Invesco Ltd. Raises Position in Shopify Inc. $SHOP

Invesco Ltd. increased its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,026,193 shares of the software maker’s stock after purchasing an additional 1,252,074 shares during the quarter. Invesco Ltd.’s holdings in Shopify were worth $2,257,796,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SHOP. Vanguard Group Inc. increased its position in Shopify by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock worth $8,158,643,000 after buying an additional 743,803 shares during the last quarter. Norges Bank purchased a new position in shares of Shopify during the 4th quarter valued at $2,611,797,000. Geode Capital Management LLC grew its stake in shares of Shopify by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock worth $2,043,365,000 after acquiring an additional 737,892 shares during the period. Mackenzie Financial Corp grew its stake in shares of Shopify by 9.1% during the 4th quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock worth $1,627,352,000 after acquiring an additional 827,643 shares during the period. Finally, Sands Capital Management LLC increased its holdings in Shopify by 37.0% in the 4th quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock worth $1,530,187,000 after acquiring an additional 2,568,765 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reaffirmed shareholder support at its 2026 annual meeting, with management proposals approved, all director nominees elected, and investors backing the company’s current AI strategy by rejecting a separate AI policy proposal. Shopify (SHOP) Backs Management At 2026 Meeting As Shareholders Reject AI Policy
• Positive Sentiment: Shopify’s expanded US$5 billion share repurchase authorization signals confidence from the board and provides a potential source of support for the stock. What Shopify (SHOP)’s US$5 Billion Buyback and AI Commerce Push Means For Shareholders
• Positive Sentiment: New app ecosystem releases from partners like Bloomreach and Loox highlight continued merchant demand for Shopify-related tools, reinforcing platform engagement and developer activity. New Sidekick Extension in Loomi for Shopify Gives Merchants Instant Search Ranking Visibility
• Neutral Sentiment: Analysts continue to rate Shopify around “Moderate Buy,” suggesting a generally constructive but not overly bullish Street view. Shopify Inc. (NASDAQ:SHOP) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Shopify also disclosed results from its 2026 annual shareholder meeting, another event that mainly confirms governance and capital-allocation decisions already in focus. Shopify Inc.: Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Negative Sentiment: Shopify stock fell notably as part of a broader market move, with investor sentiment likely weighed by the recent decline rather than a single negative operating headline. Shopify (SHOP) Declines More Than Market: Some Information for Investors

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SHOP. Citigroup restated a “market outperform” rating on shares of Shopify in a research note on Thursday. DA Davidson reduced their target price on shares of Shopify from $195.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and issued a $150.00 price target (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. Canaccord Genuity Group lowered their price target on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, BMO Capital Markets dropped their price target on shares of Shopify from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Two equities research 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 stock. According to data from MarketBeat, Shopify has a consensus rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify Stock Performance

Shares of SHOP opened at $108.85 on Friday. The stock’s 50-day simple moving average is $113.40 and its 200 day simple moving average is $130.09. The stock has a market capitalization of $141.25 billion, a price-to-earnings ratio of 107.77, a price-to-earnings-growth ratio of 3.03 and a beta of 2.60. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19.

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

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.