Plato Investment Management Ltd Trims Holdings in Shopify Inc. $SHOP

Plato Investment Management Ltd reduced its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 40.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,262 shares of the software maker’s stock after selling 12,572 shares during the quarter. Plato Investment Management Ltd’s holdings in Shopify were worth $2,959,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Midwest Trust Co boosted its stake in shares of Shopify by 1.6% during the 4th quarter. Midwest Trust Co now owns 63,985 shares of the software maker’s stock valued at $10,300,000 after buying an additional 985 shares during the last quarter. Ebert Capital Management Inc. purchased a new position in shares of Shopify during the 4th quarter valued at approximately $604,000. NewEdge Wealth LLC boosted its stake in shares of Shopify by 5.2% during the 4th quarter. NewEdge Wealth LLC now owns 56,341 shares of the software maker’s stock valued at $9,069,000 after buying an additional 2,792 shares during the last quarter. F m Investments LLC purchased a new position in shares of Shopify during the 4th quarter valued at approximately $201,000. Finally, Ethic Inc. boosted its stake in shares of Shopify by 13.9% during the 4th quarter. Ethic Inc. now owns 9,080 shares of the software maker’s stock valued at $1,462,000 after buying an additional 1,109 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Shopify Trading Down 1.6%

SHOP stock opened at $110.00 on Friday. The firm has a market cap of $143.45 billion, a P/E ratio of 108.91, a P/E/G ratio of 3.11 and a beta of 2.64. Shopify Inc. has a 12-month low of $88.90 and a 12-month high of $182.19. The stock’s 50 day simple moving average is $121.76 and its 200 day simple moving average is $140.96.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $998.78. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. On average, research analysts forecast that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on SHOP. Cantor Fitzgerald reiterated a “neutral” rating and set a $126.00 target price (down from $181.00) on shares of Shopify in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $175.00 target price on shares of Shopify in a research note on Thursday, February 12th. DZ Bank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Weiss Ratings cut Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $140.00 target price (down from $150.00) on shares of Shopify in a research note on Tuesday. Two equities 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 stock. According to data from MarketBeat, Shopify has a consensus rating of “Moderate Buy” and an average price target of $158.42.

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

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.