Cohen Capital Management Inc. increased its position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 43.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,677 shares of the software maker’s stock after buying an additional 9,955 shares during the period. Cohen Capital Management Inc.’s holdings in Shopify were worth $3,731,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Shopify by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after purchasing an additional 743,803 shares in the last quarter. Norges Bank acquired a new stake in shares of Shopify in the fourth quarter valued at about $2,611,797,000. Invesco Ltd. increased its stake in shares of Shopify by 9.8% during the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after purchasing an additional 1,252,074 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Shopify by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock worth $2,043,365,000 after purchasing an additional 737,892 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position 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 worth $1,627,352,000 after purchasing an additional 827,643 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.
Shopify Stock Performance
SHOP stock opened at $147.44 on Friday. The firm has a market cap of $191.33 billion, a PE ratio of 99.62, a PEG ratio of 3.11 and a beta of 2.58. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The firm’s 50 day moving average price is $118.63 and its 200-day moving average price is $119.59.
Analyst Upgrades and Downgrades
Several research firms have commented on SHOP. Rothschild & Co Redburn set a $130.00 price objective on Shopify and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Wells Fargo & Company decreased their target price on Shopify from $166.00 to $144.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus set a $150.00 price target on Shopify and gave the stock a “buy” rating in a research note on Thursday, July 9th. UBS Group reissued a “neutral” rating and issued a $145.00 price objective (up from $130.00) on shares of Shopify in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on Shopify from $155.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $169.72.
Read Our Latest Stock Report on SHOP
Shopify News Summary
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: Strong Q2 performance: Shopify reported adjusted earnings of $0.42 per share versus the $0.40 consensus estimate and revenue of $3.58 billion, up 33.7% year over year. Gross merchandise volume, gross profit and free cash flow also grew by more than 30%, while free-cash-flow margin reached 18%. SHOP Q2 Earnings Beat Estimates, Revenues Ride on Strong GMV
- Positive Sentiment: Above-consensus outlook: Shopify forecast third-quarter revenue of approximately $3.7 billion to $3.8 billion, implying low-30% growth and exceeding the roughly $3.6 billion analyst estimate. The guidance helped reinforce expectations for sustained momentum. Shopify expects Q3 revenue growth in the low 30s
- Positive Sentiment: AI and payments are becoming growth drivers: Traffic and orders referred by AI platforms such as ChatGPT and Gemini reportedly tripled year over year. Rising Shopify Payments penetration and expanding “agentic commerce” capabilities are supporting GMV and merchant growth across channels. Shopify executive discusses AI and entrepreneurship
- Positive Sentiment: Analyst support strengthened: Goldman Sachs, Citi, JPMorgan, Wedbush, BMO, Benchmark and Citizens JMP all raised their price targets following the earnings report. New targets generally range from $165 to $196, with mostly bullish ratings. Shopify analysts increase forecasts
- Neutral Sentiment: Cantor Fitzgerald raised its target to $145 but maintained a neutral rating, suggesting limited near-term upside after the earnings-driven rally. Cantor Fitzgerald Shopify price target
- Negative Sentiment: Shopify’s valuation remains demanding, with a reported price-to-earnings ratio above 145, leaving the stock vulnerable if growth slows or AI-related investments pressure margins. Cathie Wood’s ARK Invest also trimmed its Shopify position, a modest negative signal for sentiment. Shopify Q2 risks and opportunities
Shopify Profile
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.
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