Ballentine Partners LLC Trims Stake in Shopify Inc. $SHOP

Ballentine Partners LLC lowered its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 66.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,022 shares of the software maker’s stock after selling 10,055 shares during the period. Ballentine Partners LLC’s holdings in Shopify were worth $808,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SHOP. Brighton Jones LLC boosted its stake in Shopify by 2.8% during the fourth 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 in the last quarter. AQR Capital Management LLC boosted its stake in Shopify by 107.3% during the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after acquiring an additional 7,544 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Shopify by 6.6% during the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after acquiring an additional 506 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Shopify in the second quarter worth approximately $53,000. Finally, Main Street Financial Solutions LLC lifted its stake in shares of Shopify by 15.3% in the second quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after buying an additional 1,479 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Trading Down 0.4%

Shares of SHOP stock opened at $110.00 on Monday. Shopify Inc. has a 12-month low of $88.90 and a 12-month high of $182.19. The firm’s 50 day moving average is $121.76 and its 200 day moving average is $140.96. The stock has a market capitalization 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 (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. As a group, equities analysts predict that Shopify Inc. will post 1.36 earnings per share for the current year.

Key Headlines Impacting Shopify

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

Analyst Ratings Changes

Several brokerages recently weighed in on SHOP. Arete Research set a $175.00 price target on shares of Shopify in a research report on Monday, February 2nd. TD Securities raised Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research report on Thursday, February 12th. Citizens Jmp lowered their price objective on Shopify from $160.00 to $150.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 6th. KeyCorp reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Shopify in a research report on Wednesday, February 11th. Finally, Phillip Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Two 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 MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and an average 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.