Runnymede Capital Advisors Inc. Invests $937,000 in Shopify Inc. $SHOP

Runnymede Capital Advisors Inc. acquired a new position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,819 shares of the software maker’s stock, valued at approximately $937,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SHOP. Vanguard Group Inc. lifted its position in Shopify by 1.2% during the third quarter. Vanguard Group Inc. now owns 49,926,824 shares of the software maker’s stock valued at $7,417,517,000 after purchasing an additional 610,129 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Shopify by 64.3% in the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after buying an additional 7,403,821 shares during the last quarter. TD Asset Management Inc raised its position in shares of Shopify by 1.4% during the 3rd quarter. TD Asset Management Inc now owns 8,528,510 shares of the software maker’s stock valued at $1,267,327,000 after buying an additional 118,836 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Shopify by 3.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,588,934 shares of the software maker’s stock worth $978,679,000 after acquiring an additional 213,315 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Shopify by 4.4% during the 3rd quarter. Legal & General Group Plc now owns 6,188,885 shares of the software maker’s stock worth $919,665,000 after acquiring an additional 260,968 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Strong Q2 metrics and product momentum: A recent analysis highlights Shopify’s 30.6% Y/Y revenue growth, durable free‑cash‑flow gains, expanding Shop Pay/merchant solutions adoption, and a push of AI‑powered commerce tools that could deepen merchant engagement and broaden payments/discovery use cases — a fundamental driver for upside. AI Commerce Push And Strong Q2 Results Could Be A Game Changer For Shopify (SHOP)
• Positive Sentiment: Analyst consensus is favorable: Aggregated analyst ratings show a “Moderate Buy” consensus for SHOP, which can support demand if investors follow sell‑side guidance or if upgrades continue. Shopify Inc. (NASDAQ:SHOP) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Buy‑on‑dip narrative: Market commentary grouping Shopify among attractive growth names amid a Nasdaq pullback could draw contrarian inflows from investors seeking long‑term exposure to commerce and AI tailwinds. Nasdaq Correction: 2 Outstanding Growth Stocks to Buy on the Dip
• Neutral Sentiment: Media pieces urging investors to “add Shopify” lean on average brokerage recommendations but also warn that sell‑side optimism can be overstated — useful context but not new company fundamentals. Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet
• Neutral Sentiment: Partner and ecosystem updates (third‑party storefront builders and integrations like TikTok Shop) increase merchant tooling and platform stickiness but are incremental versus Shopify’s core financial drivers. Emersoft Expands Its Unified Commerce Platform for Independent Bookstores to Include TikTok Shop Integration Sell The Trend Launches AI-Powered Shopify Store Builder to Help Entrepreneurs Go Live in Minutes
• Negative Sentiment: Critical/contrarian analysis: Some writeups pair Shopify with other small‑cap names in skeptical or critical analyses — such coverage can pressure sentiment if it raises concerns about valuation (SHOP’s P/E and PEG are elevated) or growth sustainability. iCoreConnect (NASDAQ:ICCT) & Shopify (NASDAQ:SHOP) Critical Analysis

Shopify Price Performance

NASDAQ SHOP opened at $118.25 on Monday. The company has a 50-day simple moving average of $122.52 and a two-hundred day simple moving average of $146.10. Shopify Inc. has a 12-month low of $69.84 and a 12-month high of $182.19. The firm has a market cap of $154.21 billion, a price-to-earnings ratio of 127.15, a PEG ratio of 4.24 and a beta of 2.82.

Analyst Upgrades and Downgrades

SHOP has been the topic of a number of research analyst reports. ATB Cormark Capital Markets raised Shopify from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Piper Sandler started coverage on Shopify in a research note on Thursday, March 12th. They set an “overweight” rating and a $165.00 price target for the company. Moffett Nathanson upgraded Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Monday, February 9th. KeyCorp reissued an “overweight” rating and set a $160.00 price objective on shares of Shopify in a report on Wednesday, February 11th. Finally, BMO Capital Markets set a $160.00 target price on Shopify in a research report on Thursday, February 12th. Three investment 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.38.

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.