Shopify Inc. $SHOP Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 365.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,992 shares of the software maker’s stock after purchasing an additional 51,828 shares during the period. Rakuten Investment Management Inc.’s holdings in Shopify were worth $11,079,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kingdom Financial Group LLC. acquired a new stake in shares of Shopify during the fourth quarter worth $26,000. Curio Wealth LLC acquired a new stake in shares of Shopify during the fourth quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shopify during the fourth quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Shopify during the fourth quarter worth $31,000. Finally, Sound Income Strategies LLC raised its holdings in shares of Shopify by 82.4% during the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after purchasing an additional 89 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify said its board authorized an additional $3 billion share repurchase, lifting the total buyback authorization to $5 billion. That signals confidence in the company’s cash generation and can support the stock by reducing share count. Is Shopify (SHOP) One of the Best Tech Stocks to Invest In on the Dip?
• Positive Sentiment: Analysts and media coverage continue to highlight Shopify’s AI retail infrastructure potential, with the company using AI tools, commerce data, and shopping-channel integrations to position itself for next-generation retail growth. Is Shopify Building the Future Infrastructure for AI Retail?
• Positive Sentiment: Coverage from Zacks and other outlets notes earnings growth and price strength, reinforcing the view that Shopify remains a stock to watch among momentum investors. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
• Neutral Sentiment: At Shopify’s 2026 annual meeting, shareholders elected all director nominees, reappointed PricewaterhouseCoopers as auditor, and approved executive compensation on an advisory basis. The company also said a shareholder proposal for an AI policy was not approved, which removes some governance uncertainty but is unlikely to be a major stock catalyst. Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Neutral Sentiment: One market commentary put a hold rating on Shopify and suggested limited downside from current levels, reflecting that the stock is still viewed as fairly valued by some observers rather than deeply mispriced. Wall Street Has 38 Buy Ratings on Shopify and One Sell. But We Disagree.
• Negative Sentiment: A shareholder proposal on an AI policy was rejected at the annual meeting, and some coverage has framed this as an ongoing governance issue, though it appears to be a secondary factor versus the buyback and growth narrative. Shopify board fighting shareholder push to create AI policy

Wall Street Analyst Weigh In

SHOP has been the topic of a number of research reports. Jefferies Financial Group reissued a “hold” rating and set a $140.00 target price (down from $150.00) on shares of Shopify in a report on Tuesday, May 5th. Citigroup dropped their target price on shares of Shopify from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Robert W. Baird set a $150.00 price target on shares of Shopify in a research report on Wednesday, May 6th. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of Shopify in a research report on Wednesday, May 6th. Finally, National Bank Financial lowered their price target on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.17.

Shopify Stock Performance

Shopify stock opened at $113.23 on Wednesday. The company has a 50-day simple moving average of $113.77 and a 200-day simple moving average of $130.80. The firm has a market capitalization of $146.93 billion, a P/E ratio of 112.11, a P/E/G ratio of 3.15 and a beta of 2.60. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

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

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.