Shopify Inc. $SHOP Stock: Sumitomo Mitsui Trust Group Inc. Decreases Stake

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 29.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,523,858 shares of the software maker’s stock after selling 1,061,862 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Shopify were worth $374,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. increased its position in Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after buying an additional 155 shares during the period. Graney & King LLC acquired a new position in shares of Shopify during the first quarter worth approximately $27,000. Fortitude Family Office LLC bought a new stake in shares of Shopify in the third quarter valued at approximately $29,000. MADDEN SECURITIES Corp bought a new stake in shares of Shopify in the third quarter valued at approximately $30,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Shopify in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

SHOP has been the topic of several research analyst reports. Truist Financial set a $180.00 price objective on shares of Shopify and gave the stock a “buy” rating in a research note on Wednesday, August 5th. UBS Group reiterated a “neutral” rating and set a $145.00 target price (up from $130.00) on shares of Shopify in a research note on Thursday, August 6th. Canaccord Genuity Group set a $180.00 target price on shares of Shopify and gave the company a “buy” rating in a research note on Wednesday, August 5th. Susquehanna assumed coverage on shares of Shopify in a report on Friday, July 10th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $180.00 price target (up from $144.00) on shares of Shopify in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $177.79.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Shopify Trading Down 5.6%

Shopify stock opened at $157.49 on Friday. The business has a 50 day moving average price of $152.78 and a two-hundred day moving average price of $130.26. 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 stock has a market cap of $202.63 billion, a price-to-earnings ratio of 106.41, a price-to-earnings-growth ratio of 3.25 and a beta of 2.62. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $180.88.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The company had revenue of $3.58 billion during the quarter. During the same quarter in the prior year, the business posted $0.69 EPS. Shopify’s revenue was up 33.7% compared to the same quarter last year. As a group, equities analysts forecast that Shopify Inc. will post 1.46 EPS for the current year.

Shopify Company 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.