Principal Financial Group Inc. Sells 69,628 Shares of Shopify Inc. $SHOP

Posted by Stanley Muller on Jul 21st, 2026

Principal Financial Group Inc. decreased its position in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 23.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 222,232 shares of the software maker’s stock after selling 69,628 shares during the period. Principal Financial Group Inc.’s holdings in Shopify were worth $26,339,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Kingdom Financial Group LLC. acquired a new stake in Shopify during the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new position in shares of Shopify in the 4th quarter valued at about $27,000. Evolution Wealth Management Inc. boosted its position in shares of Shopify by 203.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Shopify during the 4th quarter valued at about $29,000. Finally, Lodestone Wealth Management LLC acquired a new stake in Shopify during the fourth quarter worth approximately $31,000. Institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

SHOP opened at $124.48 on Tuesday. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The company has a market capitalization of $161.53 billion, a price-to-earnings ratio of 123.25, a P/E/G ratio of 2.68 and a beta of 2.58. The firm’s fifty day moving average price is $112.90 and its two-hundred day moving average price is $123.07.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BMO Capital Markets began coverage on Shopify in a research note on Friday, July 10th. They issued a “market perform” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shopify in a research report on Monday. BTIG Research started coverage on shares of Shopify in a research note on Friday, July 10th. They issued a “buy” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $180.00 target price on shares of Shopify in a research report on Tuesday, May 5th. Finally, Robert W. Baird set a $150.00 target price on shares of Shopify in a research note on Wednesday, May 6th. Three investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.58.

Check Out Our Latest Stock Analysis on Shopify

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.