Nuveen LLC Sells 1,025,124 Shares of Shopify Inc. $SHOP

Posted by Brenda Bartman on Jun 12th, 2026

Nuveen LLC cut its stake in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,100,961 shares of the software maker’s stock after selling 1,025,124 shares during the quarter. Nuveen LLC’s holdings in Shopify were worth $982,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. First Affirmative Financial Network lifted its holdings in shares of Shopify by 3.4% in the 3rd quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker’s stock worth $338,000 after acquiring an additional 75 shares during the last quarter. TBH Global Asset Management LLC lifted 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 acquiring an additional 75 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Shopify by 13.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock worth $72,000 after acquiring an additional 77 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Shopify by 2.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 3,164 shares of the software maker’s stock worth $509,000 after acquiring an additional 80 shares during the last quarter. Finally, Pacific Sage Partners LLC lifted its holdings in shares of Shopify by 3.9% in the 4th quarter. Pacific Sage Partners LLC now owns 2,133 shares of the software maker’s stock worth $343,000 after acquiring an additional 80 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify Stock Up 2.1%

NASDAQ:SHOP opened at $110.47 on Friday. The company has a fifty day moving average of $114.20 and a 200 day moving average of $131.77. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The firm has a market capitalization of $143.35 billion, a P/E ratio of 109.38, a P/E/G ratio of 3.03 and a beta of 2.60.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SHOP shares. Wells Fargo & Company lowered their price objective on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Canaccord Genuity Group lowered their price target on shares of Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. National Bank Financial lowered their price target on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Mizuho upgraded shares of Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Thursday, February 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $180.00 price target on shares of Shopify in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.17.

View Our Latest Research Report on Shopify

Shopify Company 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.