Shopify Inc. $SHOP Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. reduced its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 43.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,375 shares of the software maker’s stock after selling 6,394 shares during the period. Griffin Asset Management Inc.’s holdings in Shopify were worth $1,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Shopify in the 4th quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new position in Shopify during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC lifted its position in Shopify by 82.4% during the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after acquiring an additional 89 shares in the last quarter. Navalign LLC acquired a new position in Shopify during the 4th quarter worth approximately $34,000. Finally, JPL Wealth Management LLC acquired a new position in Shopify during the 3rd quarter worth approximately $32,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Stock Up 4.0%

Shares of SHOP opened at $105.01 on Thursday. The business’s 50 day moving average is $117.31 and its two-hundred day moving average is $136.58. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The firm has a market cap of $136.27 billion, a price-to-earnings ratio of 103.97, a PEG ratio of 2.83 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. On average, equities analysts expect that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $180.00 price target on shares of Shopify in a research report on Tuesday, May 5th. Citigroup reduced their price target on Shopify from $163.00 to $156.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus set a $115.00 price target on Shopify and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Moffett Nathanson raised Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $175.00 price target on shares of Shopify in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.42.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Thrive Capital’s rare $100 million investment is drawing attention to Shopify’s AI initiatives and reinforcing the idea that the company may be using artificial intelligence to deepen its commerce platform and improve long-term growth. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation
• Positive Sentiment: Shopify’s Q1 earnings call was interpreted as signaling AI-fueled growth, which can support the view that the company is building new monetization opportunities beyond its core ecommerce tools. Shopify Earnings Call Signals AI-Fueled Growth
• Positive Sentiment: Analysts highlighted Shopify’s $67 billion in payments volume, 67% payments penetration, and 59% growth in Shop Pay, pointing to a strong monetization runway in Merchant Solutions. Can Shopify’s $67B Payments Volume Deepen Its Monetization Runway?
• Positive Sentiment: Several investor and commentary pieces continue to frame Shopify as a long-term winner, citing its market share gains, institutional interest, and durable growth profile. Is Shopify Inc. (SHOP) Among Stocks That Will Make You Rich Over the Next Decade?
• Neutral Sentiment: Loomis Sayles said it is sticking with Shopify in its global growth portfolio, but the note appears more like a portfolio update than a direct catalyst for the stock. Loomis Sayles Global Growth Fund Holds Firm on Shopify (SHOP) Beyond AI Narrative
• Neutral Sentiment: Freshworks named Shopify among winners of its customer awards, which is positive branding but unlikely to materially move the shares on its own. Freshworks Announces Winners of the 2026 Global Customer Awards
• Negative Sentiment: Despite the upbeat news flow, Shopify’s recent performance remains weak versus prior levels, with articles noting sizable month-to-date and year-to-date declines that may keep valuation concerns in focus. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation

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.