MSA Advisors LLC Purchases Shares of 19,500 Shopify Inc. $SHOP

MSA Advisors LLC purchased a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,500 shares of the software maker’s stock, valued at approximately $2,313,000. Shopify accounts for 0.7% of MSA Advisors LLC’s holdings, making the stock its 14th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Shopify in the fourth quarter worth approximately $2,611,797,000. Sands Capital Management LLC increased its position in Shopify by 37.0% during the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock worth $1,530,187,000 after purchasing an additional 2,568,765 shares during the last quarter. Invesco Ltd. increased its position in Shopify by 9.8% during the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after purchasing an additional 1,252,074 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Shopify by 7,207.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock worth $184,883,000 after purchasing an additional 1,132,545 shares during the period. Finally, Select Equity Group L.P. raised its stake in Shopify by 92.5% during the second quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock worth $259,124,000 after purchasing an additional 1,079,494 shares during the period. Institutional investors and hedge funds own 69.27% of the company’s stock.

More Shopify News

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SHOP shares. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of Shopify in a report on Tuesday, May 5th. Jefferies Financial Group raised Shopify from a “hold” rating to a “buy” rating and increased their target price for the stock from $140.00 to $160.00 in a research report on Sunday, July 12th. Morgan Stanley cut Shopify from an “overweight” rating to a “buy” rating in a report on Monday, July 13th. Piper Sandler reissued an “overweight” rating and set a $150.00 price target (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. Finally, Canaccord Genuity Group dropped their price target on Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Three investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.69.

Shopify Stock Up 2.7%

Shares of NASDAQ:SHOP opened at $130.28 on Wednesday. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The company has a 50 day moving average of $115.46 and a two-hundred day moving average of $121.27. The company has a market capitalization of $169.06 billion, a price-to-earnings ratio of 128.99, a price-to-earnings-growth ratio of 2.74 and a beta of 2.58.

Shopify 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.