Huntington National Bank Trims Position in Shopify Inc. $SHOP

Huntington National Bank decreased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,415 shares of the software maker’s stock after selling 13,721 shares during the quarter. Huntington National Bank’s holdings in Shopify were worth $41,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SHOP. Ninepoint Partners LP purchased a new position in Shopify during the third quarter worth about $6,303,000. Caitlin John LLC acquired a new stake in shares of Shopify during the 3rd quarter worth approximately $36,000. Clare Market Investments LLC increased its holdings in shares of Shopify by 1.7% during the 3rd quarter. Clare Market Investments LLC now owns 9,260 shares of the software maker’s stock worth $1,376,000 after buying an additional 155 shares during the last quarter. Integrated Financial Solutions Inc. acquired a new stake in shares of Shopify during the 3rd quarter worth approximately $1,490,000. Finally, Power Wealth Management LLC purchased a new stake in shares of Shopify during the 3rd quarter valued at approximately $676,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Large buyback and AI roadmap — Shopify announced a US$2 billion share buyback and introduced agentic storefronts plus the Universal Commerce Protocol, signaling aggressive capital return and a push to embed AI into merchants’ stacks, which can support revenue and margin expansion over time. Shopify Buyback And AI Push Test Valuation And Growth Expectations
• Positive Sentiment: GMV growth and AI integration — Portfolio commentary and independent coverage point to reaccelerating GMV coupled with deeper AI integration, reinforcing the case that product-led improvements are translating into merchant activity and payment/fulfillment revenue. Shopify (SHOP) GMV Growth Reaccelerates as AI Integration Strengthens Investment Case
• Neutral Sentiment: Industry AI tooling evolution — Third‑party AI imaging and product-fidelity advances (Rewarx Studio) highlight broader e‑commerce tooling improvements that benefit platforms like Shopify indirectly; helpful for merchant UX but not an immediate revenue catalyst. How Rewarx Studio AI is Solving the Fidelity Crisis in AI Product Photography: A Data-Driven Leap Across Global E-commerce Brands
• Neutral Sentiment: Investor interest and coverage — Multiple retail analyst/coverage pieces (Zacks, Seeking Alpha comparisons) are driving attention and search volume; these increase liquidity and volatility but offer mixed buy/sell signals. Is Trending Stock Shopify Inc. (SHOP) a Buy Now?
• Negative Sentiment: Analyst price-target cut and valuation pressure — Jefferies lowered its price target (from $160 to $125), citing softer software-sector multiples and valuation risk; with SHOP trading well above its 52‑week low and still a high P/E, this weighs on near-term sentiment. Shopify Inc’s (SHOP) Target Price Lowered Amid Lower Software Valuation Concerns
• Negative Sentiment: Profit-taking after recent run and technicals — The stock’s drop comes amid a recent run-up, lower intraday volume versus average, and price sitting below its 50- and 200-day moving averages, which can trigger momentum-driven selling. Why Shopify (SHOP) Stock Is Up Today

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Moffett Nathanson upgraded Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Shopify in a report on Monday, December 29th. Evercore set a $135.00 price objective on Shopify in a research report on Wednesday, February 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $126.00 price objective (down from $181.00) on shares of Shopify in a report on Thursday, February 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of Shopify in a research report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.64.

Shopify Price Performance

Shares of Shopify stock opened at $120.73 on Friday. The stock has a market capitalization of $157.17 billion, a price-to-earnings ratio of 129.82, a price-to-earnings-growth ratio of 4.59 and a beta of 2.83. The business has a 50-day moving average of $141.56 and a 200 day moving average of $149.63. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19.

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.