Aristotle Atlantic Partners LLC lessened its position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 84.0% in the fourth quarter, Holdings Channel reports. The fund owned 15,039 shares of the software maker’s stock after selling 78,702 shares during the quarter. Aristotle Atlantic Partners LLC’s holdings in Shopify were worth $2,421,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. First Affirmative Financial Network increased its position in Shopify by 3.4% during the third quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker’s stock valued at $338,000 after acquiring an additional 75 shares during the last quarter. TBH Global Asset Management LLC increased its position in Shopify by 1.2% during the fourth quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock valued at $1,036,000 after acquiring an additional 75 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Shopify by 13.9% during the second quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock valued at $72,000 after acquiring an additional 77 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in Shopify by 2.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 3,164 shares of the software maker’s stock valued at $509,000 after acquiring an additional 80 shares during the last quarter. Finally, Pacific Sage Partners LLC increased its position in Shopify by 3.9% during the fourth quarter. Pacific Sage Partners LLC now owns 2,133 shares of the software maker’s stock valued at $343,000 after acquiring an additional 80 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 analysts recently commented on SHOP shares. Citigroup reduced their price objective on Shopify from $163.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Citizens Jmp cut their price objective on shares of Shopify from $160.00 to $150.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and set a $175.00 price objective on shares of Shopify in a research report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, DA Davidson cut their price objective on shares of Shopify from $195.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Shopify currently has an average rating of “Moderate Buy” and a consensus target price of $157.17.
Shopify News Roundup
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: Shopify shareholders approved all director nominees and reappointed PricewaterhouseCoopers as auditor at the 2026 annual meeting, while also backing executive compensation and rejecting a proposed AI policy, which supports management’s current AI strategy. Article title
- Positive Sentiment: Shopify’s $5 billion buyback authorization remains a bullish signal for investors because it gives the company flexibility to repurchase shares and support per-share value. Article title
- Positive Sentiment: Bloomreach launched a new Sidekick extension for its Loomi for Shopify app, adding instant search-ranking visibility for merchants and reinforcing Shopify’s expanding AI/app ecosystem. Article title
- Positive Sentiment: Loox launched Reviewers.com, a product-sampling platform built exclusively for Shopify brands, highlighting continued third-party product development around the Shopify merchant base. Article title
- Neutral Sentiment: Shopify announced the results of its 2026 annual meeting, but the filing itself does not indicate a major new catalyst for the stock beyond the governance outcome. Article title
- Negative Sentiment: Despite supportive strategic news, Shopify has still been trading lower, suggesting investors may be taking profits or focusing on valuation after a strong run. Article title
Shopify Trading Down 4.5%
NASDAQ SHOP opened at $108.09 on Thursday. The stock’s 50 day moving average is $113.56 and its 200 day moving average is $130.44. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The stock has a market cap of $140.26 billion, a PE ratio of 107.02, a P/E/G ratio of 3.17 and a beta of 2.60.
Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.08 billion. On average, analysts forecast that Shopify Inc. will post 1.36 EPS for the current fiscal year.
Shopify Company 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.
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