Equitable Trust Co. Has $36.73 Million Stock Holdings in Shopify Inc. $SHOP

Equitable Trust Co. trimmed its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,602 shares of the software maker’s stock after selling 9,050 shares during the quarter. Shopify accounts for about 1.7% of Equitable Trust Co.’s portfolio, making the stock its 13th largest position. Equitable Trust Co.’s holdings in Shopify were worth $36,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHOP. Kingdom Financial Group LLC. acquired a new position in shares of Shopify during the fourth quarter worth $26,000. Curio Wealth LLC acquired a new stake in Shopify in the fourth quarter valued at $27,000. Evolution Wealth Management Inc. increased its holdings in Shopify by 203.9% in the first 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 during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shopify during the 4th quarter worth $29,000. Finally, Lodestone Wealth Management LLC bought a new position in Shopify during the 4th quarter worth $31,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHOP has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price on shares of Shopify in a report on Wednesday, May 6th. Robert W. Baird set a $150.00 price objective on Shopify in a research report on Wednesday, May 6th. Citigroup reaffirmed a “market outperform” rating on shares of Shopify in a research note on Thursday, June 18th. Stifel Nicolaus set a $150.00 target price on Shopify in a report on Thursday. Finally, Barclays set a $126.00 target price on shares of Shopify and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Shopify currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.03.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Zacks Research upgraded Shopify from hold to strong-buy, adding to bullish sentiment around the stock’s growth outlook and valuation support. Zacks upgrade coverage
• Positive Sentiment: Bank of America reinstated Shopify with a Buy rating and a $150 price target, citing potential benefits from AI-driven “agentic commerce,” international expansion, and enterprise adoption. Shopify reinstated at Bank of America with Buy rating
• Positive Sentiment: Several recent articles frame Shopify as a top software/internet name for 2026, with AI-led commerce and platform innovation seen as key growth drivers. Internet stocks with upside potential
• Neutral Sentiment: Shopify announced it will report second-quarter 2026 results on August 5, which keeps attention on upcoming execution but does not yet change fundamentals. Shopify to Announce Second-Quarter 2026 Financial Results
• Neutral Sentiment: Some commentary remains cautious, with articles arguing Shopify’s valuation is still expensive even though the business quality remains strong. Shopify valuation article
• Negative Sentiment: One report highlighted pressure from a governance change after an audit committee chair resigned, and the stock has also been sensitive to broader selloffs in richly valued tech names. Governance and valuation pressure

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $123.17 on Friday. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The business’s 50-day moving average is $111.09 and its 200-day moving average is $125.26. The company has a market capitalization of $159.83 billion, a price-to-earnings ratio of 121.95, a P/E/G ratio of 2.59 and a beta of 2.58.

Shopify Company 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.