AGF Management Ltd. Has $19.33 Million Holdings in Shopify Inc. $SHOP

AGF Management Ltd. reduced its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 24.7% in the third quarter, HoldingsChannel reports. The firm owned 129,131 shares of the software maker’s stock after selling 42,396 shares during the period. AGF Management Ltd.’s holdings in Shopify were worth $19,331,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in Shopify in the 2nd quarter valued at about $27,000. Rothschild Investment LLC grew its stake in Shopify by 47.5% in the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Heartwood Wealth Advisors LLC bought a new stake in Shopify in the third quarter worth about $27,000. Tradewinds Capital Management LLC raised its holdings in shares of Shopify by 71.4% in the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after purchasing an additional 100 shares during the period. Finally, Estabrook Capital Management purchased a new stake in Shopify in the 2nd quarter worth about $29,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analysts at Seeking Alpha upgraded SHOP to a Buy ahead of Q4 2025, arguing Shopify’s AI and “agentic commerce” initiatives could re-accelerate revenue and expand addressable market; management’s Q4 guidance (25–29% sales growth, 20–25% gross profit growth) is positioned to be beatable, supporting upside expectations. Upgrading Shopify On Agentic Commerce Inflection Point (Earnings Preview)
• Positive Sentiment: Arete Research moved SHOP from Neutral to Buy, adding upward analyst momentum to the stock after the recent pullback; analyst upgrades can prompt short-term buying interest. Finviz
• Positive Sentiment: Technical analysts note Shopify bounced off a near six‑month trendline during the recent pullback, suggesting a potential extension of the bounce if that support holds — a constructive setup for traders looking for mean reversion. Shopify Stock Could Extend a Bounce Off This Trendline
• Positive Sentiment: Broader market strength and improved macro data (better manufacturing prints and strong Q4 earnings across sectors) provide a tailwind that can lift high‑beta, growth names like SHOP alongside the market rebound. Market Indexes Bounce Back to Start a New Trading Week
• Neutral Sentiment: The Information’s coverage of AI shopping competition outlines industry shifts (rival alliances vs. Amazon); this is a strategic backdrop that could benefit Shopify over time but does not create immediate earnings certainty. In AI Shopping Wars, Rivals Team Up to Take On Amazon
• Neutral Sentiment: Sector/style pieces and comparative analyses (e.g., AmericanBankingNews) are weighing SHOP relative to peers; useful for context but unlikely to move price materially on their own. Analyzing MiX Telematics (NYSE:MIXT) and Shopify (NASDAQ:SHOP)
• Neutral Sentiment: Public comments from co‑founder Tobi Lütke (human interest/leadership tone) are notable for governance/culture context but are unlikely to change near‑term fundamentals. ‘Companies Cocoon Them,’ Shopify Co-Founder Tobi Lütke Says—Why Ex-Entrepreneurs Get Pushed To The ‘Outskirts’ Instead Of Promoted
• Negative Sentiment: A bearish Forbes piece argues for selling SHOP around $130 after a ~22% drop since early January, highlighting downside risk and short-term momentum concerns — a narrative that can amplify selling pressure and volatility. Sell Shopify Stock At $130?

Shopify Stock Performance

Shares of NASDAQ:SHOP opened at $132.20 on Tuesday. The business has a 50-day simple moving average of $157.91 and a two-hundred day simple moving average of $151.57. The firm has a market cap of $172.10 billion, a price-to-earnings ratio of 97.93, a price-to-earnings-growth ratio of 3.87 and a beta of 2.83. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. As a group, research analysts predict that Shopify Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

SHOP has been the topic of several analyst reports. TD Securities upgraded Shopify to a “hold” rating in a research report on Thursday, December 4th. Citigroup reaffirmed a “market outperform” rating on shares of Shopify in a research note on Thursday, December 4th. Wolfe Research raised shares of Shopify from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 6th. Jefferies Financial Group restated a “hold” rating on shares of Shopify in a research report on Tuesday. Finally, Arete Research set a $175.00 target price on Shopify in a research note on Monday. Twenty-five investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, Shopify has an average rating of “Moderate Buy” and an average price target of $171.70.

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.