Shopify Inc. $SHOP Shares Sold by Huntington National Bank

Huntington National Bank lowered its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 278,415 shares of the software maker’s stock after selling 13,721 shares during the quarter. Huntington National Bank’s holdings in Shopify were worth $41,375,000 as of its most recent filing with the Securities and Exchange Commission.

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

Shopify Stock Performance

Shares of SHOP stock opened at $120.73 on Friday. The stock’s 50-day moving average is $141.56 and its two-hundred day moving average is $149.63. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19. The firm has a market cap of $157.17 billion, a price-to-earnings ratio of 129.82, a PEG ratio of 4.59 and a beta of 2.83.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Large buyback and AI roadmap — Shopify announced a US$2 billion share buyback and introduced agentic storefronts plus the Universal Commerce Protocol, signaling aggressive capital return and a push to embed AI into merchants’ stacks, which can support revenue and margin expansion over time. Shopify Buyback And AI Push Test Valuation And Growth Expectations
• Positive Sentiment: GMV growth and AI integration — Portfolio commentary and independent coverage point to reaccelerating GMV coupled with deeper AI integration, reinforcing the case that product-led improvements are translating into merchant activity and payment/fulfillment revenue. Shopify (SHOP) GMV Growth Reaccelerates as AI Integration Strengthens Investment Case
• Neutral Sentiment: Industry AI tooling evolution — Third‑party AI imaging and product-fidelity advances (Rewarx Studio) highlight broader e‑commerce tooling improvements that benefit platforms like Shopify indirectly; helpful for merchant UX but not an immediate revenue catalyst. How Rewarx Studio AI is Solving the Fidelity Crisis in AI Product Photography: A Data-Driven Leap Across Global E-commerce Brands
• Neutral Sentiment: Investor interest and coverage — Multiple retail analyst/coverage pieces (Zacks, Seeking Alpha comparisons) are driving attention and search volume; these increase liquidity and volatility but offer mixed buy/sell signals. Is Trending Stock Shopify Inc. (SHOP) a Buy Now?
• Negative Sentiment: Analyst price-target cut and valuation pressure — Jefferies lowered its price target (from $160 to $125), citing softer software-sector multiples and valuation risk; with SHOP trading well above its 52‑week low and still a high P/E, this weighs on near-term sentiment. Shopify Inc’s (SHOP) Target Price Lowered Amid Lower Software Valuation Concerns
• Negative Sentiment: Profit-taking after recent run and technicals — The stock’s drop comes amid a recent run-up, lower intraday volume versus average, and price sitting below its 50- and 200-day moving averages, which can trigger momentum-driven selling. Why Shopify (SHOP) Stock Is Up Today

Analysts Set New Price Targets

SHOP has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Shopify in a report on Wednesday, November 5th. Evercore set a $135.00 price objective on shares of Shopify in a research report on Wednesday, February 11th. DA Davidson boosted their target price on shares of Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $180.00 price target on shares of Shopify in a research note on Thursday, February 12th. Finally, Citizens Jmp decreased their price target on Shopify from $200.00 to $160.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Shopify has a consensus rating of “Moderate Buy” and a consensus price target of $162.64.

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.