AGF Management Ltd. Has $19.33 Million Stock Holdings in Shopify Inc. $SHOP

AGF Management Ltd. lowered its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 24.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,131 shares of the software maker’s stock after selling 42,396 shares during the quarter. AGF Management Ltd.’s holdings in Shopify were worth $19,331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SHOP. Brighton Jones LLC raised its stake in Shopify by 2.8% in the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after purchasing an additional 584 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Shopify by 107.3% in the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after buying an additional 7,544 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Shopify by 6.6% in the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock valued at $945,000 after buying an additional 506 shares during the period. Ascent Group LLC grew its position in Shopify by 16.7% during the second quarter. Ascent Group LLC now owns 6,275 shares of the software maker’s stock worth $724,000 after buying an additional 899 shares in the last quarter. Finally, Clarius Group LLC grew its position in Shopify by 2.4% during the second quarter. Clarius Group LLC now owns 7,628 shares of the software maker’s stock worth $879,000 after buying an additional 179 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analysts at Seeking Alpha upgraded SHOP to a Buy ahead of Q4 2025, arguing Shopify’s AI and “agentic commerce” initiatives could re-accelerate revenue and expand addressable market; management’s Q4 guidance (25–29% sales growth, 20–25% gross profit growth) is positioned to be beatable, supporting upside expectations. Upgrading Shopify On Agentic Commerce Inflection Point (Earnings Preview)
• Positive Sentiment: Arete Research moved SHOP from Neutral to Buy, adding upward analyst momentum to the stock after the recent pullback; analyst upgrades can prompt short-term buying interest. Finviz
• Positive Sentiment: Technical analysts note Shopify bounced off a near six?month trendline during the recent pullback, suggesting a potential extension of the bounce if that support holds — a constructive setup for traders looking for mean reversion. Shopify Stock Could Extend a Bounce Off This Trendline
• Positive Sentiment: Broader market strength and improved macro data (better manufacturing prints and strong Q4 earnings across sectors) provide a tailwind that can lift high?beta, growth names like SHOP alongside the market rebound. Market Indexes Bounce Back to Start a New Trading Week
• Neutral Sentiment: The Information’s coverage of AI shopping competition outlines industry shifts (rival alliances vs. Amazon); this is a strategic backdrop that could benefit Shopify over time but does not create immediate earnings certainty. In AI Shopping Wars, Rivals Team Up to Take On Amazon
• Neutral Sentiment: Sector/style pieces and comparative analyses (e.g., AmericanBankingNews) are weighing SHOP relative to peers; useful for context but unlikely to move price materially on their own. Analyzing MiX Telematics (NYSE:MIXT) and Shopify (NASDAQ:SHOP)
• Neutral Sentiment: Public comments from co?founder Tobi Lütke (human interest/leadership tone) are notable for governance/culture context but are unlikely to change near?term fundamentals. ‘Companies Cocoon Them,’ Shopify Co-Founder Tobi Lütke Says—Why Ex-Entrepreneurs Get Pushed To The ‘Outskirts’ Instead Of Promoted
• Negative Sentiment: A bearish Forbes piece argues for selling SHOP around $130 after a ~22% drop since early January, highlighting downside risk and short-term momentum concerns — a narrative that can amplify selling pressure and volatility. Sell Shopify Stock At $130?

Analysts Set New Price Targets

A number of research firms have recently weighed in on SHOP. National Bankshares upped their target price on Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. TD Securities upgraded shares of Shopify to a “hold” rating in a research note on Thursday, December 4th. DA Davidson boosted their target price on shares of Shopify from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Truist Financial set a $155.00 price target on shares of Shopify and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, Wedbush restated an “outperform” rating and set a $185.00 price objective (up from $160.00) on shares of Shopify in a research report on Tuesday, November 4th. Twenty-five research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.70.

Shopify Trading Up 0.7%

Shares of SHOP stock opened at $132.20 on Tuesday. The business’s 50-day moving average price is $157.91 and its 200-day moving average price is $151.57. The firm has a market capitalization of $172.10 billion, a price-to-earnings ratio of 97.93, a PEG ratio of 3.87 and a beta of 2.83. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its earnings results on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. Shopify had a net margin of 16.65% and a return on equity of 11.72%. On average, sell-side analysts predict that Shopify Inc. will post 1.12 earnings per share for the current fiscal 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.