Hillsdale Investment Management Inc. Has $46.06 Million Stock Position in Shopify Inc. $SHOP

Posted by Francis Steltz on Jul 14th, 2026

Hillsdale Investment Management Inc. lessened its holdings in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 19.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 388,301 shares of the software maker’s stock after selling 91,133 shares during the quarter. Shopify accounts for approximately 1.3% of Hillsdale Investment Management Inc.’s holdings, making the stock its 17th largest holding. Hillsdale Investment Management Inc.’s holdings in Shopify were worth $46,062,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Kingdom Financial Group LLC. bought a new stake in Shopify in the 4th quarter valued at $26,000. Curio Wealth LLC acquired a new position in shares of Shopify during the 4th quarter worth approximately $27,000. Evolution Wealth Management Inc. raised its position in Shopify by 203.9% during the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Shopify in the 4th quarter valued at about $29,000. Finally, Lodestone Wealth Management LLC acquired a new stake in Shopify in the 4th quarter valued at about $31,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Price Performance

Shares of NASDAQ SHOP opened at $124.74 on Tuesday. The firm has a market cap of $161.87 billion, a price-to-earnings ratio of 123.51, a P/E/G ratio of 2.66 and a beta of 2.58. The stock’s fifty day moving average price is $111.19 and its two-hundred day moving average price is $124.61. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price objective (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. Jefferies Financial Group raised shares of Shopify from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.00 to $160.00 in a research report on Sunday. Citizens Jmp reduced their target price on shares of Shopify from $160.00 to $150.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets started coverage on shares of Shopify in a report on Friday. They set a “market perform” rating for the company. Finally, Citigroup lowered shares of Shopify from a “market outperform” rating to a “neutral” rating in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.58.

Get Our Latest Report on Shopify

Shopify News Summary

Here are the key news stories impacting Shopify this week:

Positive Sentiment: Jefferies turned more bullish on Shopify, citing early signs of strong second-quarter trends, a revamped partner program, and expectations for a coming price increase. The firm also said Shopify is well positioned to benefit from “agentic commerce” and AI-driven shopping tools. Shopify upgraded to Buy at Jefferies on agentic commerce bet
Positive Sentiment: Additional coverage reinforced the same theme, with Wall Street commentary highlighting Shopify’s potential as an infrastructure layer for AI-powered commerce and noting meaningful upside to the shares. Jefferies Says Shopify Is Built for the Age of AI
Positive Sentiment: Market chatter also pointed to a broader bullish analyst backdrop for Shopify, with Jefferies joining other optimistic calls and helping drive investor enthusiasm around the stock’s AI growth story. SHOP Stock Gains Overnight: Jefferies Joins Wall Street Bulls, Sees 31% Upside Potential For Shopify
Neutral Sentiment: Other roundup articles mentioned Shopify in lists of attractive stocks and analyst calls, but they did not add new company-specific developments beyond the upgrade narrative. Here Are Monday’s Best Wall Street Analyst Research Calls

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.