Norges Bank Makes New $2.61 Billion Investment in Shopify Inc. $SHOP

Posted by George Bondi on May 30th, 2026

Norges Bank acquired a new position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,224,694 shares of the software maker’s stock, valued at approximately $2,611,797,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC raised its holdings in Shopify by 1.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker’s stock worth $587,000 after purchasing an additional 70 shares during the last quarter. Seros Financial LLC raised its holdings in Shopify by 2.7% during the 3rd quarter. Seros Financial LLC now owns 2,856 shares of the software maker’s stock worth $424,000 after purchasing an additional 75 shares during the last quarter. First Affirmative Financial Network raised its holdings in Shopify by 3.4% during the 3rd quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker’s stock worth $338,000 after purchasing an additional 75 shares during the last quarter. TBH Global Asset Management LLC raised its holdings in Shopify by 1.2% during the 4th quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock worth $1,036,000 after purchasing an additional 75 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Shopify by 13.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock worth $72,000 after purchasing an additional 77 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

More Shopify News

Here are the key news stories impacting Shopify this week:

Positive Sentiment: UBS said Shopify’s point-of-sale business could become a much bigger long-term growth driver than the market currently assumes, adding to gross merchandise value and profit growth over the next decade. The note reinforces the idea that Shopify’s in-store commerce and retail tools can expand beyond its core e-commerce platform.
Positive Sentiment: Shopify also benefited from a broader rebound in software names after strong results from companies like Snowflake and Okta eased fears that AI would disrupt subscription software models. That improving sentiment has helped lift investor appetite for software stocks, including SHOP.
Positive Sentiment: Recent coverage also highlighted Shopify’s strong B2B momentum, with Q1 B2B gross merchandise value reportedly up 80% year over year, suggesting another avenue for enterprise growth and supporting the bullish case for the stock.
Neutral Sentiment: Reddit’s expanded Shopify integration, now generally available for merchants, could indirectly support Shopify’s ecosystem by making it easier for merchants to advertise and sell through Reddit. While this is more directly a positive for Reddit, it underscores Shopify’s role as a commerce platform connected to more marketing channels.
Neutral Sentiment: Other recent articles pointed to AI-related merchant tools and app integrations, such as EZ Texting, which may improve Shopify’s value proposition over time but are not immediate stock-moving catalysts on their own.

Shopify Price Performance

Shares of SHOP stock opened at $118.71 on Friday. The stock has a market cap of $154.04 billion, a PE ratio of 117.54, a price-to-earnings-growth ratio of 3.22 and a beta of 2.64. The stock has a 50-day moving average of $114.71 and a 200-day moving average of $134.06. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on SHOP shares. Cantor Fitzgerald reissued a “neutral” rating and set a $126.00 price objective (down from $181.00) on shares of Shopify in a report on Thursday, February 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Shopify in a research note on Wednesday, May 6th. Benchmark lowered their price target on Shopify from $195.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Stifel Nicolaus set a $115.00 price target on Shopify and gave the company a “hold” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings cut Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Two research 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, the company has an average rating of “Moderate Buy” and an average price target of $157.17.

Read Our Latest Report on SHOP

Shopify 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.