Evelyn Partners Investment Management LLP Has $799,000 Holdings in Shopify Inc. $SHOP

Evelyn Partners Investment Management LLP trimmed its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 57.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 6,735 shares of the software maker’s stock after selling 9,200 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Shopify were worth $799,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. TBH Global Asset Management LLC lifted its position in shares of Shopify by 1.2% during the 4th quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock valued at $1,036,000 after acquiring an additional 75 shares during the period. Smartleaf Asset Management LLC grew its holdings in Shopify by 13.9% in 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 during the period. Pacific Sage Partners LLC grew its holdings in Shopify by 3.9% in the fourth quarter. Pacific Sage Partners LLC now owns 2,133 shares of the software maker’s stock worth $343,000 after purchasing an additional 80 shares during the period. WealthCollab LLC grew its holdings in Shopify by 26.7% in the fourth quarter. WealthCollab LLC now owns 380 shares of the software maker’s stock worth $61,000 after purchasing an additional 80 shares during the period. Finally, Secure Asset Management LLC increased its stake in Shopify by 1.8% in the fourth quarter. Secure Asset Management LLC now owns 4,724 shares of the software maker’s stock valued at $760,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Trading Up 2.7%

Shares of SHOP stock opened at $130.28 on Wednesday. The firm has a fifty day simple moving average of $115.46 and a two-hundred day simple moving average of $121.27. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The firm has a market capitalization of $169.06 billion, a PE ratio of 128.99, a price-to-earnings-growth ratio of 2.74 and a beta of 2.58.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Anticipation of strong Q2 growth: Investors are reportedly expecting revenue growth in the high-twenties percentage range, helping drive buying ahead of earnings. The company’s subscription revenue recently grew 21%, supported by Shopify Plus adoption, enterprise customers and new AI tools. Shopify Jumps on Q2 Revenue Growth Hopes
• Positive Sentiment: Confidence in Shopify’s competitive position: RBC argued that Shopify has strong defenses against AI-driven software disruption, while other commentary characterized the company as an early leader in agentic commerce. These views reinforce the potential for AI to expand Shopify’s merchant tools rather than weaken its business model. RBC on Shopify’s AI Defensibility
• Positive Sentiment: Expanded merchant distribution: DoorDash’s native Shopify integration lets eligible U.S. brick-and-mortar merchants synchronize catalogs and inventory and begin selling through DoorDash more easily. The partnership could increase Shopify’s ecosystem value and merchant engagement, although the near-term financial effect is uncertain. DoorDash Shopify Integration
• Neutral Sentiment: Partner ecosystem development: Indian e-commerce agency Marmeto became a Shopify Platinum Partner, signaling continued expansion of Shopify’s implementation and services network but likely having limited direct impact on near-term results. Marmeto Becomes Shopify Platinum Partner
• Negative Sentiment: Governance and reputational concerns: CEO Tobi Lütke faced criticism over apparent support for giving wealthy individuals greater voting power, including claims that the ultra-rich should receive multiple votes. The controversy could create reputational risk, though it has not yet altered Shopify’s operating outlook. Shopify CEO Voting Rights Criticism

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Wells Fargo & Company reduced 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. Jefferies Financial Group raised Shopify from a “hold” rating to a “buy” rating and boosted their target price for the company from $140.00 to $160.00 in a research report on Sunday, July 12th. National Bank Financial set a $155.00 price target on Shopify and gave the stock an “outperform” rating in a research note on Monday, July 20th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $175.00 price target on shares of Shopify in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.69.

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.