Shopify Inc. $SHOP Holdings Decreased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 96.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,871 shares of the software maker’s stock after selling 45,015 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Shopify were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SHOP. Jennison Associates LLC raised its stake in shares of Shopify by 64.3% during 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 purchasing an additional 7,403,821 shares in the last quarter. Select Equity Group L.P. raised its stake in shares of Shopify by 92.5% during 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. Massachusetts Financial Services Co. MA raised its stake in shares of Shopify by 21.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,536,825 shares of the software maker’s stock valued at $822,828,000 after purchasing an additional 973,132 shares in the last quarter. Steadfast Capital Management LP bought a new stake in shares of Shopify during the third quarter valued at about $140,930,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Shopify by 1,593.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 677,511 shares of the software maker’s stock valued at $109,069,000 after purchasing an additional 637,494 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Partnership & AI focus — Shopify’s Avenue Z Platinum partnership highlights expanding AI commerce offerings that could lift merchant ARPU and strengthen the company’s long-term growth narrative. Read More.
• Positive Sentiment: Analyst/earnings optimism — RBC and other analysts expect Q1 results and Q2 guidance to come in ahead of consensus, which could provide an earnings catalyst if confirmed. Read More.
• Positive Sentiment: Bullish analyst sentiment & price targets — Several firms (e.g., CIBC reiteration) maintain Outperform/Buy ratings with mid-to-high targets, suggesting upside if execution continues. Read More.
• Neutral Sentiment: Product momentum — Coverage notes Shopify’s tools reshaping dropshipping and conversion-rate optimization, supporting longer-term merchant value but unlikely to move the stock immediately. Read More.
• Neutral Sentiment: Institutional positioning / hedge fund turnover — Reports show large, mixed institutional flows into and out of SHOP; these position shifts can amplify volatility but aren’t new fundamental signals. Read More.
• Negative Sentiment: Pre-earnings de-risking & valuation pressure — Traders appear to be trimming exposure in high-multiple, higher-beta names ahead of earnings, producing outsized one-day moves in SHOP. Read More.
• Negative Sentiment: Bearish options flow — Elevated put activity and above-normal put/call ratios ahead of the report indicate some traders are explicitly betting on a downside move into earnings. Read More.
• Negative Sentiment: Broader market weakness hits high-beta names — A general pullback in U.S. equities is pressuring growth stocks like Shopify, magnifying declines even without company-specific negative news. Read More.

Shopify Price Performance

Shares of SHOP opened at $124.23 on Friday. The firm’s 50 day moving average is $121.89 and its 200-day moving average is $143.48. The stock has a market capitalization of $162.01 billion, a P/E ratio of 133.58, a P/E/G ratio of 4.69 and a beta of 2.82. Shopify Inc. has a 12-month low of $88.14 and a 12-month high of $182.19.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SHOP. Robert W. Baird set a $160.00 price target on shares of Shopify in a report on Thursday, February 12th. Canaccord Genuity Group set a $165.00 price objective on shares of Shopify and gave the stock a “buy” rating in a research note on Thursday, February 12th. Citizens Jmp lowered their price objective on shares of Shopify from $200.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Thursday, February 12th. TD Securities raised shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Shopify in a research note on Friday, March 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.70.

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.