Shopify Inc. $SHOP Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC reduced its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,912 shares of the software maker’s stock after selling 18,176 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Shopify were worth $9,795,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHOP. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of Shopify during the third quarter worth about $4,110,000. Principal Financial Group Inc. grew its stake in Shopify by 16.3% during the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock valued at $67,006,000 after purchasing an additional 63,300 shares in the last quarter. Triton Financial Group Inc acquired a new stake in Shopify during the 3rd quarter valued at approximately $1,931,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Shopify by 65.5% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock worth $23,557,000 after purchasing an additional 62,743 shares during the last quarter. Finally, TriaGen Wealth Management LLC acquired a new position in shares of Shopify in the 3rd quarter valued at approximately $2,562,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

NASDAQ SHOP opened at $134.79 on Friday. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The company has a 50-day simple moving average of $138.11 and a 200-day simple moving average of $149.08. The firm has a market capitalization of $175.48 billion, a PE ratio of 144.94, a price-to-earnings-growth ratio of 4.72 and a beta of 2.83.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analysts point to Shopify’s expanding AI-powered product set (Sidekick, Agentic Commerce, UCP) and a “Rule of 47.3%” performance that signal durable SaaS economics and a widening moat. Shopify’s Rule Of 47.3% And Leading SaaS Position Doesn’t Come Cheap
• Positive Sentiment: Recent sell‑side upgrades and a board‑authorized $2 billion share repurchase program have lifted sentiment and likely drew incremental buying today. Shopify jumps as recent analyst upgrades and buyback plan bolster sentiment
• Positive Sentiment: Q4 beat (+31% YoY revenue) and Q1 FY26 guidance calling for low‑30s revenue growth reinforce the growth narrative and justify higher multiple expectations for now. Shopify: An AI Winner Not A Loser (Rating Upgrade)
• Positive Sentiment: Third‑party ecosystem expansion (Dotdigital’s acquisition of Alia, a Shopify‑focused AI emailing/list‑growth tool) strengthens the platform effect and merchant adoption. Dotdigital Group plc acquires Alia Software Inc. to power smarter audience growth and accelerate Shopify expansion
• Neutral Sentiment: Coverage notes Shopify is gaining U.S. e‑commerce share and pushing new AI tools, but some investors are still “testing” conviction as adoption scales. Shopify AI Push And Market Share Gains Test Investor Confidence
• Neutral Sentiment: Quarterly investor letters and fund commentary (e.g., Baron Capital) highlight Shopify’s Q4 strength, supporting institutional interest but not a guaranteed short‑term catalyst. Strong Results Lifted Shopify (SHOP) in Q4
• Negative Sentiment: Large institutional reallocations (notably multi‑hundred‑million dollar reductions by some funds) and uneven hedge‑fund flows make the stock prone to sharp moves on sentiment changes. Shopify jumps as recent analyst upgrades and buyback plan bolster sentiment
• Negative Sentiment: Analysts warn of gross‑margin pressure from business mix and near‑term free‑cash‑flow margin contraction, which could limit multiple expansion if margins don’t stabilize. Shopify: An AI Winner Not A Loser (Rating Upgrade)

Wall Street Analysts Forecast Growth

SHOP has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $191.00 price target on shares of Shopify and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Bank of America increased their price objective on shares of Shopify from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Cantor Fitzgerald reissued a “neutral” rating and set a $126.00 price objective (down from $181.00) on shares of Shopify in a report on Thursday, February 12th. TD Cowen upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a research note on Wednesday, February 11th. Finally, Arete Research set a $175.00 price target on Shopify in a research note on Monday, February 2nd. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.64.

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.