WD Rutherford LLC Purchases 9,054 Shares of Shopify Inc. $SHOP

Posted by Stanley Muller on Jul 2nd, 2026

WD Rutherford LLC grew its position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 90.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,023 shares of the software maker’s stock after acquiring an additional 9,054 shares during the period. WD Rutherford LLC’s holdings in Shopify were worth $2,257,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew 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 worth $8,158,643,000 after purchasing an additional 743,803 shares during the period. Norges Bank purchased a new position in Shopify during the fourth quarter valued at $2,611,797,000. Invesco Ltd. lifted its position in Shopify by 9.8% during the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after buying an additional 1,252,074 shares during the period. Geode Capital Management LLC lifted its position in Shopify by 6.2% during 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 buying an additional 737,892 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Shopify by 9.1% during the 4th quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock valued at $1,627,352,000 after buying an additional 827,643 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Shopify in a research report on Wednesday, May 6th. Robert W. Baird set a $150.00 price target on shares of Shopify in a research report on Wednesday, May 6th. National Bank Financial cut their price objective on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and issued a $180.00 price objective on shares of Shopify in a report on Tuesday, May 5th. Finally, 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 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 stock. According to data from MarketBeat.com, Shopify has an average rating of “Moderate Buy” and an average price target of $157.17.

Check Out Our Latest Stock Analysis on Shopify

Shopify Stock Up 6.5%

Shares of NASDAQ SHOP opened at $121.63 on Thursday. The firm has a market cap of $157.83 billion, a P/E ratio of 120.43, a PEG ratio of 3.14 and a beta of 2.60. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The company has a 50 day moving average of $111.81 and a 200 day moving average of $127.11.

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

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.