WT Wealth Management Purchases Shares of 14,074 Shopify Inc. $SHOP

Posted by Stanley Muller on Jun 27th, 2026

WT Wealth Management purchased a new position in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,074 shares of the software maker’s stock, valued at approximately $1,669,000.

Several other institutional investors and hedge funds have also made changes to their positions in SHOP. Vanguard Group Inc. increased its position in shares of Shopify by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after acquiring an additional 743,803 shares during the period. Norges Bank purchased a new stake in Shopify during the 4th quarter valued at about $2,611,797,000. Invesco Ltd. grew its stake in Shopify by 9.8% during the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after purchasing an additional 1,252,074 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Shopify by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock valued at $2,043,365,000 after purchasing an additional 737,892 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Shopify by 9.1% in the fourth quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock valued at $1,627,352,000 after purchasing an additional 827,643 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SHOP has been the topic of a number of recent research reports. Citigroup reiterated a “market outperform” rating on shares of Shopify in a research report on Thursday, June 18th. National Bank Financial decreased their price objective on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. BMO Capital Markets dropped their price objective on shares of Shopify from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings cut shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Piper Sandler restated an “overweight” rating and set a $150.00 target price (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. Two equities 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. According to MarketBeat.com, Shopify has an average rating of “Moderate Buy” and a consensus price target of $157.17.

Check Out Our Latest Analysis on SHOP

Shopify Price Performance

SHOP opened at $116.86 on Friday. The firm has a fifty day moving average price of $112.68 and a 200 day moving average price of $128.33. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The stock has a market cap of $151.64 billion, a P/E ratio of 115.70, a P/E/G ratio of 3.07 and a beta of 2.60.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Equities analysts expect that Shopify Inc. will post 1.39 EPS for the current year.

Shopify Company 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.