Pinnbrook Capital Management LP Acquires Shares of 30,303 Shopify Inc. $SHOP

Pinnbrook Capital Management LP bought a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 30,303 shares of the software maker’s stock, valued at approximately $4,503,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in Shopify in the second quarter valued at about $27,000. Rothschild Investment LLC increased its position in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares during the period. Heartwood Wealth Advisors LLC bought a new stake in Shopify during the 3rd quarter worth about $27,000. Estabrook Capital Management acquired a new position in Shopify during the 2nd quarter valued at about $29,000. Finally, Vestor Capital LLC acquired a new position in Shopify during the 2nd quarter valued at about $34,000. Institutional investors own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHOP. Truist Financial set a $150.00 target price on shares of Shopify and gave the company a “buy” rating in a research note on Tuesday, February 17th. UBS Group cut their price objective on shares of Shopify from $165.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Citigroup reaffirmed a “buy” rating and issued a $172.00 price objective (down from $195.00) on shares of Shopify in a research note on Friday, February 13th. Phillip Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Barclays set a $130.00 target price on shares of Shopify and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Two equities 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 stock. According to MarketBeat.com, Shopify currently has an average rating of “Moderate Buy” and an average target price of $163.38.

Shopify Price Performance

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

Key Headlines Impacting Shopify

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.

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.