Shopify Inc. $SHOP Shares Acquired by TIAA Trust National Association

TIAA Trust National Association grew its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 1,969.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,348 shares of the software maker’s stock after buying an additional 82,176 shares during the quarter. TIAA Trust National Association’s holdings in Shopify were worth $12,832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Heartwood Wealth Advisors LLC acquired a new stake in Shopify in the third quarter worth approximately $27,000. Rothschild Investment LLC lifted its holdings in shares of Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after buying an additional 75 shares during the period. Financial Gravity Companies Inc. bought a new position in Shopify during the second quarter valued at about $27,000. Estabrook Capital Management acquired a new position in Shopify during the second quarter worth about $29,000. Finally, Cornerstone Planning Group LLC raised its position in Shopify by 104.9% in the third quarter. Cornerstone Planning Group LLC now owns 250 shares of the software maker’s stock worth $37,000 after acquiring an additional 128 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Stock Performance

SHOP stock opened at $120.73 on Friday. The firm has a 50 day simple moving average of $141.56 and a 200 day simple moving average of $149.63. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19. The stock has a market cap of $157.17 billion, a P/E ratio of 129.82, a P/E/G ratio of 4.59 and a beta of 2.83.

Trending Headlines about 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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SHOP shares. Evercore set a $135.00 price objective on shares of Shopify in a research report on Wednesday, February 11th. Jefferies Financial Group set a $125.00 price target on shares of Shopify and gave the stock a “hold” rating in a research report on Monday, February 16th. Moffett Nathanson upgraded Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Monday, February 9th. Raymond James Financial reissued a “market perform” rating on shares of Shopify in a research note on Monday, December 1st. Finally, Benchmark reduced their target price on Shopify from $195.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.64.

Shopify Company 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.