Altshuler Shaham Ltd Buys New Holdings in Shopify Inc. $SHOP

Altshuler Shaham Ltd bought a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 377,648 shares of the software maker’s stock, valued at approximately $60,790,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its holdings in Shopify by 37.1% during the 4th quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock worth $13,051,000 after purchasing an additional 21,945 shares in the last quarter. Triasima Portfolio Management inc. increased its holdings in Shopify by 11.0% during the 4th quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock worth $29,398,000 after purchasing an additional 18,028 shares in the last quarter. Assetmark Inc. increased its holdings in Shopify by 6.7% during the 4th quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock worth $34,380,000 after purchasing an additional 13,415 shares in the last quarter. SG Americas Securities LLC increased its holdings in Shopify by 286.6% during the 4th quarter. SG Americas Securities LLC now owns 508,723 shares of the software maker’s stock worth $81,889,000 after purchasing an additional 377,129 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Shopify by 12.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,114 shares of the software maker’s stock worth $84,689,000 after purchasing an additional 59,745 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Shopify Stock Down 4.5%

Shares of NASDAQ SHOP opened at $108.09 on Thursday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The stock’s 50 day moving average price is $113.56 and its 200-day moving average price is $130.44. The company has a market capitalization of $140.26 billion, a PE ratio of 107.02, a PEG ratio of 3.17 and a beta of 2.60.

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

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify shareholders approved all director nominees and reappointed PricewaterhouseCoopers as auditor at the 2026 annual meeting, while also backing executive compensation and rejecting a proposed AI policy, which supports management’s current AI strategy. Article title
• Positive Sentiment: Shopify’s $5 billion buyback authorization remains a bullish signal for investors because it gives the company flexibility to repurchase shares and support per-share value. Article title
• Positive Sentiment: Bloomreach launched a new Sidekick extension for its Loomi for Shopify app, adding instant search-ranking visibility for merchants and reinforcing Shopify’s expanding AI/app ecosystem. Article title
• Positive Sentiment: Loox launched Reviewers.com, a product-sampling platform built exclusively for Shopify brands, highlighting continued third-party product development around the Shopify merchant base. Article title
• Neutral Sentiment: Shopify announced the results of its 2026 annual meeting, but the filing itself does not indicate a major new catalyst for the stock beyond the governance outcome. Article title
• Negative Sentiment: Despite supportive strategic news, Shopify has still been trading lower, suggesting investors may be taking profits or focusing on valuation after a strong run. Article title

Analyst Ratings Changes

SHOP has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their price objective on Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. 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 reissued a “buy” rating and set a $180.00 price objective on shares of Shopify in a report on Tuesday, May 5th. BMO Capital Markets decreased their price objective on Shopify from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Finally, Citigroup cut their target price on Shopify from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.17.

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.