Investment Management Corp of Ontario Grows Stock Position in Shopify Inc. $SHOP

Investment Management Corp of Ontario boosted its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 70.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 254,488 shares of the software maker’s stock after acquiring an additional 105,051 shares during the quarter. Shopify comprises about 0.5% of Investment Management Corp of Ontario’s holdings, making the stock its 26th largest holding. Investment Management Corp of Ontario’s holdings in Shopify were worth $40,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingdom Financial Group LLC. purchased a new position in Shopify in the 4th quarter worth approximately $26,000. Curio Wealth LLC purchased a new position in shares of Shopify during the 4th quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shopify during the 4th quarter valued at approximately $29,000. Lodestone Wealth Management LLC purchased a new position in shares of Shopify during the 4th quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Shopify by 82.4% during the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock valued at $31,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Trading Down 4.5%

SHOP stock opened at $108.09 on Thursday. The firm has a market cap of $140.26 billion, a P/E ratio of 107.02, a P/E/G ratio of 3.17 and a beta of 2.60. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19. The stock’s 50 day simple moving average is $113.56 and its 200 day simple moving average is $130.44.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.07% and a net margin of 10.77%. On average, research analysts forecast that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group reiterated a “neutral” rating on shares of Shopify in a research note on Thursday, May 28th. Jefferies Financial Group reiterated a “hold” rating and set a $140.00 target price (down from $150.00) on shares of Shopify in a research note on Tuesday, May 5th. Robert W. Baird set a $150.00 target price on Shopify in a research note on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of Shopify in a research note on Wednesday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $150.00 target price (down from $165.00) on shares of Shopify in a research note on Tuesday, May 5th. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.17.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify shareholders approved all director nominees and reappointed PricewaterhouseCoopers as auditor at the 2026 annual meeting, while also backing executive compensation and rejecting a proposed AI policy, which supports management’s current AI strategy. Article title
• Positive Sentiment: Shopify’s $5 billion buyback authorization remains a bullish signal for investors because it gives the company flexibility to repurchase shares and support per-share value. Article title
• Positive Sentiment: Bloomreach launched a new Sidekick extension for its Loomi for Shopify app, adding instant search-ranking visibility for merchants and reinforcing Shopify’s expanding AI/app ecosystem. Article title
• Positive Sentiment: Loox launched Reviewers.com, a product-sampling platform built exclusively for Shopify brands, highlighting continued third-party product development around the Shopify merchant base. Article title
• Neutral Sentiment: Shopify announced the results of its 2026 annual meeting, but the filing itself does not indicate a major new catalyst for the stock beyond the governance outcome. Article title
• Negative Sentiment: Despite supportive strategic news, Shopify has still been trading lower, suggesting investors may be taking profits or focusing on valuation after a strong run. Article title

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.