Candriam S.C.A. Decreases Stake in Shopify Inc. $SHOP

Candriam S.C.A. lessened its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 31.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,388 shares of the software maker’s stock after selling 43,617 shares during the period. Candriam S.C.A.’s holdings in Shopify were worth $11,282,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Shopify during the fourth quarter worth $2,611,797,000. Sands Capital Management LLC raised its stake in Shopify by 37.0% in the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock valued at $1,530,187,000 after buying an additional 2,568,765 shares in the last quarter. Invesco Ltd. raised its stake in Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after buying an additional 1,252,074 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Shopify by 7,207.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock worth $184,883,000 after buying an additional 1,132,545 shares during the last quarter. Finally, Select Equity Group L.P. lifted its holdings in Shopify by 92.5% during the 2nd quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock worth $259,124,000 after buying an additional 1,079,494 shares during the last quarter. 69.27% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bank of America said Shopify is a major AI winner, reinforcing the view that the company could benefit as merchants adopt AI tools to improve sales, marketing, and checkout performance. Bank of America argues Shopify is a major AI winner
• Positive Sentiment: Zacks upgraded Shopify from hold to strong-buy, and other research notes highlighted earnings growth and price strength, adding to bullish sentiment around the stock. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
• Neutral Sentiment: Shopify is also showing up on trending-stock lists and analyst-call roundups, suggesting elevated investor attention, but these items are more about visibility than a direct business catalyst. Shopify Inc. (SHOP) Is a Trending Stock
• Neutral Sentiment: Investors are also watching for Shopify’s Q2 2026 results on August 5, which could become a bigger driver once earnings are closer. This Week In E-Commerce – Shopify’s Q2 2026 Financial Results Announcement Insights
• Negative Sentiment: Shopify remains a richly valued stock, with several recent articles questioning whether the current price is hard to justify, which may limit upside and keep volatility high. Shopify: Great Company, Impossible Valuation
• Negative Sentiment: There was also recent weakness in the broader tech market, and Shopify had already declined in a prior session, showing that macro pressure and high valuation can still weigh on the shares. HubSpot, Q2 Holdings, and Shopify Shares Plummet, What You Need To Know

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group reaffirmed a “neutral” rating on shares of Shopify in a research report on Thursday, May 28th. BMO Capital Markets assumed coverage on Shopify in a research report on Friday. They set a “market perform” rating on the stock. Weiss Ratings cut Shopify from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Citizens Jmp lowered their price target on Shopify from $160.00 to $150.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $175.00 price target on shares of Shopify in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.58.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $122.54 on Monday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The stock has a 50 day moving average of $111.12 and a two-hundred day moving average of $124.93. The stock has a market cap of $159.02 billion, a P/E ratio of 121.33, a P/E/G ratio of 2.66 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.