake in shares of Shopify in the 2nd quarter valued at approximately $34,000. Finally, Caitlin John LLC bought a new stake in shares of Shopify in the 3rd quarter valued at approximately $36,000. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHOP has been the topic of several analyst reports. DZ Bank raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Arete Research set a $175.00 price target on Shopify in a research report on Monday, February 2nd. Raymond James Financial reiterated a “market perform” rating on shares of Shopify in a research report on Monday, December 1st. Wedbush reduced their target price on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Thursday, February 12th. Finally, ATB Cormark Capital Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.38.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: CFO: AI drove growth without adding headcount — Shopify’s CFO detailed how a companywide AI build mandate produced immediate ROI and supported ~30% annual growth without expanding staff, a tangible efficiency story investors like. How Shopify Grew Without Adding to Its Headcount
• Positive Sentiment: Recognition for innovation — Shopify ranked #3 on Fast Company’s 2026 Most Innovative Companies list, reinforcing the company’s platform/technology leadership narrative that supports a premium multiple over time. Shopify Recognition Raises Questions On Growth Premium And Platform Strength
• Positive Sentiment: Momentum/interest signals — Zacks highlights Shopify as a top long-term momentum stock and notes heavy recent search interest, which can support retail-led demand if sentiment stays positive. Why Shopify (SHOP) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: CFO commentary on capital allocation and “agentic commerce” — additional interviews outline strategic focus on AI, capital allocation and geopolitical trade complexity; useful context but not an immediate catalyst. The Global Commerce Reset and a New CFO Playbook
• Neutral Sentiment: Industry trend piece: unbundling of retail — a Forbes analysis argues brands will sell everywhere, which supports Shopify’s omnichannel platform thesis over time but isn’t a one-day driver. The Unbundling Of Retail: Why Brands Will Sell Everywhere
• Neutral Sentiment: Intraday macro-driven move — shares earlier rose on a broad market rally tied to geopolitical comments (a short-lived positive tailwind), illustrating Shopify’s sensitivity to market risk sentiment. Why Shopify (SHOP) Stock Is Trading Up Today
• Negative Sentiment: Valuation and margin concerns weigh — analysis notes the stock has slid on worries of multiple compression after analysts trimmed targets and flagged lower near-term free-cash-flow margins, a primary reason for today’s downside pressure. Shopify slides as valuation concerns linger and Wall Street trims targets after margin commentary
• Negative Sentiment: Notable institutional repositioning — recent institutional filings cited in coverage show large portfolio reductions by some major funds, which can increase selling pressure even as others add to positions. (Source: institutional activity summarized in market coverage.)

Shopify Stock Down 4.1%

Shares of Shopify stock opened at $116.15 on Wednesday. The stock’s fifty day moving average is $127.61 and its two-hundred day moving average is $147.74. The company has a market capitalization of $151.47 billion, a PE ratio of 124.89, a price-to-earnings-growth ratio of 4.29 and a beta of 2.83. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19.

Shopify Company 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.