Shopify Inc. $SHOP Holdings Lifted by Calamos Advisors LLC

Calamos Advisors LLC increased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 77.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,855 shares of the software maker’s stock after acquiring an additional 31,251 shares during the period. Calamos Advisors LLC’s holdings in Shopify were worth $8,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Planning Group LLC acquired a new stake in Shopify in the 1st quarter valued at about $481,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of Shopify by 6.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 8,234 shares of the software maker’s stock worth $977,000 after purchasing an additional 465 shares during the last quarter. Bedel Financial Consulting Inc. grew its stake in shares of Shopify by 3.2% in the 1st quarter. Bedel Financial Consulting Inc. now owns 3,250 shares of the software maker’s stock worth $386,000 after purchasing an additional 100 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Shopify by 4.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 16,799 shares of the software maker’s stock worth $1,993,000 after purchasing an additional 686 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC raised its holdings in shares of Shopify by 3.1% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker’s stock worth $328,000 after purchasing an additional 84 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies upgraded Shopify to Buy and lifted its price target to $160, citing early signs of strength in Q2, a reworked partner program, and potential pricing power as Shopify benefits from “agentic commerce.” Article Title
• Positive Sentiment: Stifel and Bank of America also recently turned more constructive on the stock, adding to the view that SHOP may be re-rating after a weak year-to-date stretch. Article Title
• Positive Sentiment: Zacks upgraded Shopify to Strong Buy, reflecting improving optimism around earnings prospects and the company’s ability to rebound from the recent pullback. Article Title
• Positive Sentiment: Coverage highlighted Shopify’s growing role in payments infrastructure and its position as a core platform for AI-driven and “agentic” commerce, reinforcing the long-term bull case. Article Title
• Neutral Sentiment: DoorDash launched a native Shopify App Store integration for local retailers, which expands merchant functionality on Shopify but is more of a partnership update than a direct earnings catalyst. Article Title
• Neutral Sentiment: Recent commentary also noted Shopify’s earlier share-price weakness, slower growth, and AI-related costs, which temper enthusiasm even as sentiment improves. Article Title

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SHOP shares. Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of Shopify in a report on Tuesday, May 5th. DA Davidson dropped their price target on Shopify from $195.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Susquehanna assumed coverage on Shopify in a research note on Friday. They set a “neutral” rating for the company. Finally, Citigroup lowered Shopify from a “market outperform” rating to a “neutral” rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and an average target price of $157.58.

Shopify Stock Up 0.8%

SHOP opened at $125.68 on Wednesday. The stock has a fifty day moving average of $111.57 and a 200-day moving average of $124.31. The firm has a market capitalization of $163.09 billion, a P/E ratio of 124.44, a PEG ratio of 2.71 and a beta of 2.58. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19.

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.