Shopify Inc. $SHOP Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 692,862 shares of the software maker’s stock, valued at approximately $102,751,000. Mirae Asset Global Investments Co. Ltd. owned 0.05% of Shopify as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Evolution Wealth Management Inc. lifted its position in Shopify by 203.9% during the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Graney & King LLC bought a new stake in Shopify in the 1st quarter worth approximately $27,000. Fortitude Family Office LLC bought a new stake in Shopify in the 3rd quarter worth approximately $29,000. MADDEN SECURITIES Corp bought a new stake in Shopify in the 3rd quarter worth approximately $30,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Shopify in the 3rd quarter worth approximately $32,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SHOP shares. ATB Cormark Capital Markets cut Shopify from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 22nd. Oppenheimer restated an “outperform” rating and issued a $205.00 price target (up from $175.00) on shares of Shopify in a research note on Friday, October 23rd. BTIG Research assumed coverage on Shopify in a report on Friday, July 10th. They issued a “buy” rating for the company. Canaccord Genuity Group set a $180.00 price objective on Shopify and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Phillip Securities downgraded Shopify from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.79.

Shopify Stock Down 5.6%

Shares of SHOP stock opened at $157.49 on Friday. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $180.88. The stock has a market cap of $202.63 billion, a P/E ratio of 106.41, a P/E/G ratio of 3.25 and a beta of 2.62. The company has a 50 day simple moving average of $152.78 and a two-hundred day simple moving average of $130.26.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $3.58 billion for the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 EPS. On average, research analysts expect that Shopify Inc. will post 1.46 earnings per share for the current year.

Shopify Company Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.