Pinnbrook Capital Management LP Sells 12,669 Shares of Shopify Inc. $SHOP

Pinnbrook Capital Management LP lowered its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 41.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,634 shares of the software maker’s stock after selling 12,669 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Shopify were worth $2,839,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC increased its stake in shares of Shopify by 64.3% in the third quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock valued at $2,812,211,000 after buying an additional 7,403,821 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Shopify by 7,207.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock valued at $184,883,000 after acquiring an additional 1,132,545 shares in the last quarter. Select Equity Group L.P. increased its holdings in shares of Shopify by 92.5% in 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 in the last quarter. Steadfast Capital Management LP acquired a new stake in shares of Shopify in the third quarter valued at approximately $140,930,000. Finally, Vanguard Group Inc. increased its holdings in shares of Shopify by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after purchasing an additional 743,803 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Investor attention remains on Shopify’s AI strategy after a report highlighted Thrive Capital’s $100 million investment and renewed interest in how Shopify is using artificial intelligence across its commerce platform. The coverage suggests investors are looking for AI-driven upside to support Shopify’s valuation. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation
• Positive Sentiment: Shopify’s Q1 earnings call was described as signaling AI-fueled growth, reinforcing the idea that the company may be able to use automation and AI to improve its platform and strengthen its long-term growth story. Shopify Earnings Call Signals AI-Fueled Growth
• Positive Sentiment: Shopify was also recognized by Freshworks as one of the winners in its 2026 Global Customer Awards, which adds to the company’s credibility as a major enterprise customer and may reflect continued use of modern software tools at scale. Loomis Sayles Global Growth Fund Holds Firm on Shopify (SHOP) Beyond AI Narrative
• Neutral Sentiment: Freshworks named Shopify among the winners of its 2026 Global Customer Awards, but the announcement appears more like a customer recognition item than a material business update for investors. Freshworks Announces Winners of the 2026 Global Customer Awards
• Neutral Sentiment: Several articles simply revisit Shopify’s recent earnings results and Q1 performance versus other e-commerce software names, which keeps the stock in focus but does not add a major new catalyst. Q1 Earnings Review: E-commerce Software Stocks Led by Shopify (NASDAQ:SHOP)
• Neutral Sentiment: Shopify was also mentioned in a lifestyle/brand event hosted with Shapellx, which is supportive of visibility but unlikely to move the stock on its own. Shapellx and Shopify Hosted “Power From Within” Event in SoHo, New York

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SHOP shares. TD Securities raised shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Thursday, February 12th. Citigroup lowered their price target on shares of Shopify from $163.00 to $156.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Moffett Nathanson raised shares of Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a report on Monday, February 9th. Canaccord Genuity Group lowered their price target on shares of Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, DZ Bank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average price target of $158.42.

Shopify Stock Performance

Shares of Shopify stock opened at $104.86 on Friday. The firm has a fifty day moving average of $116.82 and a two-hundred day moving average of $136.09. The stock has a market capitalization of $136.07 billion, a price-to-earnings ratio of 103.82, a PEG ratio of 2.94 and a beta of 2.64. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. As a group, research analysts forecast that Shopify Inc. will post 1.36 EPS for the current fiscal 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.