Newbridge Financial Services Group Inc. Cuts Stake in Shopify Inc. $SHOP

Newbridge Financial Services Group Inc. lessened its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 31.7% in the 3rd quarter, Holdings Channel reports. The firm owned 11,272 shares of the software maker’s stock after selling 5,222 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Shopify were worth $1,675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Financial Gravity Companies Inc. acquired a new stake in Shopify in the 2nd quarter worth about $27,000. Rothschild Investment LLC raised its holdings in shares of Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new position in shares of Shopify in the third quarter valued at approximately $27,000. Estabrook Capital Management purchased a new position in shares of Shopify in the second quarter valued at approximately $29,000. Finally, Vestor Capital LLC acquired a new stake in shares of Shopify in the second quarter worth approximately $34,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Performance

Shares of Shopify stock opened at $122.96 on Friday. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The company has a market cap of $160.07 billion, a price-to-earnings ratio of 132.22, a PEG ratio of 4.53 and a beta of 2.83. The business’s 50 day moving average price is $133.91 and its 200 day moving average price is $148.61.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies raised its price target after OpenAI decided not to enable in‑ChatGPT purchases, which Jefferies views as reducing a competitive threat to Shopify’s checkout and payments opportunity. This upgrade supports upside to monetization of AI-driven commerce. Jefferies Raises PT on Shopify (SHOP) Following OpenAI Decision
• Positive Sentiment: Piper Sandler initiated coverage with an “Overweight” rating and a $165 PT (~34% upside from the current level), citing payments and merchant growth as key drivers. Analyst coverage and a constructive PT can attract buyers. Benzinga Coverage Note
• Positive Sentiment: Shopify is embedding AI across commerce—enabling AI assistants to surface merchant catalogs and route transactions through Shopify’s checkout/payments—which could increase GMV capture and revenue per merchant if adoption scales. Shopify Bets Big on AI Commerce: Is it the Next Growth Catalyst?
• Positive Sentiment: Shopify’s Klaviyo integration (Locale Aware Catalogs) strengthens its enterprise and global merchant proposition by automating localized catalogs, pricing and marketing — a product move that targets larger brands and cross‑sell opportunities. Shopify And Klaviyo Integration Highlights Global Ambitions And Valuation Tension
• Positive Sentiment: Longer‑term bullish narratives: commentary (e.g., Motley Fool) places Shopify among AI winners that could materially expand value over several years, supporting a growth story for patient investors. Prediction: 2 AI Stocks Will Be Worth More Than Palantir Technologies in 5 Years
• Neutral Sentiment: Zacks notes the stock is up ~14% since the last earnings report, signaling recent momentum but asking whether that trend can continue without clearer earnings leverage. Shopify (SHOP) Up 14% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: Zacks also highlights SHOP has declined ~11% over six months, reflecting recent volatility and investor concern about execution/valuation despite AI momentum. SHOP Declines 11% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Service reliability concern — Downdetector reported outages affecting thousands of users; repeated or high‑impact outages can dent merchant trust and short‑term GMV. Shopify Down for Thousands of Users, Downdetector Reports
• Negative Sentiment: Valuation and technical pressure — SHOP trades below its 50‑ and 200‑day moving averages, has a high trailing P/E (~132) and elevated PEG (~4.65), which increases sensitivity to any slowdown in revenue/monetization.

Analysts Set New Price Targets

SHOP has been the subject of several research reports. Citizens Jmp dropped their price target on Shopify from $200.00 to $160.00 and set a “market outperform” rating for the company in a research report on Thursday, February 12th. Mizuho raised shares of Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 target price on the stock in a research note on Thursday, February 12th. KeyCorp reaffirmed an “overweight” rating and set a $160.00 target price on shares of Shopify in a report on Wednesday, February 11th. Wolfe Research upgraded shares of Shopify from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 6th. Finally, TD Cowen raised shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.38.

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.