Truist Financial Corp Boosts Position in Shopify Inc. $SHOP

Truist Financial Corp increased its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 381,288 shares of the software maker’s stock after purchasing an additional 4,406 shares during the quarter. Truist Financial Corp’s holdings in Shopify were worth $61,376,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Montag A & Associates Inc. grew its position in shares of Shopify by 2.4% in the 4th quarter. Montag A & Associates Inc. now owns 17,758 shares of the software maker’s stock valued at $2,858,000 after buying an additional 414 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV grew its position in shares of Shopify by 3.2% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 8,085 shares of the software maker’s stock valued at $1,301,000 after buying an additional 254 shares during the last quarter. Strs Ohio grew its position in shares of Shopify by 28.1% in the 4th quarter. Strs Ohio now owns 533,299 shares of the software maker’s stock valued at $85,882,000 after buying an additional 117,075 shares during the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of Shopify in the 4th quarter valued at $971,000. Finally, Horizon Investments LLC purchased a new position in shares of Shopify in the 4th quarter valued at $2,208,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Several Wall Street analysts see meaningful upside (average price target near $159.70, ~27% above recent levels), arguing the pullback creates a buying opportunity. Analysts See 27% Upside for Shopify After 30% Selloff
• Positive Sentiment: Benzinga flags that Benzinga’s “most accurate” analysts continue to rate SHOP highly ahead of the Q1 print and expect EPS around $0.33, which supports investor optimism into the report. Shopify Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Zacks highlights that Shopify is still expected to deliver low-30% revenue growth, driven by Shop Pay adoption and AI product momentum — positives for growth, but the piece flags potential investor uncertainty ahead of results. Shopify Stock Before Q1 Earnings: Smart Buy or Risky Move?
• Neutral Sentiment: Media coverage notes investor attention on Shopify’s AI initiatives and wholesale/merchant tools ahead of the quarter — these are strategic positives but may not move near-term earnings without clear margin proof. Shopify set for Q1 results as AI initiatives draw attention
• Negative Sentiment: Analysts and coverage also warn margin pressure from Shop Pay, AI investments and other initiatives could offset revenue growth, while the recent ~30% selloff signals investor skepticism and raises the bar for a strong beat. Analysts See 27% Upside for Shopify After 30% Selloff

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SHOP shares. Evercore set a $135.00 target price on Shopify in a report on Wednesday, February 11th. Piper Sandler started coverage on Shopify in a report on Thursday, March 12th. They issued an “overweight” rating and a $165.00 target price for the company. BMO Capital Markets set a $160.00 target price on Shopify in a report on Thursday, February 12th. Mizuho raised Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 target price for the company in a report on Thursday, February 12th. Finally, Phillip Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.19.

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $127.55 on Tuesday. The company has a 50-day simple moving average of $122.49 and a 200-day simple moving average of $141.99. Shopify Inc. has a one year low of $88.14 and a one year high of $182.19. The stock has a market capitalization of $166.34 billion, a price-to-earnings ratio of 137.15, a PEG ratio of 4.54 and a beta of 2.64.

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.