Shopify Inc. $SHOP Stock Sold by Royal Fund Management LLC

Royal Fund Management LLC lessened its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 74.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,676 shares of the software maker’s stock after selling 28,550 shares during the period. Royal Fund Management LLC’s holdings in Shopify were worth $1,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookstone Capital Management grew its stake in Shopify by 16.5% during the 3rd quarter. Brookstone Capital Management now owns 8,774 shares of the software maker’s stock worth $1,301,000 after buying an additional 1,242 shares during the last quarter. Five Oceans Advisors acquired a new stake in shares of Shopify during the third quarter worth $225,000. Root Financial Partners LLC raised its stake in Shopify by 17.3% in the 3rd quarter. Root Financial Partners LLC now owns 3,337 shares of the software maker’s stock worth $495,000 after acquiring an additional 492 shares during the last quarter. Investment House LLC grew its stake in Shopify by 142.5% during the 3rd quarter. Investment House LLC now owns 13,679 shares of the software maker’s stock valued at $2,029,000 after purchasing an additional 8,039 shares during the last quarter. Finally, JSF Financial LLC raised its stake in shares of Shopify by 10.3% in the third quarter. JSF Financial LLC now owns 2,568 shares of the software maker’s stock worth $381,000 after purchasing an additional 240 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC raises target and reiterates bullish view: RBC Dominion Securities initiated an “outperform” rating with a $200 price target, implying approximately 18.2% upside from the referenced $169.23 price. RBC Dominion Securities raises Shopify price target
• Positive Sentiment: AI-driven commerce opportunity: Polen Capital’s Q3 2026 investor commentary identified Shopify as a potential beneficiary of “agentic commerce,” in which AI tools help consumers discover and purchase products. This supports the view that Shopify could benefit from, rather than be disrupted by, AI adoption. Shopify could benefit from AI-driven agentic commerce
• Positive Sentiment: Growth and momentum remain investor supports: Coverage highlights Shopify’s earnings growth, payments expansion, strong gross merchandise volume and 56% three-month share-price rally. Shopify’s ecosystem also continues to expand through certified technology partners such as poq and new checkout-related commerce tools. Shopify earnings growth and price strength
• Neutral Sentiment: New merchant monetization initiatives: Disco launched an advertiser-funded cashback format within Shopify checkout, reporting roughly 5% higher order conversion in pilot data. The development could improve merchant engagement and checkout monetization, although the direct financial benefit to Shopify is not yet clear. Disco launches Pre-Purchase for Shopify checkout
• Negative Sentiment: Valuation and downgrade risks: ATB Cormark downgraded Shopify to “sector perform” from “outperform” after the sharp rally, citing the stock’s substantial appreciation. Commentary also warns that Shopify’s premium valuation leaves less room for disappointment, despite strong operating growth. ATB Cormark downgrades Shopify after rally

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Canaccord Genuity Group set a $180.00 price objective on Shopify and gave the company a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley cut shares of Shopify from an “overweight” rating to a “buy” rating in a report on Monday, July 13th. Barclays set a $145.00 target price on Shopify and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Citizens Jmp upped their price objective on shares of Shopify from $150.00 to $185.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein assumed coverage on shares of Shopify in a research note on Thursday, September 10th. They set an “outperform” rating and a $160.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.28.

Shopify Stock Down 0.1%

NASDAQ SHOP traded down $0.13 during trading hours on Friday, hitting $168.68. 4,101,232 shares of the company were exchanged, compared to its average volume of 8,230,026. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. The firm has a market cap of $217.03 billion, a price-to-earnings ratio of 113.97, a PEG ratio of 3.49 and a beta of 2.62. The company has a 50 day moving average of $150.92 and a two-hundred day moving average of $130.14. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $3.58 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. Shopify’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. Equities research analysts anticipate that Shopify Inc. will post 1.46 earnings per share for the current year.

Shopify Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.