Dimensional Fund Advisors LP Has $92.87 Million Stake in Shopify Inc. $SHOP

Dimensional Fund Advisors LP raised its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 3.7% during the first quarter, HoldingsChannel.com reports. The fund owned 783,064 shares of the software maker’s stock after acquiring an additional 27,893 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Shopify were worth $92,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TBH Global Asset Management LLC grew its holdings in shares of Shopify by 1.2% in the 4th quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock worth $1,036,000 after purchasing an additional 75 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Shopify by 13.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock worth $72,000 after purchasing an additional 77 shares in the last quarter. Pacific Sage Partners LLC lifted its holdings in Shopify by 3.9% during the 4th quarter. Pacific Sage Partners LLC now owns 2,133 shares of the software maker’s stock valued at $343,000 after purchasing an additional 80 shares during the last quarter. WealthCollab LLC lifted its holdings in Shopify by 26.7% during the 4th quarter. WealthCollab LLC now owns 380 shares of the software maker’s stock valued at $61,000 after purchasing an additional 80 shares during the last quarter. Finally, Secure Asset Management LLC boosted its position in Shopify by 1.8% in the fourth quarter. Secure Asset Management LLC now owns 4,724 shares of the software maker’s stock valued at $760,000 after buying an additional 83 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Susquehanna began coverage on shares of Shopify in a research note on Friday, July 10th. They set a “neutral” rating on the stock. Rothschild & Co Redburn set a $130.00 target price on Shopify and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Stifel Nicolaus set a $150.00 target price on Shopify and gave the stock a “buy” rating in a report on Thursday, July 9th. Robert W. Baird set a $150.00 price target on Shopify in a research report on Wednesday, May 6th. Finally, DA Davidson dropped their price target on Shopify from $195.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Shopify has a consensus rating of “Moderate Buy” and an average target price of $157.69.

Shopify Trading Down 0.9%

Shares of SHOP stock opened at $129.17 on Thursday. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The firm’s 50 day moving average is $115.95 and its 200-day moving average is $120.99. The firm has a market capitalization of $167.62 billion, a price-to-earnings ratio of 127.89, a PEG ratio of 2.81 and a beta of 2.58.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Investor focus remains on Shopify’s second-quarter report, scheduled for August 5. Analysts and Zacks point to favorable earnings momentum and the possibility of a beat, while market participants are anticipating revenue growth in the “high twenties.” Strong guidance, gross merchandise volume, and merchant solutions results could support the stock. Shopify Earnings Expected to Grow
• Positive Sentiment: Shopify is increasingly viewed as an artificial-intelligence commerce beneficiary. Its AI tools cover merchant operations, product discovery, and checkout, while rising AI-driven traffic and orders could strengthen its competitive position versus Meta Platforms. Shopify vs. Meta Platforms
• Positive Sentiment: A broader rotation into enterprise software, helped by lower Treasury yields and renewed confidence that AI spending extends beyond hyperscalers and chipmakers, has provided a favorable backdrop for Shopify and similar technology stocks. Zscaler, Shopify, and PTC Shares
• Neutral Sentiment: New ecosystem developments, including Shopify’s “Built for Shopify” app designation and the DoorDash native sales-channel integration, reinforce platform adoption and merchant reach but offer limited near-term financial data. Shopify and DoorDash Integration
• Negative Sentiment: Criticism of CEO Tobi Lütke over apparent support for giving wealthy shareholders greater voting power introduces a governance overhang, although the immediate financial impact is unclear. Shopify CEO Voting-Power Criticism

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.