Rathbones Group PLC Reduces Stock Position in Shopify Inc. $SHOP

Posted by Stanley Muller on May 21st, 2026

Rathbones Group PLC lessened its position in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 5.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,401,781 shares of the software maker’s stock after selling 76,827 shares during the period. Rathbones Group PLC’s holdings in Shopify were worth $225,645,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jennison Associates LLC lifted its holdings in 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 period. Thrivent Financial for Lutherans raised its holdings in shares of 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 valued at $184,883,000 after acquiring an additional 1,132,545 shares in the last quarter. Select Equity Group L.P. raised its holdings in shares of 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 valued at $259,124,000 after acquiring an additional 1,079,494 shares in the last quarter. Steadfast Capital Management LP purchased a new stake in Shopify in the third quarter worth $140,930,000. Finally, Vanguard Group Inc. increased its position in Shopify by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after purchasing an additional 743,803 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Thrive Capital’s rare $100 million investment is drawing attention to Shopify’s AI initiatives and reinforcing the idea that the company may be using artificial intelligence to deepen its commerce platform and improve long-term growth. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation
Positive Sentiment: Shopify’s Q1 earnings call was interpreted as signaling AI-fueled growth, which can support the view that the company is building new monetization opportunities beyond its core ecommerce tools. Shopify Earnings Call Signals AI-Fueled Growth
Positive Sentiment: Analysts highlighted Shopify’s $67 billion in payments volume, 67% payments penetration, and 59% growth in Shop Pay, pointing to a strong monetization runway in Merchant Solutions. Can Shopify’s $67B Payments Volume Deepen Its Monetization Runway?
Positive Sentiment: Several investor and commentary pieces continue to frame Shopify as a long-term winner, citing its market share gains, institutional interest, and durable growth profile. Is Shopify Inc. (SHOP) Among Stocks That Will Make You Rich Over the Next Decade?
Neutral Sentiment: Loomis Sayles said it is sticking with Shopify in its global growth portfolio, but the note appears more like a portfolio update than a direct catalyst for the stock. Loomis Sayles Global Growth Fund Holds Firm on Shopify (SHOP) Beyond AI Narrative
Neutral Sentiment: Freshworks named Shopify among winners of its customer awards, which is positive branding but unlikely to materially move the shares on its own. Freshworks Announces Winners of the 2026 Global Customer Awards
Negative Sentiment: Despite the upbeat news flow, Shopify’s recent performance remains weak versus prior levels, with articles noting sizable month-to-date and year-to-date declines that may keep valuation concerns in focus. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation

Wall Street Analysts Forecast Growth

Several research analysts have commented on SHOP shares. Piper Sandler restated an “overweight” rating and issued a $150.00 price objective (down from $165.00) on shares of Shopify in a report on Tuesday, May 5th. TD Cowen upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $175.00 price objective on shares of Shopify in a report on Thursday, February 12th. Mizuho upgraded shares of Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Thursday, February 12th. Finally, UBS Group set a $130.00 price objective on shares of Shopify and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.42.

Read Our Latest Research Report on SHOP

Shopify Price Performance

NASDAQ:SHOP opened at $105.01 on Thursday. The firm’s 50-day moving average price is $117.31 and its 200-day moving average price is $136.58. The company has a market capitalization of $136.27 billion, a PE ratio of 103.97, a P/E/G ratio of 2.83 and a beta of 2.64. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $182.19.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last released its earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. Equities analysts anticipate that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Shopify Profile

(Free Report)

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.