CIBC Asset Management Inc Has $691.40 Million Stock Holdings in Shopify Inc. $SHOP

CIBC Asset Management Inc lessened its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 4,280,528 shares of the software maker’s stock after selling 79,585 shares during the quarter. Shopify accounts for 1.7% of CIBC Asset Management Inc’s holdings, making the stock its 13th largest position. CIBC Asset Management Inc’s holdings in Shopify were worth $691,401,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Shopify in the 4th quarter valued at approximately $2,611,797,000. Thrivent Financial for Lutherans grew its holdings in shares of 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 valued at $184,883,000 after purchasing an additional 1,132,545 shares during the last quarter. Select Equity Group L.P. increased its position 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 purchasing an additional 1,079,494 shares in the last quarter. Steadfast Capital Management LP acquired a new position in Shopify during the 3rd quarter worth approximately $140,930,000. Finally, Vanguard Group Inc. increased its position in Shopify by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock worth $8,158,643,000 after purchasing an additional 743,803 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SHOP shares. Citizens Jmp lowered their price objective on shares of Shopify from $160.00 to $150.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. TD Securities upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Thursday, February 12th. TD Cowen upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research report on Wednesday, February 11th. Stifel Nicolaus set a $115.00 price objective on Shopify and gave the company a “hold” rating in a report on Wednesday, February 11th. Finally, DZ Bank raised 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 assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.17.

Shopify Stock Performance

Shares of SHOP opened at $124.12 on Wednesday. The company has a market capitalization of $161.07 billion, a PE ratio of 122.89, a PEG ratio of 3.48 and a beta of 2.60. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The stock’s 50-day moving average price is $114.75 and its two-hundred day moving average price is $133.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. Equities research analysts predict that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify authorized an additional $3 billion for share repurchases, increasing total buyback capacity to $5 billion. Buybacks can boost shareholder value by reducing share count and often signal strong free cash flow and confidence in future performance. Article Title
• Positive Sentiment: Recent commentary highlighted improving fundamentals, including expanding margins, accelerating gross merchandise volume, and deeper AI integration across Shopify’s platform, which supports the long-term growth narrative for SHOP. Article Title
• Positive Sentiment: Another note pointed to strong investor interest, with Zacks saying Shopify is a “trending stock,” suggesting the name remains heavily watched by traders looking for a catalyst. Article Title
• Neutral Sentiment: Articles about Shopify Plus enterprise features and Reddit’s expanded Shopify partnership are supportive of the ecosystem, but they do not appear to be direct stock-moving catalysts today. Article Title Article Title
• Negative Sentiment: One article raised concern that higher large language model costs could pressure Subscription Solutions margins even as Shopify’s AI assistant Sidekick grows quickly, which could temper enthusiasm around AI investments if costs keep rising. Article Title

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.