Manchester Global Management UK Ltd Purchases New Shares in Shopify Inc. $SHOP

Manchester Global Management UK Ltd purchased a new stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 152,956 shares of the software maker’s stock, valued at approximately $24,621,000. Shopify makes up about 3.3% of Manchester Global Management UK Ltd’s investment portfolio, making the stock its 15th largest position.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Shopify by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after purchasing an additional 743,803 shares in the last quarter. Norges Bank bought a new position in shares of Shopify during the fourth quarter valued at about $2,611,797,000. Geode Capital Management LLC lifted its position in shares of Shopify by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock valued at $2,043,365,000 after purchasing an additional 737,892 shares in the last quarter. Sands Capital Management LLC lifted its position in shares of Shopify by 37.0% during the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock valued at $1,530,187,000 after purchasing an additional 2,568,765 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Shopify by 2.2% during the fourth quarter. TD Asset Management Inc now owns 8,713,762 shares of the software maker’s stock valued at $1,404,790,000 after purchasing an additional 185,252 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

SHOP has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $140.00 price target (down from $150.00) on shares of Shopify in a research report on Tuesday, May 5th. National Bank Financial lowered their price objective on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Shopify in a research report on Tuesday, May 5th. Canaccord Genuity Group lowered their price objective on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Shopify in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.17.

Shopify Stock Performance

Shares of SHOP stock opened at $113.23 on Wednesday. The firm has a market cap of $146.93 billion, a price-to-earnings ratio of 112.11, a P/E/G ratio of 3.15 and a beta of 2.60. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The firm’s 50-day simple moving average is $113.77 and its two-hundred day simple moving average is $130.80.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping the consensus estimate of $0.22 by $998.78. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. Analysts forecast that Shopify Inc. will post 1.36 earnings per share for the current year.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify said its board authorized an additional $3 billion share repurchase, lifting the total buyback authorization to $5 billion. That signals confidence in the company’s cash generation and can support the stock by reducing share count. Is Shopify (SHOP) One of the Best Tech Stocks to Invest In on the Dip?
• Positive Sentiment: Analysts and media coverage continue to highlight Shopify’s AI retail infrastructure potential, with the company using AI tools, commerce data, and shopping-channel integrations to position itself for next-generation retail growth. Is Shopify Building the Future Infrastructure for AI Retail?
• Positive Sentiment: Coverage from Zacks and other outlets notes earnings growth and price strength, reinforcing the view that Shopify remains a stock to watch among momentum investors. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
• Neutral Sentiment: At Shopify’s 2026 annual meeting, shareholders elected all director nominees, reappointed PricewaterhouseCoopers as auditor, and approved executive compensation on an advisory basis. The company also said a shareholder proposal for an AI policy was not approved, which removes some governance uncertainty but is unlikely to be a major stock catalyst. Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Neutral Sentiment: One market commentary put a hold rating on Shopify and suggested limited downside from current levels, reflecting that the stock is still viewed as fairly valued by some observers rather than deeply mispriced. Wall Street Has 38 Buy Ratings on Shopify and One Sell. But We Disagree.
• Negative Sentiment: A shareholder proposal on an AI policy was rejected at the annual meeting, and some coverage has framed this as an ongoing governance issue, though it appears to be a secondary factor versus the buyback and growth narrative. Shopify board fighting shareholder push to create AI policy

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.