K.J. Harrison & Partners Inc Has $3.96 Million Stock Position in Shopify Inc. $SHOP

K.J. Harrison & Partners Inc lessened its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 51.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,527 shares of the software maker’s stock after selling 25,700 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Shopify were worth $3,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC purchased a new position in Shopify during the third quarter valued at approximately $4,110,000. Principal Financial Group Inc. grew its holdings in shares of Shopify by 16.3% during the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock valued at $67,006,000 after acquiring an additional 63,300 shares in the last quarter. Triton Financial Group Inc acquired a new position in shares of Shopify in the third quarter worth $1,931,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Shopify by 65.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock worth $23,557,000 after acquiring an additional 62,743 shares in the last quarter. Finally, Triasima Portfolio Management inc. boosted its position in Shopify by 11.0% during the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock valued at $29,398,000 after purchasing an additional 18,028 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Q1 results beat on top-line and GMV: Shopify reported revenue up ~34% to $3.17B, GMV topped $100B and AI-driven traffic/orders grew sharply — evidence demand and engagement remain strong. Read More.
• Positive Sentiment: Major analyst support remains: RBC reaffirmed an Outperform stance with a $170 price target, showing some desks still view the pullback as a buying opportunity. Read More.
• Neutral Sentiment: Mixed analyst target adjustments — several firms trimmed targets but kept buy/outperform ratings (Canaccord to $145, BMO to $145, Wells Fargo to $144, DA Davidson to $140) — signals optimism remains but expectations for near-term growth/profitability were dialed back. Read More. Read More. Read More. Read More.
• Neutral Sentiment: Some firms still very bullish (Citigroup set a new $156 PT; Needham reaffirmed $180), so street views are diverging — this keeps volatility likely as investors weigh growth vs. margin risks. Read More.
• Negative Sentiment: Guidance and profitability worries drove the selloff: despite beats, Shopify’s outlook (Q2 revenue/operating income commentary) and higher AI-related costs signaled slower forward growth and margin pressure, prompting a sharp drop in shares. Read More.
• Negative Sentiment: Market narrative: analysts and media highlight a “mixed” quarter — strong topline but a sizeable loss/miss on operating profit and a lukewarm forecast — which undercut investor confidence and amplified the decline. Read More.

Shopify Trading Down 2.0%

Shares of SHOP opened at $105.44 on Thursday. Shopify Inc. has a 1 year low of $88.14 and a 1 year high of $182.19. The stock has a 50 day simple moving average of $121.87 and a 200-day simple moving average of $141.28. The stock has a market cap of $137.51 billion, a PE ratio of 104.40, a PEG ratio of 3.83 and a beta of 2.64.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Shopify had a return on equity of 12.03% and a net margin of 10.77%. On average, sell-side analysts forecast that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target on shares of Shopify in a research note on Wednesday. BMO Capital Markets decreased their target price on Shopify from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday. Wedbush dropped their price target on shares of Shopify from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, February 12th. Canaccord Genuity Group dropped their target price on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Scotiabank raised shares of Shopify from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $165.00 to $200.00 in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Shopify currently has an average rating of “Moderate Buy” and a consensus price target of $158.42.

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.