PensionDanmark Pensionsforsikringsaktieselskab Trims Stock Position in Shopify Inc. $SHOP

Posted by George Bondi on Aug 7th, 2026

PensionDanmark Pensionsforsikringsaktieselskab cut its holdings in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 28.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,256 shares of the software maker’s stock after selling 76,972 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Shopify were worth $22,672,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Shopify by 1.5% in 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 last quarter. Norges Bank purchased a new stake in Shopify in the 4th quarter valued at about $2,611,797,000. Invesco Ltd. lifted its position in Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after buying an additional 1,252,074 shares during the last quarter. Geode Capital Management LLC boosted its stake in Shopify by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock worth $2,043,365,000 after buying an additional 737,892 shares during the period. Finally, Mackenzie Financial Corp increased its position in shares of Shopify by 9.1% during the fourth quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock valued at $1,627,352,000 after acquiring an additional 827,643 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Strong Q2 performance: Shopify reported adjusted earnings of $0.42 per share versus the $0.40 consensus estimate and revenue of $3.58 billion, up 33.7% year over year. Gross merchandise volume, gross profit and free cash flow also grew by more than 30%, while free-cash-flow margin reached 18%. SHOP Q2 Earnings Beat Estimates, Revenues Ride on Strong GMV
Positive Sentiment: Above-consensus outlook: Shopify forecast third-quarter revenue of approximately $3.7 billion to $3.8 billion, implying low-30% growth and exceeding the roughly $3.6 billion analyst estimate. The guidance helped reinforce expectations for sustained momentum. Shopify expects Q3 revenue growth in the low 30s
Positive Sentiment: AI and payments are becoming growth drivers: Traffic and orders referred by AI platforms such as ChatGPT and Gemini reportedly tripled year over year. Rising Shopify Payments penetration and expanding “agentic commerce” capabilities are supporting GMV and merchant growth across channels. Shopify executive discusses AI and entrepreneurship
Positive Sentiment: Analyst support strengthened: Goldman Sachs, Citi, JPMorgan, Wedbush, BMO, Benchmark and Citizens JMP all raised their price targets following the earnings report. New targets generally range from $165 to $196, with mostly bullish ratings. Shopify analysts increase forecasts
Neutral Sentiment: Cantor Fitzgerald raised its target to $145 but maintained a neutral rating, suggesting limited near-term upside after the earnings-driven rally. Cantor Fitzgerald Shopify price target
Negative Sentiment: Shopify’s valuation remains demanding, with a reported price-to-earnings ratio above 145, leaving the stock vulnerable if growth slows or AI-related investments pressure margins. Cathie Wood’s ARK Invest also trimmed its Shopify position, a modest negative signal for sentiment. Shopify Q2 risks and opportunities

Shopify Trading Up 2.2%

Shopify stock opened at $147.44 on Friday. The firm has a market capitalization of $191.33 billion, a P/E ratio of 99.62, a P/E/G ratio of 3.11 and a beta of 2.58. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The stock’s fifty day simple moving average is $118.63 and its 200-day simple moving average is $119.59.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last released its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.54% and a net margin of 14.53%.The firm had revenue of $3.58 billion during the quarter. During the same quarter last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 33.7% on a year-over-year basis. Sell-side analysts predict that Shopify Inc. will post 1.4 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on SHOP shares. Benchmark upped their price objective on shares of Shopify from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday. Truist Financial set a $180.00 price target on Shopify and gave the stock a “buy” rating in a research note on Wednesday. DA Davidson set a $200.00 price objective on Shopify and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald boosted their price objective on Shopify from $127.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Canaccord Genuity Group set a $180.00 target price on Shopify and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Shopify has an average rating of “Moderate Buy” and a consensus price target of $169.72.

Read Our Latest Analysis on SHOP

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.