State of Wisconsin Investment Board Takes Position in Shopify Inc. $SHOP

State of Wisconsin Investment Board purchased a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the fourth quarter, HoldingsChannel reports. The firm purchased 439,830 shares of the software maker’s stock, valued at approximately $70,912,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Captrust Financial Advisors raised its position in shares of Shopify by 144.9% in the fourth quarter. Captrust Financial Advisors now owns 75,428 shares of the software maker’s stock valued at $12,142,000 after buying an additional 44,633 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Shopify by 102.5% in the fourth quarter. Fred Alger Management LLC now owns 588,028 shares of the software maker’s stock valued at $94,655,000 after buying an additional 297,709 shares in the last quarter. Manchester Global Management UK Ltd acquired a new stake in shares of Shopify in the fourth quarter valued at approximately $24,621,000. Melqart Asset Management UK Ltd raised its position in shares of Shopify by 134.3% in the fourth quarter. Melqart Asset Management UK Ltd now owns 32,388 shares of the software maker’s stock valued at $5,213,000 after buying an additional 18,566 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of Shopify by 17.4% in the fourth quarter. Blair William & Co. IL now owns 610,733 shares of the software maker’s stock valued at $98,310,000 after buying an additional 90,546 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHOP. Weiss Ratings downgraded shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. BMO Capital Markets cut their price target on shares of Shopify from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price target on shares of Shopify in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $150.00 price target on shares of Shopify in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.17.

Shopify Trading Up 0.7%

Shares of Shopify stock opened at $113.23 on Wednesday. The company has a 50 day moving average of $113.77 and a 200-day moving average of $130.80. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19. The company has a market cap of $146.93 billion, a PE ratio of 112.11, a price-to-earnings-growth ratio of 3.15 and a beta of 2.60.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. Research analysts forecast that Shopify Inc. will post 1.36 earnings per share for the current year.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify expanded its share repurchase program to US$5 billion, a sign management believes the stock is attractive and a potential tailwind for earnings per share. What Shopify (SHOP)’s US$5 Billion Buyback and AI Commerce Push Means For Shareholders
• Positive Sentiment: At Shopify’s 2026 annual meeting, shareholders elected all director nominees, reappointed PwC as auditor, and approved executive compensation, which signals broad support for current leadership. Shopify (SHOP) Backs Management At 2026 Meeting As Shareholders Reject AI Policy
• Positive Sentiment: Investors rejected a proposed AI policy, effectively giving management more flexibility to continue rolling out AI features such as the Sidekick assistant and AI-powered product discovery. Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Positive Sentiment: Analyst sentiment remains constructive, with one recent report saying Shopify has an average rating of “Moderate Buy”, reinforcing the bullish tone around the name. Shopify Inc. (NASDAQ:SHOP) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Several coverage pieces highlighted Shopify’s AI commerce strategy and its role as potential infrastructure for retail, but these were largely commentary rather than new hard financial results. Is Shopify Building the Future Infrastructure for AI Retail?
• Negative Sentiment: One valuation-focused article argued Shopify may be trading near fair value and suggested limited near-term downside protection, which could temper enthusiasm at current levels. Wall Street Has 38 Buy Ratings on Shopify and One Sell. But We Disagree.

About Shopify

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.