Shopify Inc. $SHOP Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. trimmed its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 31.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,754 shares of the software maker’s stock after selling 122,080 shares during the period. Shopify makes up about 1.2% of Intact Investment Management Inc.’s holdings, making the stock its 21st biggest holding. Intact Investment Management Inc.’s holdings in Shopify were worth $42,789,000 at the end of the most recent reporting period.

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

Shopify Price Performance

NASDAQ:SHOP opened at $127.67 on Monday. The firm has a 50-day moving average of $122.49 and a two-hundred day moving average of $141.99. The stock has a market cap of $166.50 billion, a P/E ratio of 137.28, a PEG ratio of 4.54 and a beta of 2.64. Shopify Inc. has a 1-year low of $88.14 and a 1-year high of $182.19.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is positioning itself at the center of “agentic commerce,” enabling merchants to sell through ChatGPT, Gemini and Copilot while building an AI-powered checkout/payments backbone — a narrative that supports long-term revenue and take-rate expansion. META vs. SHOP: Which Stock Leads the AI Commerce Revolution?
• Positive Sentiment: Analysts’ consensus target (~$162.70) sits well above the current market price, implying meaningful upside and helping lift sentiment among growth investors. Shopify Inc. (NASDAQ:SHOP) Receives $162.70 Consensus Target Price from Analysts
• Positive Sentiment: Shopify is actively pursuing money-transmitter licenses and other regulatory approvals to expand its fintech and payment offerings, which could boost margins and recurring revenue over time if approved. Shopify Seeks Regulators’ OK to Become Money Transmitter
• Positive Sentiment: Third-party partners are launching Shopify-focused AI tools (e.g., Bloomreach’s Loomi) that enhance personalization and conversion — ecosystem momentum that can amplify merchant success on the platform. Bloomreach Launches Loomi AI for Shopify
• Neutral Sentiment: Smaller integrations (e.g., reAlpha/AiChat conversational commerce) and stories about merchant use cases (vinyl sellers) highlight ecosystem activity but are unlikely to move the stock materially by themselves. reAlpha Announces AiChat Launch of Shopify Conversational Commerce Integration
• Neutral Sentiment: Articles digging into Q1 metrics and bullish retail write-ups provide detail and varied perspectives; they inform investor models but don’t change the core bull/bear case by themselves. Exploring Analyst Estimates for Shopify (SHOP) Q1 Earnings
• Negative Sentiment: An analyst who earlier issued the lone sell rating says it’s still too soon to buy after the selloff, reminding investors that valuation and execution risks remain and keeping some downside pressure on sentiment. Shopify Analyst Who Saw Selloff Coming Says It’s Too Soon to Buy
• Negative Sentiment: A reported service outage drew short-term attention to reliability risks for merchants; operational hiccups can dent near-term confidence if they recur. Is Shopify down? Shopify status after morning outage

Analyst Ratings Changes

SHOP has been the subject of a number of research analyst reports. KeyCorp restated an “overweight” rating and set a $160.00 price objective on shares of Shopify in a report on Wednesday, February 11th. TD Securities upgraded Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Thursday, February 12th. UBS Group lowered their price target on Shopify from $165.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. DZ Bank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Evercore set a $135.00 price target on Shopify in a report on Wednesday, February 11th. Three equities 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 company. According to MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus price target of $162.46.

About Shopify

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.