Janus Henderson Group PLC Sells 334,622 Shares of Shopify Inc. $SHOP

Janus Henderson Group PLC lessened its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 7.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,088,788 shares of the software maker’s stock after selling 334,622 shares during the period. Janus Henderson Group PLC’s holdings in Shopify were worth $478,893,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Kingdom Financial Group LLC. purchased a new position in Shopify during the fourth quarter valued at approximately $26,000. Curio Wealth LLC purchased a new stake in Shopify during the fourth quarter worth $27,000. Evolution Wealth Management Inc. boosted its position in Shopify by 203.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Shopify during the 4th quarter valued at $29,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Shopify in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Investor focus remains on Shopify’s second-quarter report, scheduled for August 5. Analysts and Zacks point to favorable earnings momentum and the possibility of a beat, while market participants are anticipating revenue growth in the “high twenties.” Strong guidance, gross merchandise volume, and merchant solutions results could support the stock. Shopify Earnings Expected to Grow
• Positive Sentiment: Shopify is increasingly viewed as an artificial-intelligence commerce beneficiary. Its AI tools cover merchant operations, product discovery, and checkout, while rising AI-driven traffic and orders could strengthen its competitive position versus Meta Platforms. Shopify vs. Meta Platforms
• Positive Sentiment: A broader rotation into enterprise software, helped by lower Treasury yields and renewed confidence that AI spending extends beyond hyperscalers and chipmakers, has provided a favorable backdrop for Shopify and similar technology stocks. Zscaler, Shopify, and PTC Shares
• Neutral Sentiment: New ecosystem developments, including Shopify’s “Built for Shopify” app designation and the DoorDash native sales-channel integration, reinforce platform adoption and merchant reach but offer limited near-term financial data. Shopify and DoorDash Integration
• Negative Sentiment: Criticism of CEO Tobi Lütke over apparent support for giving wealthy shareholders greater voting power introduces a governance overhang, although the immediate financial impact is unclear. Shopify CEO Voting-Power Criticism

Shopify Trading Down 0.9%

Shares of SHOP opened at $129.17 on Thursday. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The stock has a fifty day moving average price of $115.95 and a 200-day moving average price of $120.99. The firm has a market cap of $167.62 billion, a PE ratio of 127.89, a P/E/G ratio of 2.81 and a beta of 2.58.

Analyst Ratings Changes

Several research firms have recently commented on SHOP. Canaccord Genuity Group reduced their price target on Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Shopify in a research report on Monday, July 20th. Zacks Research upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 target price on shares of Shopify in a report on Tuesday, May 5th. Finally, Barclays set a $126.00 price target on shares of Shopify and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Shopify has an average rating of “Moderate Buy” and a consensus target price of $157.69.

About Shopify

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.