Shopify Inc. $SHOP Stock Bought by Integrity Alliance LLC.

Posted by Brenda Bartman on Nov 5th, 2026

Integrity Alliance LLC. grew its stake in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,477 shares of the software maker’s stock after purchasing an additional 3,871 shares during the period. Integrity Alliance LLC.’s holdings in Shopify were worth $3,630,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Shopify by 8.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock worth $998,137,000 after acquiring an additional 660,198 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Shopify by 27.0% during the first quarter. Swiss National Bank now owns 4,115,300 shares of the software maker’s stock worth $487,580,000 after purchasing an additional 876,100 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Shopify by 4.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,678,602 shares of the software maker’s stock worth $436,356,000 after purchasing an additional 145,500 shares during the period. Bank of New York Mellon Corp grew its position in Shopify by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 3,495,964 shares of the software maker’s stock valued at $414,691,000 after purchasing an additional 159,873 shares in the last quarter. Finally, Amova Asset Management Americas Inc. increased its stake in Shopify by 5.0% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,458,265 shares of the software maker’s stock valued at $410,219,000 after buying an additional 165,080 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Shopify reported Q3 revenue of $3.74 billion, up 31.6% year over year, and earnings per share of $0.49, above consensus. Free cash flow rose 61% to $816 million, while operating income increased 66%. Read More.
Positive Sentiment: Analyst actions were broadly supportive: National Bank Financial raised its target to $185 and reaffirmed “outperform,” while RBC maintained “outperform” with a $200 target. UBS raised its target to $160 but kept a neutral rating. Read More. · Read More. · Read More.
Positive Sentiment: ARK Invest reportedly bought $12.5 million of Shopify shares during the post-earnings weakness, providing a vote of confidence from a prominent growth investor. Read More.
Neutral Sentiment: Shopify highlighted growing AI-driven shopping activity, expanding payments penetration and rising Shop Pay usage. These initiatives could support future growth, though their financial contribution remains to be proven. Read More.
Negative Sentiment: The quarter fell short of expectations on gross merchandise volume (about $119.1 billion) and subscription revenue; some reports also cited a modest revenue miss. The shortfalls triggered the recent sell-off and keep expectations for holiday-quarter execution high. Read More.
Negative Sentiment: Valuation remains a risk: Shopify trades at a rich earnings multiple, leaving the stock vulnerable if growth or margins disappoint. Cantor Fitzgerald cut its target to $150 and retained a neutral rating. Read More.

Analysts Set New Price Targets

A number of analysts have issued reports on SHOP shares. BMO Capital Markets set a $165.00 target price on shares of Shopify and gave the company an “outperform” rating in a research note on Thursday, August 6th. Evercore reissued an “outperform” rating and set a $175.00 target price (up from $135.00) on shares of Shopify in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on Shopify from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 6th. UBS Group upped their price objective on shares of Shopify from $145.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Shopify from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $178.79.

View Our Latest Research Report on Shopify

Shopify Trading Up 7.3%

SHOP opened at $153.03 on Thursday. Shopify Inc. has a 1-year low of $94.00 and a 1-year high of $180.88. The firm has a 50-day moving average price of $152.75 and a two-hundred day moving average price of $130.11. The stock has a market capitalization of $196.90 billion, a PE ratio of 93.31, a PEG ratio of 2.94 and a beta of 2.65. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, November 3rd. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.16. Shopify had a return on equity of 13.99% and a net margin of 15.01%. The business had revenue of $3.74 billion for the quarter. During the same period last year, the company earned $0.34 EPS. The company’s revenue was up 31.6% compared to the same quarter last year. As a group, equities analysts anticipate that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Shopify Profile

(Free Report)

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.