Munich Reinsurance Co Stock Corp in Munich Reduces Stake in Shopify Inc. $SHOP

Munich Reinsurance Co Stock Corp in Munich lessened its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 97.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,015 shares of the software maker’s stock after selling 38,359 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Shopify were worth $120,000 at the end of the most recent reporting period.

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

Shopify Stock Performance

SHOP stock opened at $123.17 on Friday. The firm has a market cap of $159.83 billion, a PE ratio of 121.95, a P/E/G ratio of 2.59 and a beta of 2.58. The firm’s fifty day moving average is $111.09 and its 200 day moving average is $125.26. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of Shopify from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and set a $150.00 price objective (down from $165.00) on shares of Shopify in a research note on Tuesday, May 5th. National Bank Financial decreased their price objective on Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, May 27th. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of Shopify in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price on shares of Shopify in a report on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.03.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Zacks Research upgraded Shopify from hold to strong-buy, adding to bullish sentiment around the stock’s growth outlook and valuation support. Zacks upgrade coverage
• Positive Sentiment: Bank of America reinstated Shopify with a Buy rating and a $150 price target, citing potential benefits from AI-driven “agentic commerce,” international expansion, and enterprise adoption. Shopify reinstated at Bank of America with Buy rating
• Positive Sentiment: Several recent articles frame Shopify as a top software/internet name for 2026, with AI-led commerce and platform innovation seen as key growth drivers. Internet stocks with upside potential
• Neutral Sentiment: Shopify announced it will report second-quarter 2026 results on August 5, which keeps attention on upcoming execution but does not yet change fundamentals. Shopify to Announce Second-Quarter 2026 Financial Results
• Neutral Sentiment: Some commentary remains cautious, with articles arguing Shopify’s valuation is still expensive even though the business quality remains strong. Shopify valuation article
• Negative Sentiment: One report highlighted pressure from a governance change after an audit committee chair resigned, and the stock has also been sensitive to broader selloffs in richly valued tech names. Governance and valuation pressure

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.