570,210 Shares in Shopify Inc. $SHOP Acquired by Altimeter Capital Management LP

Altimeter Capital Management LP bought a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 570,210 shares of the software maker’s stock, valued at approximately $91,787,000. Shopify makes up approximately 1.4% of Altimeter Capital Management LP’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in Shopify by 37.1% in the fourth quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock worth $13,051,000 after buying an additional 21,945 shares during the last quarter. Triasima Portfolio Management inc. grew its position in Shopify by 11.0% in the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock worth $29,398,000 after buying an additional 18,028 shares during the last quarter. Assetmark Inc. grew its position in Shopify by 6.7% in the fourth quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock worth $34,380,000 after buying an additional 13,415 shares during the last quarter. SG Americas Securities LLC grew its position in Shopify by 286.6% in the fourth quarter. SG Americas Securities LLC now owns 508,723 shares of the software maker’s stock worth $81,889,000 after buying an additional 377,129 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Shopify by 12.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,114 shares of the software maker’s stock worth $84,689,000 after purchasing an additional 59,745 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify shareholders approved all director nominees and reappointed PricewaterhouseCoopers as auditor at the 2026 annual meeting, while also backing executive compensation and rejecting a proposed AI policy, which supports management’s current AI strategy. Article title
• Positive Sentiment: Shopify’s $5 billion buyback authorization remains a bullish signal for investors because it gives the company flexibility to repurchase shares and support per-share value. Article title
• Positive Sentiment: Bloomreach launched a new Sidekick extension for its Loomi for Shopify app, adding instant search-ranking visibility for merchants and reinforcing Shopify’s expanding AI/app ecosystem. Article title
• Positive Sentiment: Loox launched Reviewers.com, a product-sampling platform built exclusively for Shopify brands, highlighting continued third-party product development around the Shopify merchant base. Article title
• Neutral Sentiment: Shopify announced the results of its 2026 annual meeting, but the filing itself does not indicate a major new catalyst for the stock beyond the governance outcome. Article title
• Negative Sentiment: Despite supportive strategic news, Shopify has still been trading lower, suggesting investors may be taking profits or focusing on valuation after a strong run. Article title

Shopify Stock Down 4.5%

Shopify stock opened at $108.09 on Thursday. The company’s fifty day simple moving average is $113.56 and its 200-day simple moving average is $130.44. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The stock has a market cap of $140.26 billion, a P/E ratio of 107.02, a P/E/G ratio of 3.17 and a beta of 2.60.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SHOP shares. Canaccord Genuity Group lowered their price objective on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Shopify in a research report on Tuesday, May 5th. Oppenheimer reiterated an “outperform” rating and set a $175.00 price objective on shares of Shopify in a research report on Wednesday, May 6th. Barclays set a $126.00 price objective on shares of Shopify and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective on shares of Shopify in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.17.

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.