Integrated Advisors Network LLC Sells 4,651 Shares of Shopify Inc. $SHOP

Integrated Advisors Network LLC reduced its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 34.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,827 shares of the software maker’s stock after selling 4,651 shares during the quarter. Integrated Advisors Network LLC’s holdings in Shopify were worth $1,047,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Kingdom Financial Group LLC. acquired a new position in shares of Shopify during the 4th quarter worth about $26,000. Curio Wealth LLC acquired a new stake in Shopify in the 4th quarter valued at approximately $27,000. Evolution Wealth Management Inc. increased its position in Shopify by 203.9% in the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after buying an additional 155 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shopify in the 4th quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Shopify during the fourth quarter worth approximately $31,000. 69.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Shopify in a research report on Thursday, June 18th. Wells Fargo & Company reduced their price target on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $180.00 price target on shares of Shopify in a research report on Tuesday, May 5th. DA Davidson dropped their price objective on shares of Shopify from $195.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Bank of America began coverage on shares of Shopify in a research report on Tuesday. They set a “buy” rating and a $150.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.06.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bank of America reinstated coverage on Shopify with a Buy rating and a $150 price target, saying the company could benefit from AI-driven “agentic commerce,” international expansion, and enterprise adoption. Shopify reinstated at Bank of America with ‘Buy’ rating on agentic commerce growth outlook
• Positive Sentiment: Analysts continue to view Shopify favorably overall, with multiple recent price targets clustered around $150, reinforcing expectations for upside if execution stays strong. Shopify Slides as Investors Weigh Governance Change and a Rich Valuation Ahead of Earnings
• Neutral Sentiment: Shopify announced it will report second-quarter 2026 results before the market opens on August 5, which is keeping investors focused on upcoming earnings and near-term execution. Shopify to Announce Second-Quarter 2026 Financial Results
• Neutral Sentiment: Recent commentary also highlighted Shopify as a software stock to watch in 2026, noting that sentiment has stabilized after a difficult stretch, but the recovery remains tentative. Shopify (SHOP) Among the Best Software Stocks to Buy in 2026
• Negative Sentiment: Despite the bullish analyst notes, shares have been weaker recently as investors weigh Shopify’s rich valuation, a governance change involving the audit committee chair, and caution ahead of earnings. Shopify Slides as Investors Weigh Governance Change and a Rich Valuation Ahead of Earnings
• Negative Sentiment: A separate market recap said Shopify fell more than the broader market, suggesting traders are taking profits or rotating away from high-multiple growth names. Shopify (SHOP) Declines More Than Market: Some Information for Investors

Shopify Stock Performance

NASDAQ:SHOP opened at $119.22 on Thursday. The company has a 50-day moving average of $111.07 and a 200-day moving average of $125.59. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The company has a market capitalization of $154.71 billion, a price-to-earnings ratio of 118.04, a PEG ratio of 2.53 and a beta of 2.58.

About Shopify

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.