PFG Advisors Has $1.05 Million Stake in Shopify Inc. $SHOP

PFG Advisors decreased its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 39.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,489 shares of the software maker’s stock after selling 4,299 shares during the period. PFG Advisors’ holdings in Shopify were worth $1,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its position in Shopify by 64.3% during the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after acquiring an additional 7,403,821 shares during the last quarter. Select Equity Group L.P. raised its stake in Shopify by 92.5% in the 2nd quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock valued at $259,124,000 after acquiring an additional 1,079,494 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Shopify by 21.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,536,825 shares of the software maker’s stock valued at $822,828,000 after acquiring an additional 973,132 shares during the period. Steadfast Capital Management LP acquired a new stake in shares of Shopify during the third quarter worth $140,930,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Shopify by 1,593.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 677,511 shares of the software maker’s stock valued at $109,069,000 after buying an additional 637,494 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Trading Down 5.9%

Shares of NASDAQ SHOP opened at $124.23 on Friday. Shopify Inc. has a 12 month low of $88.14 and a 12 month high of $182.19. The firm has a market capitalization of $162.01 billion, a price-to-earnings ratio of 133.58, a PEG ratio of 4.69 and a beta of 2.82. The business has a 50-day moving average of $121.89 and a 200-day moving average of $143.48.

Wall Street Analyst Weigh In

SHOP has been the topic of several analyst reports. TD Securities upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Thursday, February 12th. Needham & Company LLC restated a “buy” rating and issued a $180.00 price target on shares of Shopify in a research report on Thursday, February 12th. Stifel Nicolaus set a $115.00 price target on Shopify and gave the stock a “hold” rating in a report on Wednesday, February 11th. Truist Financial set a $150.00 price target on shares of Shopify and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Piper Sandler began coverage on Shopify in a research note on Thursday, March 12th. They issued an “overweight” rating and a $165.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $162.70.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Partnership & AI focus — Shopify’s Avenue Z Platinum partnership highlights expanding AI commerce offerings that could lift merchant ARPU and strengthen the company’s long-term growth narrative. Read More.
• Positive Sentiment: Analyst/earnings optimism — RBC and other analysts expect Q1 results and Q2 guidance to come in ahead of consensus, which could provide an earnings catalyst if confirmed. Read More.
• Positive Sentiment: Bullish analyst sentiment & price targets — Several firms (e.g., CIBC reiteration) maintain Outperform/Buy ratings with mid-to-high targets, suggesting upside if execution continues. Read More.
• Neutral Sentiment: Product momentum — Coverage notes Shopify’s tools reshaping dropshipping and conversion-rate optimization, supporting longer-term merchant value but unlikely to move the stock immediately. Read More.
• Neutral Sentiment: Institutional positioning / hedge fund turnover — Reports show large, mixed institutional flows into and out of SHOP; these position shifts can amplify volatility but aren’t new fundamental signals. Read More.
• Negative Sentiment: Pre-earnings de-risking & valuation pressure — Traders appear to be trimming exposure in high-multiple, higher-beta names ahead of earnings, producing outsized one-day moves in SHOP. Read More.
• Negative Sentiment: Bearish options flow — Elevated put activity and above-normal put/call ratios ahead of the report indicate some traders are explicitly betting on a downside move into earnings. Read More.
• Negative Sentiment: Broader market weakness hits high-beta names — A general pullback in U.S. equities is pressuring growth stocks like Shopify, magnifying declines even without company-specific negative news. Read More.

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.