Tucker Asset Management LLC Makes New Investment in Shopify Inc. $SHOP

Posted by Stanley Muller on Sep 7th, 2026

Tucker Asset Management LLC purchased a new position in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,896 shares of the software maker’s stock, valued at approximately $445,000.

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 shares of Shopify during the 4th quarter worth about $2,611,797,000. Invesco Ltd. boosted its position in shares of Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after acquiring an additional 1,252,074 shares during the last quarter. Geode Capital Management LLC grew its holdings in Shopify by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock valued at $2,043,365,000 after purchasing an additional 737,892 shares during the period. Mackenzie Financial Corp grew its holdings in Shopify by 9.1% in 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 purchasing an additional 827,643 shares during the period. Finally, Sands Capital Management LLC increased its position in Shopify by 37.0% during the fourth 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 last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SHOP. Jefferies Financial Group reaffirmed a “buy” rating and set a $175.00 price target on shares of Shopify in a research note on Wednesday, August 5th. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 17th. Evercore restated an “outperform” rating and set a $175.00 price objective (up from $135.00) on shares of Shopify in a report on Wednesday, August 5th. Wedbush increased their target price on Shopify from $155.00 to $176.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group set a $180.00 target price on Shopify and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.84.

Get Our Latest Stock Analysis on Shopify

Shopify Stock Performance

NASDAQ SHOP opened at $145.09 on Monday. The firm has a market capitalization of $186.68 billion, a price-to-earnings ratio of 98.03, a PEG ratio of 2.96 and a beta of 2.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The company’s 50 day moving average price is $134.20 and its 200 day moving average price is $122.76.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) 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 company had revenue of $3.58 billion during the quarter. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Shopify’s quarterly revenue was up 33.7% compared to the same quarter last year. On average, sell-side analysts predict that Shopify Inc. will post 1.45 EPS for the current year.

About Shopify

(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.