Sanctuary Advisors LLC Cuts Holdings in Shopify Inc. $SHOP

Sanctuary Advisors LLC lowered its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,911 shares of the software maker’s stock after selling 18,851 shares during the quarter. Sanctuary Advisors LLC’s holdings in Shopify were worth $17,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SHOP. M&T Bank Corp grew its stake in shares of Shopify by 37.1% in the fourth quarter. M&T Bank Corp now owns 81,082 shares of the software maker’s stock valued at $13,051,000 after buying an additional 21,945 shares in the last quarter. Triasima Portfolio Management inc. lifted its position in shares of Shopify by 11.0% during the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker’s stock worth $29,398,000 after purchasing an additional 18,028 shares in the last quarter. Assetmark Inc. lifted its position in shares of Shopify by 6.7% during the fourth quarter. Assetmark Inc. now owns 213,583 shares of the software maker’s stock worth $34,380,000 after purchasing an additional 13,415 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Shopify by 286.6% in the fourth quarter. SG Americas Securities LLC now owns 508,723 shares of the software maker’s stock valued at $81,889,000 after purchasing an additional 377,129 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Shopify by 12.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 526,114 shares of the software maker’s stock valued at $84,689,000 after purchasing an additional 59,745 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Trading Down 1.7%

Shares of Shopify stock opened at $123.55 on Thursday. The business’s 50 day simple moving average is $111.93 and its 200-day simple moving average is $123.98. The stock has a market capitalization of $160.33 billion, a price-to-earnings ratio of 122.33, a PEG ratio of 2.73 and a beta of 2.58. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Several brokerages turned more constructive on Shopify, including Jefferies, Stifel and Bank of America, with upgrades and higher price targets pointing to renewed confidence in earnings potential and longer-term growth. Why Wall Street Is Suddenly Rushing Back Into Beaten-Down Shopify (SHOP) Stock
• Positive Sentiment: Shopify also received a Zacks Rank #1 (Strong Buy), reinforcing the bullish view that earnings expectations may improve. Shopify (SHOP) Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: DoorDash announced a native Shopify integration that lets independent merchants add on-demand delivery more quickly, which could make Shopify’s platform more attractive to small retailers and support merchant engagement. DoorDash teams with Shopify on delivery for small retailers
• Neutral Sentiment: Fintech and e-commerce commentary continued to spotlight Shopify’s payments infrastructure and platform ecosystem, but these pieces were mostly broad business coverage rather than a direct catalyst. Shopify: Redefining Payments Infrastructure for Merchants
• Negative Sentiment: The latest trading session showed Shopify falling even as the broader market rose, reflecting ongoing investor caution after a sizable year-to-date decline and concerns about slower growth and AI-related costs. Shopify (SHOP) Stock Falls Amid Market Uptick: What Investors Need to Know
• Negative Sentiment: A separate article about fake Shopify stores being used in an alleged scam could add negative headlines around the brand, though it appears unrelated to Shopify’s core business. NFL Players Targeted in E-Commerce Scheme Using Fake Shopify Stores

Wall Street Analyst Weigh In

SHOP has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Zacks Research raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Citigroup downgraded Shopify from a “market outperform” rating to a “neutral” rating in a research note on Friday, July 10th. Morgan Stanley lowered Shopify from an “overweight” rating to a “buy” rating in a research report on Monday. Finally, Bank of America started coverage on Shopify in a report on Tuesday, July 7th. They set a “buy” rating and a $150.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Shopify currently has an average rating of “Moderate Buy” and a consensus target price of $157.58.

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.