Polar Capital Holdings Plc Grows Stock Holdings in Shopify Inc. $SHOP

Posted by Geri Gentry on Jun 17th, 2026

Polar Capital Holdings Plc lifted its position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 52.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,678,793 shares of the software maker’s stock after buying an additional 578,767 shares during the quarter. Shopify makes up 1.0% of Polar Capital Holdings Plc’s holdings, making the stock its 22nd largest holding. Polar Capital Holdings Plc’s holdings in Shopify were worth $270,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SHOP. Brighton Jones LLC increased its holdings in Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after acquiring an additional 584 shares during the last quarter. AQR Capital Management LLC increased its holdings in Shopify by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after acquiring an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Shopify by 6.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock valued at $945,000 after acquiring an additional 506 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in Shopify in the 2nd quarter valued at $53,000. Finally, Main Street Financial Solutions LLC increased its holdings in Shopify by 15.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock valued at $1,284,000 after acquiring an additional 1,479 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Shopify said its board authorized an additional $3 billion share repurchase, lifting the total buyback authorization to $5 billion. That signals confidence in the company’s cash generation and can support the stock by reducing share count. Is Shopify (SHOP) One of the Best Tech Stocks to Invest In on the Dip?
Positive Sentiment: Analysts and media coverage continue to highlight Shopify’s AI retail infrastructure potential, with the company using AI tools, commerce data, and shopping-channel integrations to position itself for next-generation retail growth. Is Shopify Building the Future Infrastructure for AI Retail?
Positive Sentiment: Coverage from Zacks and other outlets notes earnings growth and price strength, reinforcing the view that Shopify remains a stock to watch among momentum investors. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
Neutral Sentiment: At Shopify’s 2026 annual meeting, shareholders elected all director nominees, reappointed PricewaterhouseCoopers as auditor, and approved executive compensation on an advisory basis. The company also said a shareholder proposal for an AI policy was not approved, which removes some governance uncertainty but is unlikely to be a major stock catalyst. Shopify Announces Results of its 2026 Annual Meeting of Shareholders
Neutral Sentiment: One market commentary put a hold rating on Shopify and suggested limited downside from current levels, reflecting that the stock is still viewed as fairly valued by some observers rather than deeply mispriced. Wall Street Has 38 Buy Ratings on Shopify and One Sell. But We Disagree.
Negative Sentiment: A shareholder proposal on an AI policy was rejected at the annual meeting, and some coverage has framed this as an ongoing governance issue, though it appears to be a secondary factor versus the buyback and growth narrative. Shopify board fighting shareholder push to create AI policy

Shopify Stock Up 0.7%

Shopify stock opened at $113.23 on Wednesday. The company’s 50-day moving average price is $113.77 and its 200-day moving average price is $130.80. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The company has a market cap of $146.93 billion, a PE ratio of 112.11, a price-to-earnings-growth ratio of 3.15 and a beta of 2.60.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted 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. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. As a group, sell-side analysts expect that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SHOP has been the topic of a number of research reports. Weiss Ratings downgraded shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Robert W. Baird set a $150.00 price target on shares of Shopify in a report on Wednesday, May 6th. Barclays set a $126.00 price target on shares of Shopify and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $140.00 price target (down from $150.00) on shares of Shopify in a report on Tuesday, May 5th. Finally, Truist Financial set a $150.00 price target on shares of Shopify and gave the company a “buy” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.17.

Read Our Latest Analysis on SHOP

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.