Momentum Wealth Planning LLC Purchases 4,219 Shares of Shopify Inc. $SHOP

Momentum Wealth Planning LLC lifted its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 251.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,898 shares of the software maker’s stock after purchasing an additional 4,219 shares during the period. Shopify comprises 0.7% of Momentum Wealth Planning LLC’s investment portfolio, making the stock its 23rd largest holding. Momentum Wealth Planning LLC’s holdings in Shopify were worth $949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SHOP. Lodestone Wealth Management LLC bought a new stake in shares of Shopify during the fourth quarter worth about $31,000. Sound Income Strategies LLC lifted its stake in shares of Shopify by 82.4% in the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after acquiring an additional 89 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Shopify in the third quarter worth approximately $32,000. Caitlin John LLC acquired a new position in shares of Shopify in the third quarter worth approximately $36,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Shopify by 104.9% in the third quarter. Cornerstone Planning Group LLC now owns 250 shares of the software maker’s stock worth $37,000 after acquiring an additional 128 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Shopify Stock Performance

Shares of SHOP stock opened at $131.13 on Wednesday. Shopify Inc. has a fifty-two week low of $81.64 and a fifty-two week high of $182.19. The stock has a 50 day simple moving average of $121.35 and a two-hundred day simple moving average of $143.70. The company has a market cap of $171.01 billion, a P/E ratio of 141.00, a PEG ratio of 4.80 and a beta of 2.82.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Long‑term bullish take: an investor profile calls Shopify a “great long‑term investment,” reinforcing buy‑and‑hold narratives that support upside over time. Article Title
• Positive Sentiment: Featured as a top Canadian long‑term pick, adding retail/institutional interest from value/idea lists that can support accumulation. Article Title
• Positive Sentiment: Performance reminder: commentary noting Shopify’s multi‑decade‑like CAGR since IPO highlights durable growth metrics that attract long‑term investors. Article Title
• Neutral Sentiment: New analyst reports and coverage mention Shopify alongside other big names — attention can increase volatility but direction depends on the specific ratings. Article Title
• Neutral Sentiment: Macro commentary in investor letters notes both Shopify’s strong long‑run return and broader economic risks (inflation, rates) — a mixed signal for near‑term performance. Article Title
• Negative Sentiment: Near‑term downward pressure: a Zacks piece explains why SHOP underperformed the broader market today—factors cited include profit‑taking, high valuation, macro rate/inflation concerns, and technical resistance around the 200‑day moving average; trading volume has also been below average, indicating lighter buying support. Article Title
• Negative Sentiment: Broader market/sector dynamics (rate sensitivity and lofty multiples) leave Shopify vulnerable to short‑term pullbacks despite long‑term upside arguments. Article Title

Analyst Ratings Changes

SHOP has been the topic of a number of recent analyst reports. Moffett Nathanson raised Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shopify in a research note on Friday, March 27th. Mizuho raised Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 12th. TD Cowen raised Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Wednesday, February 11th. Finally, ATB Cormark Capital Markets raised Shopify from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.70.

Shopify Profile

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.