Sequoia Financial Advisors LLC Purchases 8,030 Shares of Shopify Inc. $SHOP

Sequoia Financial Advisors LLC raised its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 35.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,599 shares of the software maker’s stock after buying an additional 8,030 shares during the period. Sequoia Financial Advisors LLC’s holdings in Shopify were worth $3,630,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Shopify by 2.8% during the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after acquiring an additional 584 shares during the last quarter. AQR Capital Management LLC raised its position in Shopify by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after purchasing an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Shopify by 6.6% in the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after purchasing an additional 506 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Shopify in the second quarter worth $53,000. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Shopify by 15.3% during the second quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after purchasing an additional 1,479 shares during the last quarter. 69.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SHOP has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. BTIG Research began coverage on shares of Shopify in a report on Friday. They set a “buy” rating on the stock. UBS Group restated a “neutral” rating on shares of Shopify in a research report on Thursday, May 28th. Finally, Bank of America began coverage on shares of Shopify in a research note on Tuesday, July 7th. They issued a “buy” rating and a $150.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.58.

Shopify Stock Up 1.8%

SHOP stock opened at $124.74 on Tuesday. The company has a market cap of $161.87 billion, a P/E ratio of 123.51, a PEG ratio of 2.66 and a beta of 2.58. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The business has a fifty day moving average of $111.19 and a 200-day moving average of $124.61.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies turned more bullish on Shopify, citing early signs of strong second-quarter trends, a revamped partner program, and expectations for a coming price increase. The firm also said Shopify is well positioned to benefit from “agentic commerce” and AI-driven shopping tools. Shopify upgraded to Buy at Jefferies on agentic commerce bet
• Positive Sentiment: Additional coverage reinforced the same theme, with Wall Street commentary highlighting Shopify’s potential as an infrastructure layer for AI-powered commerce and noting meaningful upside to the shares. Jefferies Says Shopify Is Built for the Age of AI
• Positive Sentiment: Market chatter also pointed to a broader bullish analyst backdrop for Shopify, with Jefferies joining other optimistic calls and helping drive investor enthusiasm around the stock’s AI growth story. SHOP Stock Gains Overnight: Jefferies Joins Wall Street Bulls, Sees 31% Upside Potential For Shopify
• Neutral Sentiment: Other roundup articles mentioned Shopify in lists of attractive stocks and analyst calls, but they did not add new company-specific developments beyond the upgrade narrative. Here Are Monday’s Best Wall Street Analyst Research Calls

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.