Kestra Advisory Services LLC Has $12.33 Million Stake in Shopify Inc. $SHOP

Posted by Stanley Muller on Jul 13th, 2026

Kestra Advisory Services LLC grew its stake in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 7.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 103,926 shares of the software maker’s stock after purchasing an additional 7,013 shares during the period. Kestra Advisory Services LLC’s holdings in Shopify were worth $12,328,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after buying an additional 584 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Shopify by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after acquiring an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Shopify by 6.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after acquiring an additional 506 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of Shopify in the second quarter valued at about $53,000. Finally, Main Street Financial Solutions LLC raised its holdings in shares of Shopify by 15.3% in the second quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock valued at $1,284,000 after purchasing an additional 1,479 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Bank of America said Shopify is a major AI winner, reinforcing the view that the company could benefit as merchants adopt AI tools to improve sales, marketing, and checkout performance. Bank of America argues Shopify is a major AI winner
Positive Sentiment: Zacks upgraded Shopify from hold to strong-buy, and other research notes highlighted earnings growth and price strength, adding to bullish sentiment around the stock. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
Neutral Sentiment: Shopify is also showing up on trending-stock lists and analyst-call roundups, suggesting elevated investor attention, but these items are more about visibility than a direct business catalyst. Shopify Inc. (SHOP) Is a Trending Stock
Neutral Sentiment: Investors are also watching for Shopify’s Q2 2026 results on August 5, which could become a bigger driver once earnings are closer. This Week In E-Commerce – Shopify’s Q2 2026 Financial Results Announcement Insights
Negative Sentiment: Shopify remains a richly valued stock, with several recent articles questioning whether the current price is hard to justify, which may limit upside and keep volatility high. Shopify: Great Company, Impossible Valuation
Negative Sentiment: There was also recent weakness in the broader tech market, and Shopify had already declined in a prior session, showing that macro pressure and high valuation can still weigh on the shares. HubSpot, Q2 Holdings, and Shopify Shares Plummet, What You Need To Know

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SHOP. National Bank Financial cut their target price on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Morgan Stanley cut shares of Shopify from an “overweight” rating to a “buy” rating in a research note on Monday. 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 report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group lowered their target price on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.58.

Get Our Latest Research Report on SHOP

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $122.54 on Monday. The business has a 50-day moving average of $111.12 and a 200-day moving average of $124.93. The firm has a market capitalization of $159.02 billion, a price-to-earnings ratio of 121.33, a PEG ratio of 2.66 and a beta of 2.58. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19.

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.