Shopify Inc. $SHOP Shares Sold by Jessup Wealth Management Inc

Jessup Wealth Management Inc lowered its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 85.6% during the fourth quarter, Holdings Channel reports. The firm owned 8,249 shares of the software maker’s stock after selling 49,004 shares during the quarter. Jessup Wealth Management Inc’s holdings in Shopify were worth $1,328,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Affirmative Financial Network increased its position in shares of Shopify by 3.4% during the third quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker’s stock worth $338,000 after purchasing an additional 75 shares in the last quarter. TBH Global Asset Management LLC increased its position in shares of Shopify by 1.2% during the fourth quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock worth $1,036,000 after purchasing an additional 75 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Shopify by 13.9% during the second quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock worth $72,000 after purchasing an additional 77 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Shopify by 2.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 3,164 shares of the software maker’s stock worth $509,000 after purchasing an additional 80 shares in the last quarter. Finally, Pacific Sage Partners LLC grew its holdings in shares of Shopify by 3.9% during the fourth quarter. Pacific Sage Partners LLC now owns 2,133 shares of the software maker’s stock worth $343,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is being cited as a contributor to the strong performance of the iShares North American Tech ETF, suggesting the stock remains an important driver of sector-level gains and a notable holding for growth-oriented investors. This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
• Positive Sentiment: Shopify was included among the best Canadian stocks favored by billionaires, reinforcing investor confidence in the company’s long-term growth story and institutional appeal. 5 Best Canadian Stocks to Invest In According to Billionaires
• Positive Sentiment: Shopify continues to gain attention for execution in AI, payments, and enterprise tools, with analysts arguing that strong business momentum could support further growth if it keeps delivering. Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Neutral Sentiment: Shopify-related partnership and migration articles, including TOMS and Posterazzi moving operations onto Shopify, add to the platform narrative but are unlikely to move the stock much on their own. Enabling Shopify at Scale: How TOMS Streamlined Operations with Deck Commerce Optimum7 Replatforms Posterazzi from BigCommerce to Shopify with Preview Engine
• Negative Sentiment: Some investors are questioning whether Shopify’s valuation has become stretched, with commentary noting a high forward price-to-sales multiple and limited room for disappointment if growth slows. Is It Time To Reassess Shopify (SHOP) After Sidekick And DHL Partnership Hopes? Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Negative Sentiment: Shopify was also mentioned in connection with a broader software sector sell-off, which may be adding short-term pressure to the shares even without company-specific negative news. Shopify (SHOP) Fell With Software Sell Off

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BMO Capital Markets lowered their price target on Shopify from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and set a $150.00 price target (down from $165.00) on shares of Shopify in a report on Tuesday, May 5th. DZ Bank raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Needham & Company LLC reissued a “buy” rating and set a $180.00 price target on shares of Shopify in a report on Tuesday, May 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $175.00 price target on shares of Shopify in a report on Wednesday, May 6th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify Trading Down 2.0%

Shares of SHOP opened at $108.20 on Thursday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The stock’s 50 day moving average is $114.36 and its two-hundred day moving average is $132.04. The firm has a market capitalization of $140.41 billion, a PE ratio of 107.13, a P/E/G ratio of 3.10 and a beta of 2.60.

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

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.