Ninepoint Partners LP Invests $6.30 Million in Shopify Inc. $SHOP

Ninepoint Partners LP acquired a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 42,412 shares of the software maker’s stock, valued at approximately $6,303,000. Shopify accounts for approximately 0.8% of Ninepoint Partners LP’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHOP. Financial Gravity Companies Inc. acquired a new stake in shares of Shopify in the second quarter valued at $27,000. Rothschild Investment LLC boosted its holdings in Shopify by 47.5% during the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Heartwood Wealth Advisors LLC acquired a new position in Shopify in the 3rd quarter valued at about $27,000. Estabrook Capital Management purchased a new stake in Shopify during the second quarter worth about $29,000. Finally, Access Investment Management LLC purchased a new position in shares of Shopify in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Large buyback and AI roadmap — Shopify announced a US$2 billion share buyback and introduced agentic storefronts plus the Universal Commerce Protocol, signaling aggressive capital return and a push to embed AI into merchants’ stacks, which can support revenue and margin expansion over time. Shopify Buyback And AI Push Test Valuation And Growth Expectations
• Positive Sentiment: GMV growth and AI integration — Portfolio commentary and independent coverage point to reaccelerating GMV coupled with deeper AI integration, reinforcing the case that product-led improvements are translating into merchant activity and payment/fulfillment revenue. Shopify (SHOP) GMV Growth Reaccelerates as AI Integration Strengthens Investment Case
• Neutral Sentiment: Industry AI tooling evolution — Third‑party AI imaging and product-fidelity advances (Rewarx Studio) highlight broader e‑commerce tooling improvements that benefit platforms like Shopify indirectly; helpful for merchant UX but not an immediate revenue catalyst. How Rewarx Studio AI is Solving the Fidelity Crisis in AI Product Photography: A Data-Driven Leap Across Global E-commerce Brands
• Neutral Sentiment: Investor interest and coverage — Multiple retail analyst/coverage pieces (Zacks, Seeking Alpha comparisons) are driving attention and search volume; these increase liquidity and volatility but offer mixed buy/sell signals. Is Trending Stock Shopify Inc. (SHOP) a Buy Now?
• Negative Sentiment: Analyst price-target cut and valuation pressure — Jefferies lowered its price target (from $160 to $125), citing softer software-sector multiples and valuation risk; with SHOP trading well above its 52‑week low and still a high P/E, this weighs on near-term sentiment. Shopify Inc’s (SHOP) Target Price Lowered Amid Lower Software Valuation Concerns
• Negative Sentiment: Profit-taking after recent run and technicals — The stock’s drop comes amid a recent run-up, lower intraday volume versus average, and price sitting below its 50- and 200-day moving averages, which can trigger momentum-driven selling. Why Shopify (SHOP) Stock Is Up Today

Shopify Stock Down 4.1%

SHOP stock opened at $120.73 on Friday. The business has a 50 day moving average price of $141.56 and a 200 day moving average price of $149.63. The stock has a market cap of $157.17 billion, a price-to-earnings ratio of 129.82, a PEG ratio of 4.59 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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SHOP shares. Benchmark reduced their target price on shares of Shopify from $195.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Evercore set a $135.00 price objective on Shopify in a research note on Wednesday, February 11th. Barclays set a $130.00 target price on Shopify and gave the company an “equal weight” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a research note on Monday, December 29th. Finally, BMO Capital Markets set a $160.00 price target on Shopify in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.64.

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.