Cooper Financial Group Increases Stake in Shopify Inc. $SHOP

Posted by George Bondi on Aug 8th, 2026

Cooper Financial Group boosted its holdings in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 81.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,042 shares of the software maker’s stock after buying an additional 4,496 shares during the quarter. Cooper Financial Group’s holdings in Shopify were worth $1,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Shopify in the fourth quarter valued at $2,611,797,000. Sands Capital Management LLC increased its holdings in Shopify by 37.0% during the 4th quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock worth $1,530,187,000 after purchasing an additional 2,568,765 shares during the period. Invesco Ltd. raised its position in Shopify by 9.8% in the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after purchasing an additional 1,252,074 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Shopify by 7,207.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock valued at $184,883,000 after buying an additional 1,132,545 shares during the period. Finally, Select Equity Group L.P. boosted its stake in shares of Shopify by 92.5% in the 2nd quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock valued at $259,124,000 after buying an additional 1,079,494 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Bank of America initiated coverage on shares of Shopify in a report on Tuesday, July 7th. They issued a “buy” rating and a $150.00 target price on the stock. Zacks Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Shopify in a research report on Monday. BMO Capital Markets set a $165.00 price objective on shares of Shopify and gave the company an “outperform” rating in a report on Thursday. Finally, DA Davidson set a $200.00 price objective on shares of Shopify and gave the stock a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Shopify currently has an average rating of “Moderate Buy” and an average target price of $170.72.

Check Out Our Latest Stock Analysis on Shopify

Shopify Stock Performance

Shares of Shopify stock opened at $151.57 on Friday. The firm has a market capitalization of $196.69 billion, a P/E ratio of 102.41, a P/E/G ratio of 3.17 and a beta of 2.58. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The company has a quick ratio of 6.20, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $119.29 and its two-hundred day moving average is $119.81.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The business had revenue of $3.58 billion during the quarter. During the same quarter in the prior year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. Research analysts forecast that Shopify Inc. will post 1.4 EPS for the current fiscal year.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Q2 results exceeded expectations: Shopify reported revenue of approximately $3.58 billion, up 33.7% year over year, and earnings of $0.42 per share versus consensus of $0.40. Growth was supported by strong gross merchandise volume (GMV), expanding payments penetration and improved profitability. SHOP Q2 Earnings Beat Estimates
Positive Sentiment: Healthy forward guidance: Management expects low-30% revenue growth in the third quarter, reinforcing the view that merchant demand and platform momentum remain strong. Free-cash-flow margins of about 18% also highlighted operating leverage. Shopify Q3 Revenue Outlook
Positive Sentiment: AI is emerging as a growth catalyst: Shopify executives said traffic and orders originating from AI platforms, including ChatGPT and Gemini, have tripled over the past year. The company is investing in agentic commerce infrastructure, suggesting AI is expanding rather than displacing Shopify’s merchant ecosystem. Shopify Executive Discusses AI and Entrepreneurship
Positive Sentiment: Analysts raised targets: Goldman Sachs, Citigroup, JPMorgan, Wedbush, BMO and Benchmark all increased their price targets following the results, with several maintaining buy or outperform ratings. These revisions provide additional support for the rally and reflect improved growth expectations.
Neutral Sentiment: Valuation is demanding: After the earnings-driven advance, Shopify trades at a high earnings multiple. Continued upside likely depends on the company sustaining 30%-plus growth and converting AI and GMV momentum into durable profits. Shopify Q2 Risks and Opportunities
Negative Sentiment: Some caution remains: Cantor Fitzgerald maintained a neutral rating despite raising its target to $145, while commentary has warned that elevated expectations and the stock’s volatility could limit further gains. Cathie Wood’s reported trimming of Shopify holdings also represents a modest negative sentiment signal.

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.