Diversify Wealth Management LLC Acquires 14,905 Shares of Shopify Inc. $SHOP

Posted by Geri Gentry on Jul 13th, 2026

Diversify Wealth Management LLC increased its holdings in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 41.6% in the first quarter, Holdings Channel.com reports. The firm owned 50,770 shares of the software maker’s stock after acquiring an additional 14,905 shares during the period. Diversify Wealth Management LLC’s holdings in Shopify were worth $6,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SHOP. Kingdom Financial Group LLC. purchased a new position in Shopify in the 4th quarter worth $26,000. Curio Wealth LLC purchased a new stake in Shopify during the fourth quarter valued at about $27,000. Evolution Wealth Management Inc. boosted its position in Shopify by 203.9% during the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after buying an additional 155 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shopify during the fourth quarter valued at about $29,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Shopify during the fourth quarter valued at about $31,000. Institutional investors own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group reiterated a “neutral” rating on shares of Shopify in a report on Thursday, May 28th. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price on shares of Shopify in a report on Wednesday, May 6th. Oppenheimer restated an “outperform” rating and set a $175.00 price target on shares of Shopify in a research report on Wednesday, May 6th. National Bank Financial decreased their price target on Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 27th. Finally, BMO Capital Markets began coverage on Shopify in a research report on Friday. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.58.

Check Out Our Latest Stock Analysis on SHOP

Shopify Stock Performance

SHOP stock opened at $122.54 on Monday. The firm’s 50-day moving average price is $111.12 and its two-hundred day moving average price is $124.93. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19. The stock has a market capitalization of $159.02 billion, a price-to-earnings ratio of 121.33, a PEG ratio of 2.66 and a beta of 2.58.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Bank of America said Shopify is a major AI winner, reinforcing the view that the company could benefit as merchants adopt AI tools to improve sales, marketing, and checkout performance. Bank of America argues Shopify is a major AI winner
Positive Sentiment: Zacks upgraded Shopify from hold to strong-buy, and other research notes highlighted earnings growth and price strength, adding to bullish sentiment around the stock. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
Neutral Sentiment: Shopify is also showing up on trending-stock lists and analyst-call roundups, suggesting elevated investor attention, but these items are more about visibility than a direct business catalyst. Shopify Inc. (SHOP) Is a Trending Stock
Neutral Sentiment: Investors are also watching for Shopify’s Q2 2026 results on August 5, which could become a bigger driver once earnings are closer. This Week In E-Commerce – Shopify’s Q2 2026 Financial Results Announcement Insights
Negative Sentiment: Shopify remains a richly valued stock, with several recent articles questioning whether the current price is hard to justify, which may limit upside and keep volatility high. Shopify: Great Company, Impossible Valuation
Negative Sentiment: There was also recent weakness in the broader tech market, and Shopify had already declined in a prior session, showing that macro pressure and high valuation can still weigh on the shares. HubSpot, Q2 Holdings, and Shopify Shares Plummet, What You Need To Know

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.