Principal Financial Group Inc. Decreases Stock Holdings in Shopify Inc. $SHOP

Principal Financial Group Inc. lowered its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 291,860 shares of the software maker’s stock after selling 159,035 shares during the period. Principal Financial Group Inc.’s holdings in Shopify were worth $47,005,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SHOP. Jennison Associates LLC boosted its holdings in Shopify by 64.3% during the third quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after buying an additional 7,403,821 shares in the last quarter. Select Equity Group L.P. raised its position in Shopify by 92.5% during the second quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock worth $259,124,000 after acquiring an additional 1,079,494 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Shopify by 21.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,536,825 shares of the software maker’s stock worth $822,828,000 after acquiring an additional 973,132 shares during the last quarter. Steadfast Capital Management LP acquired a new position in Shopify during the third quarter worth about $140,930,000. Finally, Vanguard Group Inc. raised its position in Shopify by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock worth $8,158,643,000 after acquiring an additional 743,803 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

NASDAQ:SHOP opened at $110.00 on Friday. The firm has a 50 day simple moving average of $121.76 and a 200-day simple moving average of $140.96. The firm has a market cap of $143.45 billion, a PE ratio of 108.91, a P/E/G ratio of 3.14 and a beta of 2.64. Shopify Inc. has a 1-year low of $88.90 and a 1-year high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data 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. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. As a group, sell-side analysts expect that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify’s Q1 2026 results showed strong revenue growth, robust gross merchandise volume, and continued free-cash-flow strength, reinforcing that the core business is still expanding. Shopify’s Revenue Is Surging, but Stock Falls. Here’s Why It’s a Buying Opportunity.
• Positive Sentiment: Cathie Wood reportedly bought about $32 million of Shopify after the earnings report, which may be seen as a vote of confidence from a high-profile growth investor. Cathie Wood buys $32M of e-commerce goliath after strong earnings
• Positive Sentiment: AI is increasingly being highlighted as a growth driver for Shopify’s merchant tools and platform, supporting the longer-term growth narrative. Shopify’s Revenue Is Surging, but Stock Falls. Here’s Why It’s a Buying Opportunity.
• Neutral Sentiment: Several brokerages adjusted price targets this week, with some lowering targets but others reaffirming bullish views such as RBC’s outperform rating, suggesting expectations remain divided rather than clearly negative. Shopify (NASDAQ:SHOP) Receives Outperform Rating from Royal Bank Of Canada
• Neutral Sentiment: Commentary around unusual options activity and Shopify’s inclusion in high-conviction ETF holdings points to continued investor interest, but not necessarily a near-term catalyst. Unusual Shopify stock options activity signals a unique trade for income and upside
• Negative Sentiment: Recent coverage says Shopify’s valuation remains a near-term headwind, which helps explain why the stock has been sliding despite strong operating results. As Shopify Sinks 14% Following Earnings, Here’s What Barchart Data Says Comes Next for SHOP Stock
• Negative Sentiment: Some investors remain cautious after the earnings report, arguing the stock is still too expensive and that patience may be needed before the shares can recover. MarketBeat Week in Review – 05/04 – 05/08

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Moffett Nathanson upgraded shares of Shopify from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Monday, February 9th. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of Shopify in a research report on Wednesday. DZ Bank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Barclays set a $126.00 target price on shares of Shopify and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, DA Davidson cut their target price on shares of Shopify from $195.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Two research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.42.

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.