Rep. Jonathan L. Jackson Sells Off Shares of Shopify Inc. (NASDAQ:SHOP)

Representative Jonathan L. Jackson (Democratic-Illinois) recently sold shares of Shopify Inc. (NASDAQ:SHOP). In a filing disclosed on February 23rd, the Representative disclosed that they had sold between $50,001 and $100,000 in Shopify stock on January 30th. The trade occurred in the Representative’s “MORGAN STANLEY TRUST ACCOUNT” account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of GE Vernova (NYSE:GEV) on 1/30/2026.
• Purchased $15,001 – $50,000 in shares of Citigroup (NYSE:C) on 1/30/2026.
• Sold $15,001 – $50,000 in shares of Coupang (NYSE:CPNG) on 1/22/2026.
• Purchased $50,001 – $100,000 in shares of Viasat (NASDAQ:VSAT) on 1/22/2026.
• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 1/20/2026.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/20/2026.
• Sold $15,001 – $50,000 in shares of Palantir Technologies (NASDAQ:PLTR) on 1/16/2026.
• Purchased $50,001 – $100,000 in shares of Walmart (NASDAQ:WMT) on 1/13/2026.
• Sold $50,001 – $100,000 in shares of T-Mobile US (NASDAQ:TMUS) on 1/13/2026.
• Sold $15,001 – $50,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 12/22/2025.

Shopify Stock Performance

Shares of Shopify stock opened at $120.24 on Thursday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The company has a market capitalization of $156.53 billion, a P/E ratio of 129.29, a P/E/G ratio of 4.26 and a beta of 2.83. The company has a fifty day moving average of $143.35 and a 200 day moving average of $149.98.

Hedge Funds Weigh In On Shopify

A number of institutional investors and hedge funds have recently made changes to their positions in SHOP. Brighton Jones LLC raised its stake in shares of Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after acquiring an additional 584 shares during the period. AQR Capital Management LLC grew its holdings in Shopify by 107.3% during the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after purchasing an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Shopify by 6.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock valued at $945,000 after purchasing an additional 506 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Shopify by 407.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 980 shares of the software maker’s stock worth $113,000 after purchasing an additional 787 shares during the period. Finally, Ethic Inc. bought a new stake in Shopify in the second quarter worth about $230,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SHOP has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Shopify in a research report on Wednesday, November 5th. Truist Financial set a $150.00 price objective on shares of Shopify and gave the company a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a report on Monday, December 29th. Jefferies Financial Group set a $125.00 target price on shares of Shopify and gave the stock a “hold” rating in a research report on Monday, February 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of Shopify in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.64.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois’ 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois’ 1st Congressional District. He declared candidacy for the 2026 election.

Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson’s career experience includes working as an investment analyst and an entrepreneur.

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.