BNP Paribas Boosts Stake in Shopify Inc. $SHOP

BNP Paribas increased its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 74.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,490 shares of the software maker’s stock after buying an additional 4,043 shares during the period. BNP Paribas’ holdings in Shopify were worth $1,528,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SHOP. Principal Financial Group Inc. grew its position in shares of Shopify by 16.3% in the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock valued at $67,006,000 after buying an additional 63,300 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Shopify by 65.5% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock worth $23,557,000 after purchasing an additional 62,743 shares during the last quarter. M&T Bank Corp grew its position in Shopify by 37.1% during the 4th quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock worth $13,051,000 after purchasing an additional 21,945 shares during the last quarter. Triasima Portfolio Management inc. boosted its holdings in shares of Shopify by 11.0% in the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock valued at $29,398,000 after acquiring an additional 18,028 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Shopify by 6.7% in the fourth quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock valued at $34,380,000 after acquiring an additional 13,415 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: Shopify authorized an additional $3 billion for share repurchases, increasing total buyback capacity to $5 billion. Buybacks can boost shareholder value by reducing share count and often signal strong free cash flow and confidence in future performance. Article Title
• Positive Sentiment: Recent commentary highlighted improving fundamentals, including expanding margins, accelerating gross merchandise volume, and deeper AI integration across Shopify’s platform, which supports the long-term growth narrative for SHOP. Article Title
• Positive Sentiment: Another note pointed to strong investor interest, with Zacks saying Shopify is a “trending stock,” suggesting the name remains heavily watched by traders looking for a catalyst. Article Title
• Neutral Sentiment: Articles about Shopify Plus enterprise features and Reddit’s expanded Shopify partnership are supportive of the ecosystem, but they do not appear to be direct stock-moving catalysts today. Article Title Article Title
• Negative Sentiment: One article raised concern that higher large language model costs could pressure Subscription Solutions margins even as Shopify’s AI assistant Sidekick grows quickly, which could temper enthusiasm around AI investments if costs keep rising. Article Title

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SHOP shares. Truist Financial set a $150.00 target price on shares of Shopify and gave the company a “buy” rating in a report on Tuesday, February 17th. Cantor Fitzgerald reiterated a “neutral” rating and set a $126.00 price target (down from $181.00) on shares of Shopify in a report on Thursday, February 12th. Wells Fargo & Company lowered their target price on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Canaccord Genuity Group decreased their price objective on shares of Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, TD Cowen raised shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a research report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify Price Performance

SHOP opened at $124.12 on Wednesday. The stock’s 50 day moving average price is $114.75 and its 200 day moving average price is $133.64. The stock has a market cap of $161.07 billion, a P/E ratio of 122.89, a P/E/G ratio of 3.48 and a beta of 2.60. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. Equities analysts anticipate 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.