Shopify Inc. $SHOP Shares Sold by Tremblant Capital Group

Tremblant Capital Group trimmed its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 39.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,089 shares of the software maker’s stock after selling 118,598 shares during the period. Shopify accounts for about 2.8% of Tremblant Capital Group’s holdings, making the stock its 16th largest holding. Tremblant Capital Group’s holdings in Shopify were worth $27,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Shopify in the 2nd quarter valued at about $1,794,952,000. Jennison Associates LLC raised its position in shares of Shopify by 64.3% during the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after acquiring an additional 7,403,821 shares in the last quarter. Brown Advisory Inc. lifted its stake in Shopify by 5,193.6% during the second quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock worth $238,419,000 after purchasing an additional 2,027,839 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in Shopify by 246,359.0% during the second quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker’s stock worth $202,146,000 after purchasing an additional 1,759,003 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Shopify by 2.8% in the second quarter. Vanguard Group Inc. now owns 49,316,695 shares of the software maker’s stock valued at $5,688,053,000 after purchasing an additional 1,354,415 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Trading Down 2.5%

SHOP stock opened at $122.96 on Friday. The company has a market capitalization of $160.07 billion, a P/E ratio of 132.22, a PEG ratio of 4.53 and a beta of 2.83. The business has a 50 day simple moving average of $133.91 and a 200-day simple moving average of $148.61. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BNP Paribas Exane started coverage on shares of Shopify in a research note on Monday, November 24th. They issued a “neutral” rating on the stock. Wolfe Research upgraded shares of Shopify from a “hold” rating to an “outperform” rating in a report on Tuesday, January 6th. Wedbush dropped their target price on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Truist Financial set a $150.00 price target on shares of Shopify and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Phillip Securities raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Shopify presently has an average rating of “Moderate Buy” and a consensus price target of $163.38.

More 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.

Shopify Company 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.