Diversify Wealth Management LLC Sells 7,155 Shares of Shopify Inc. $SHOP

Diversify Wealth Management LLC decreased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 16.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,865 shares of the software maker’s stock after selling 7,155 shares during the quarter. Diversify Wealth Management LLC’s holdings in Shopify were worth $6,005,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC increased its stake in Shopify by 1.7% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker’s stock worth $512,000 after acquiring an additional 59 shares during the last quarter. Moloney Securities Asset Management LLC increased its stake in Shopify by 1.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker’s stock worth $587,000 after acquiring an additional 70 shares during the last quarter. Seros Financial LLC increased its position in shares of Shopify by 2.7% during the 3rd quarter. Seros Financial LLC now owns 2,856 shares of the software maker’s stock valued at $424,000 after purchasing an additional 75 shares during the last quarter. First Affirmative Financial Network increased its position in shares of Shopify by 3.4% during the 3rd quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker’s stock valued at $338,000 after purchasing an additional 75 shares during the last quarter. Finally, TBH Global Asset Management LLC increased its position in shares of Shopify by 1.2% during the 4th quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock valued at $1,036,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q1 beat and GMV milestone — Shopify reported revenue growth (≈34%) and merchants generated over $100B in GMV, beating estimates and showing broad-based growth driven by B2B, offline scale and AI-powered tools. This is the fundamental driver supporting the rally. E-Commerce Update
• Positive Sentiment: Cathie Wood buying — ARK’s Cathie Wood purchased roughly $32M of Shopify after the earnings print, which can attract momentum and retail interest. Cathie Wood buys $32M
• Positive Sentiment: Unusual call options flow — Large block buying of call options (hundreds of thousands contracts reported) signals speculative bullish positioning and likely helped lift the stock intraday. Unusual options activity
• Neutral Sentiment: Mixed analyst actions — Citigroup issued a new $156 target (still a buy), reflecting differing views on near-term execution vs. long-term growth. Analysts remain split on valuation vs. growth durability. Citigroup new $156 PT
• Negative Sentiment: Multiple price-target cuts — Several firms lowered targets (Canaccord, BMO, Wells Fargo, DA Davidson, Citizens/JMP), citing valuation and near-term margin/AI-cost uncertainty; that pressured sentiment and triggered profit-taking for some holders. Canaccord PT lowered BMO PT lowered Wells Fargo PT lowered
• Negative Sentiment: Post-earnings volatility and cost concerns — Despite beats, some coverage flagged higher AI-related expenses and execution risks; the stock experienced a sharp post-earnings drop in earlier trading, contributing to today’s volatile bounce. AI reshapes merchant tools

Shopify Stock Up 6.0%

SHOP opened at $111.74 on Friday. The business has a fifty day moving average of $121.76 and a 200 day moving average of $140.96. Shopify Inc. has a 52-week low of $88.14 and a 52-week high of $182.19. The stock has a market cap of $145.72 billion, a P/E ratio of 110.63, a PEG ratio of 3.75 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Equities analysts anticipate that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SHOP shares. Citigroup cut their target price on Shopify from $163.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday. KeyCorp reissued an “overweight” rating and set a $160.00 target price on shares of Shopify in a research report on Wednesday, February 11th. Needham & Company LLC reissued a “buy” rating and set a $180.00 target price on shares of Shopify in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $150.00 target price (down from $165.00) on shares of Shopify in a research report on Tuesday. Finally, ATB Cormark Capital Markets raised Shopify from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.42.

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.