Wealthfront Advisers LLC Raises Stake in Shopify Inc. $SHOP

Wealthfront Advisers LLC raised its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 30.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,759 shares of the software maker’s stock after acquiring an additional 6,000 shares during the quarter. Wealthfront Advisers LLC’s holdings in Shopify were worth $4,146,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SHOP. Brighton Jones LLC lifted its stake in Shopify by 2.8% in 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 during the last quarter. AQR Capital Management LLC lifted its stake in Shopify by 107.3% in 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 during the last quarter. Sivia Capital Partners LLC lifted its stake in Shopify by 6.6% in 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 during the last quarter. Osterweis Capital Management Inc. purchased a new position in Shopify in the second quarter worth approximately $53,000. Finally, Main Street Financial Solutions LLC lifted its stake in 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 acquiring an additional 1,479 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is positioning itself as a leader in “agentic commerce,” enabling merchants to sell through ChatGPT, Gemini and Copilot and building an AI-powered checkout/payments backbone — a structural growth story investors view as high upside. META vs. SHOP: Which Stock Leads the AI Commerce Revolution?
• Positive Sentiment: Shopify is pushing deeper into fintech — seeking money-transmitter licenses and approvals to hold and move funds itself — which could expand margins and revenue capture from payments and merchant services over time. Shopify Seeks Licenses to Push Deeper Into Fintech
• Positive Sentiment: Street price target consensus (~$162.70) sits well above current levels, implying upside if Shopify meets growth and margin expectations. That target can support investor interest despite near-term volatility. Shopify Inc. (NASDAQ:SHOP) Receives $162.70 Consensus Target Price from Analysts
• Positive Sentiment: RBC Capital reiterated Shopify’s growth runway relative to U.S. e?commerce and projects strong revenue and EPS growth, supporting the bullish case among many analysts. Shopify (SHOP) To Continue Growing Ahead of U.S. E-Commerce Market, According to RBC Capital
• Neutral Sentiment: Partners and third-party tools (Bloomreach Loomi, reAlpha AiChat) are launching Shopify-focused AI and conversational-commerce integrations — positive for ecosystem adoption but incremental in near-term financials. Bloomreach Launches Loomi AI for Shopify
• Neutral Sentiment: Coverage pieces and Q1-estimate rundowns are mixed: some bullish retail analyses and long-term theses exist, but high multiples mean expectations are baked in — watch key metrics beyond revenue/EPS in the upcoming print. Exploring Analyst Estimates for Shopify (SHOP) Q1 Earnings
• Negative Sentiment: An influential analyst who issued a lone sell rating ahead of the recent selloff says it’s still too soon to buy, reiterating valuation risk and keeping some investors cautious. Shopify Analyst Who Saw Selloff Coming Says It’s Too Soon to Buy
• Negative Sentiment: Earlier service outages drew attention to platform reliability — transient but a reminder of execution risk for merchants that could pressure sentiment if repeated. Is Shopify down? Shopify status after morning outage

Analyst Ratings Changes

A number of brokerages recently issued reports on SHOP. Evercore set a $135.00 price target on shares of Shopify in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their price objective on shares of Shopify from $191.00 to $166.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Moffett Nathanson upgraded shares of Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Monday, February 9th. TD Securities upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Thursday, February 12th. Finally, ATB Cormark Capital Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.46.

Shopify Trading Down 0.1%

Shares of NASDAQ:SHOP opened at $121.13 on Friday. The firm has a 50 day simple moving average of $122.49 and a 200-day simple moving average of $142.15. The company has a market capitalization of $157.97 billion, a PE ratio of 130.25, a P/E/G ratio of 4.31 and a beta of 2.82. Shopify Inc. has a twelve month low of $88.14 and a twelve month high of $182.19.

About Shopify

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.