Three Seasons Wealth LLC Has $2.19 Million Stock Holdings in Shopify Inc. $SHOP

Three Seasons Wealth LLC raised its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 68.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 18,489 shares of the software maker’s stock after acquiring an additional 7,502 shares during the period. Three Seasons Wealth LLC’s holdings in Shopify were worth $2,193,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SHOP. Norges Bank bought a new position in shares of Shopify during the 4th quarter worth approximately $2,611,797,000. Sands Capital Management LLC lifted its position in shares of Shopify by 37.0% in the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock worth $1,530,187,000 after purchasing an additional 2,568,765 shares in the last quarter. Invesco Ltd. lifted its position in shares of Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after purchasing an additional 1,252,074 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Shopify by 7,207.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock worth $184,883,000 after purchasing an additional 1,132,545 shares during the last quarter. Finally, Select Equity Group L.P. boosted its holdings in Shopify by 92.5% during the second quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock worth $259,124,000 after purchasing an additional 1,079,494 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SHOP shares. National Bank Financial lowered their price target on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Stifel Nicolaus set a $150.00 price objective on shares of Shopify and gave the stock a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective on shares of Shopify in a report on Wednesday, May 6th. Morgan Stanley downgraded Shopify from an “overweight” rating to a “buy” rating in a research report on Monday. Finally, Bank of America started coverage on Shopify in a report on Tuesday, July 7th. They set a “buy” rating and a $150.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.58.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Several brokerages turned more constructive on Shopify, including Jefferies, Stifel and Bank of America, with upgrades and higher price targets pointing to renewed confidence in earnings potential and longer-term growth. Why Wall Street Is Suddenly Rushing Back Into Beaten-Down Shopify (SHOP) Stock
• Positive Sentiment: Shopify also received a Zacks Rank #1 (Strong Buy), reinforcing the bullish view that earnings expectations may improve. Shopify (SHOP) Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: DoorDash announced a native Shopify integration that lets independent merchants add on-demand delivery more quickly, which could make Shopify’s platform more attractive to small retailers and support merchant engagement. DoorDash teams with Shopify on delivery for small retailers
• Neutral Sentiment: Fintech and e-commerce commentary continued to spotlight Shopify’s payments infrastructure and platform ecosystem, but these pieces were mostly broad business coverage rather than a direct catalyst. Shopify: Redefining Payments Infrastructure for Merchants
• Negative Sentiment: The latest trading session showed Shopify falling even as the broader market rose, reflecting ongoing investor caution after a sizable year-to-date decline and concerns about slower growth and AI-related costs. Shopify (SHOP) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: A separate article about fake Shopify stores being used in an alleged scam could add negative headlines around the brand, though it appears unrelated to Shopify’s core business. NFL Players Targeted in E-Commerce Scheme Using Fake Shopify Stores

Shopify Price Performance

Shares of SHOP stock opened at $123.55 on Thursday. The stock has a market cap of $160.33 billion, a P/E ratio of 122.33, a P/E/G ratio of 2.73 and a beta of 2.58. The company has a fifty day moving average price of $111.93 and a two-hundred day moving average price of $123.98. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

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.