Shopify Inc. $SHOP Holdings Boosted by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. increased its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 92.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,500 shares of the software maker’s stock after acquiring an additional 110,500 shares during the period. GF Fund Management CO. LTD.’s holdings in Shopify were worth $34,255,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SHOP. Knights of Columbus Asset Advisors LLC acquired a new stake in Shopify during the third quarter valued at approximately $4,110,000. Principal Financial Group Inc. boosted its stake in Shopify by 16.3% in the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock valued at $67,006,000 after buying an additional 63,300 shares in the last quarter. Triton Financial Group Inc bought a new stake in Shopify in the third quarter valued at $1,931,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Shopify by 4.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock worth $603,425,000 after acquiring an additional 218,829 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in shares of Shopify by 65.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock valued at $23,557,000 after acquiring an additional 62,743 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reported strong Q4 revenue and profitability metrics—revenue grew ~31% YoY to $3.67B and EPS topped estimates—supporting bullish takeaways on merchant growth and cash generation. Q4/Profitable SaaS Article
• Positive Sentiment: Analysts have moved more positive: Mizuho upgraded SHOP to “outperform” with a $150 PT, TD Securities raised to “buy” with a $159 PT, and Needham reaffirmed a $180 target—these upgrades are driving buy-side interest. Mizuho Upgrade
• Positive Sentiment: Shopify’s commerce tooling is being integrated into major AI platforms (e.g., ChatGPT/Gemini), reinforcing long‑term revenue/engagement narratives tied to AI-enabled merchant services. AI Integration Article
• Neutral Sentiment: Loomis Sayles highlighted high‑quality, long‑growth companies including Shopify in its investor letter—positive signal for institutional interest but not an immediate catalyst. Loomis Sayles Letter
• Neutral Sentiment: Shopify announced a $2 billion buyback authorization; while buybacks can support the stock, analysts and investors are flagging execution risk and potential cash/volatility implications. Buyback Analysis
• Negative Sentiment: Several firms trimmed price targets (UBS to $145, Benchmark to $145, Wedbush/Citizens JMP trimmed targets), and Truist cut to a $110 target—these downgrades/target cuts introduce selling pressure and mixed sentiment among analysts. Price Target Moves Benchmark Cut
• Negative Sentiment: Despite revenue strength, some coverage highlighted margin strain from AI investment and mixed earnings reactions; the post‑earnings pullback reflected investor concerns about valuation and near‑term profitability. Margin Strain Article Post-Earnings Reaction

Shopify Trading Up 1.8%

Shares of NASDAQ:SHOP opened at $112.70 on Friday. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The stock has a market capitalization of $146.72 billion, a P/E ratio of 121.18, a P/E/G ratio of 3.32 and a beta of 2.83. The business has a 50-day moving average price of $150.31 and a two-hundred day moving average price of $150.82.

Analyst Upgrades and Downgrades

SHOP has been the topic of several analyst reports. Evercore ISI set a $135.00 target price on shares of Shopify in a report on Wednesday. Truist Financial dropped their price objective on shares of Shopify from $155.00 to $110.00 and set a “hold” rating for the company in a report on Thursday. Wells Fargo & Company set a $191.00 target price on Shopify and gave the stock an “overweight” rating in a report on Thursday. ATB Cormark Capital Markets raised Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday. Finally, National Bank Financial boosted their price objective on Shopify from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Thirty-one analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.97.

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.