AustralianSuper Pty Ltd Acquires 29,380 Shares of Shopify Inc. $SHOP

Posted by Brenda Bartman on May 15th, 2026

AustralianSuper Pty Ltd lifted its holdings in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,329 shares of the software maker’s stock after purchasing an additional 29,380 shares during the period. AustralianSuper Pty Ltd’s holdings in Shopify were worth $89,404,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SHOP. Vanguard Group Inc. lifted its stake in Shopify by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after buying an additional 743,803 shares during the period. Jennison Associates LLC lifted its holdings in shares of Shopify by 64.3% in the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after purchasing an additional 7,403,821 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Shopify by 1.4% in the 3rd quarter. TD Asset Management Inc now owns 8,528,510 shares of the software maker’s stock worth $1,267,327,000 after purchasing an additional 118,836 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Shopify by 3.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,588,934 shares of the software maker’s stock valued at $978,679,000 after purchasing an additional 213,315 shares during the period. Finally, Legal & General Group Plc increased its stake in Shopify by 4.4% during the 3rd quarter. Legal & General Group Plc now owns 6,188,885 shares of the software maker’s stock valued at $919,665,000 after purchasing an additional 260,968 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SHOP. ATB Cormark Capital Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Canaccord Genuity Group decreased their target price on shares of Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Mizuho upgraded shares of Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Thursday, February 12th. UBS Group set a $130.00 price target on shares of Shopify and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $140.00 price target (down from $150.00) on shares of Shopify in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shopify presently has an average rating of “Moderate Buy” and a consensus price target of $158.42.

Get Our Latest Research Report on Shopify

Shopify Stock Performance

Shopify stock opened at $97.42 on Friday. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19. The firm’s 50-day simple moving average is $119.70 and its 200 day simple moving average is $138.67. The stock has a market cap of $126.42 billion, a PE ratio of 96.46, a price-to-earnings-growth ratio of 2.67 and a beta of 2.64.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last announced its earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $998.78. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. As a group, analysts predict that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Thrive Capital reportedly invested about $100 million in Shopify, a vote of confidence in the company’s AI strategy and long-term commerce opportunity. Thrive Capital Bets $100 Million on Shopify’s AI Future
Positive Sentiment: Analysts and commentators highlighted Shopify’s accelerating growth, strong revenue expansion, and AI-driven merchant tools, suggesting the company may still have meaningful upside if execution remains strong. Shopify: Growth Acceleration (Rating Upgrade)
Positive Sentiment: Management said Q1 demand was supported by rapid adoption of AI products, international growth, and momentum with larger enterprise merchants, reinforcing the bullish case around Shopify’s platform and AI integration. Shopify’s Q1 Earnings Call: Our Top 5 Analyst Questions
Neutral Sentiment: EZ Texting launched a Shopify App Store integration, adding another marketing tool for merchants, but the announcement appears incremental rather than material on its own. EZ Texting Expands into Shopify App Store
Neutral Sentiment: Jim Cramer said he does not view Shopify as an “AI displacement victim,” implying some of the selloff may have been overdone, but this is more commentary than a new catalyst. Jim Cramer on Shopify: “I Don’t Believe It’s an Actual AI Displacement Victim”
Negative Sentiment: Investors remain concerned about Shopify’s valuation and recent share-price weakness, with some articles noting the stock has faced heavy selling pressure despite solid business growth. Wall Street Sees 45% Upside in This Overlooked Tech Stock. Here’s Why It’s Wrong.
Negative Sentiment: A U.S. court allowed key antitrust claims against Shopify to proceed, keeping regulatory and legal overhangs in focus even though no liability has been determined. Shopify Antitrust Case Moves Forward Keeping Platform Power In Focus

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.