Principal Financial Group Inc. Purchases 63,300 Shares of Shopify Inc. $SHOP

Principal Financial Group Inc. grew its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 16.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,895 shares of the software maker’s stock after acquiring an additional 63,300 shares during the quarter. Principal Financial Group Inc.’s holdings in Shopify were worth $67,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Shopify during the 2nd quarter valued at about $1,794,952,000. Jennison Associates LLC lifted its holdings in shares of Shopify by 64.3% in the third quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock valued at $2,812,211,000 after purchasing an additional 7,403,821 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Shopify by 5,193.6% during the second quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock valued at $238,419,000 after buying an additional 2,027,839 shares during the last quarter. Geode Capital Management LLC grew its holdings in Shopify by 19.9% during the second quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock worth $1,247,007,000 after buying an additional 1,781,530 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its stake in Shopify by 246,359.0% during the 2nd quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker’s stock valued at $202,146,000 after acquiring an additional 1,759,003 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SHOP shares. Wedbush reiterated an “outperform” rating and issued a $185.00 target price (up previously from $160.00) on shares of Shopify in a research note on Tuesday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Shopify in a research report on Wednesday, November 5th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $181.00 target price (up from $156.00) on shares of Shopify in a report on Wednesday, November 5th. Scotiabank raised Shopify from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $200.00 in a research report on Thursday, January 8th. Finally, Robert W. Baird raised their target price on Shopify from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Twenty-five investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.70.

Shopify Price Performance

Shares of SHOP opened at $119.29 on Wednesday. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19. The stock’s fifty day moving average price is $157.15 and its two-hundred day moving average price is $151.51. The firm has a market cap of $155.30 billion, a PE ratio of 88.36, a PEG ratio of 3.89 and a beta of 2.83.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Shopify had a return on equity of 11.72% and a net margin of 16.65%.The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. Sell-side analysts anticipate that Shopify Inc. will post 1.12 earnings per share for the current fiscal year.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analyst upgrades and bullish AI/agentic-commerce thesis — Arete Research upgraded SHOP from neutral to buy, and several bullish previews argue Shopify’s “agentic commerce” and AI strategy could re-accelerate revenue and expand the addressable market ahead of Q4 results. Upgrading Shopify On Agentic Commerce Inflection Point (Earnings Preview) Finviz (Arete upgrade)
• Positive Sentiment: Broker optimism on fundamentals and disciplined spending — Jefferies and other commentators expect Shopify to finish 2025 strongly, highlighting better margin visibility and controlled spending, which supports a constructive medium-term outlook. Shopify gears up for strong 2025 finish as analysts eye margins and AI strategy
• Neutral Sentiment: Bull case summaries and longer-term thesis circulate — Several write-ups (Compounding Your Wealth summary on InsiderMonkey) outline why long-term investors remain bullish on Shopify’s platform and AI opportunities, but these are forward-looking and depend on execution. Shopify Inc. (SHOP): A Bull Case Theory
• Neutral Sentiment: Technical/actionable trading notes — Some chart-focused commentary points to a bounce off recent trendlines after Shopify hit a multi-month low; this matters for short-term traders but doesn’t change fundamentals. Shopify Stock Could Extend a Bounce Off This Trendline
• Negative Sentiment: Recent steep decline and investor concern — Coverage notes a sharp drop from January highs and that Shopify is falling more than the broader market, increasing near-term downside risk and sparking momentum selling. Shopify (SHOP) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Sell-side caution and valuation concerns — Some analysts and columnists argue the stock is overextended relative to near-term results (high trailing/forward P/E) and suggest trimming or selling around recent levels, highlighting the risk if AI-driven re-acceleration disappoints. Sell Shopify Stock At $130?

Shopify 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.