Public Sector Pension Investment Board Buys 104,018 Shares of Shopify Inc. $SHOP

Public Sector Pension Investment Board boosted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 88.3% during the third quarter, Holdings Channel.com reports. The fund owned 221,863 shares of the software maker’s stock after acquiring an additional 104,018 shares during the period. Public Sector Pension Investment Board’s holdings in Shopify were worth $32,968,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SHOP. Norges Bank acquired a new position in Shopify in the second quarter valued at about $1,794,952,000. Jennison Associates LLC increased its holdings in Shopify by 64.3% in the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock valued at $2,812,211,000 after buying an additional 7,403,821 shares during the period. Brown Advisory Inc. raised its position in shares of Shopify by 5,193.6% in the 2nd quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock valued at $238,419,000 after buying an additional 2,027,839 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Shopify by 19.9% during the 2nd quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock worth $1,247,007,000 after acquiring an additional 1,781,530 shares during the period. Finally, Picton Mahoney Asset Management lifted its holdings in shares of Shopify by 246,359.0% during the 2nd quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker’s stock worth $202,146,000 after acquiring an additional 1,759,003 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SHOP has been the topic of several recent analyst reports. Citizens Jmp decreased their price target on Shopify from $200.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Thursday. Arete Research set a $175.00 target price on Shopify in a research report on Monday, February 2nd. Needham & Company LLC reissued a “buy” rating and set a $180.00 target price on shares of Shopify in a research note on Thursday. Canaccord Genuity Group set a $165.00 price target on shares of Shopify and gave the company a “buy” rating in a research note on Thursday. Finally, Scotiabank raised shares of Shopify from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $200.00 in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company beat revenue expectations with Q4 revenue up ~31%, strong GMV and Merchant Solutions growth, guided Q1 revenue above Street estimates and authorized a $2 billion buyback — supportive for cash generation and long‑term outlook. Shopify press release
• Positive Sentiment: Analyst upgrade: TD Securities raised Shopify from Hold to Buy with a $159 target, adding upward analyst pressure after the print. TD Securities upgrade
• Positive Sentiment: Needham reaffirmed a Buy with a $180 target, highlighting continued bullish institutional views despite recent volatility. Needham note
• Neutral Sentiment: Analysts and commentary note Shopify’s AI investments are expanding product monetization and improving cash flow, but the company trades at a premium vs. peers — mixed implication for near‑term multiples. Zacks analysis
• Neutral Sentiment: Management’s guidance called for continued high‑single to low‑30% revenue growth in Q1 — above consensus and a positive signal for growth trajectory, but it comes with planned higher operating spend. Reuters: guidance
• Negative Sentiment: Q4 EPS missed estimates (reported ~$0.46–$0.48 vs. ~$0.50 consensus) — investors focused on the earnings miss and margin pressure despite the revenue beat, triggering a post‑earnings selloff. Zacks earnings report
• Negative Sentiment: Several firms trimmed price targets today (UBS to $145 neutral rating; Wedbush/Citizens lowered to ~$160; Truist cut to $110), signaling analyst uncertainty on valuation and near‑term catalysts. Benzinga: analyst moves
• Negative Sentiment: Commentary raises risks around the buyback execution, short‑term volatility and margin mix (Merchant Solutions growth compressing gross margins), which could keep the stock under pressure until clarity on margins and buyback cadence. TipRanks buyback risk

Shopify Trading Down 6.8%

NASDAQ:SHOP opened at $110.66 on Friday. The stock’s 50-day moving average is $151.28 and its 200-day moving average is $150.74. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19. The stock has a market cap of $144.06 billion, a P/E ratio of 118.99, a price-to-earnings-growth ratio of 3.50 and a beta of 2.83.

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.