Harvest Fund Management Co. Ltd Acquires 86,667 Shares of Shopify Inc. $SHOP

Harvest Fund Management Co. Ltd boosted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 120.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 158,836 shares of the software maker’s stock after buying an additional 86,667 shares during the period. Shopify makes up approximately 1.0% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 18th biggest holding. Harvest Fund Management Co. Ltd’s holdings in Shopify were worth $23,602,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC acquired a new stake in shares of Shopify during the third quarter worth $27,000. Rothschild Investment LLC boosted its stake in Shopify by 47.5% in the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares during the period. Financial Gravity Companies Inc. acquired a new position in Shopify in the 2nd quarter worth $27,000. Caitlin John LLC bought a new position in Shopify during the 3rd quarter worth about $36,000. Finally, Estabrook Capital Management bought a new position in Shopify during the 2nd quarter worth about $29,000. Institutional investors own 69.27% of the company’s stock.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies raised its price target after OpenAI decided not to enable in‑ChatGPT purchases, which Jefferies views as reducing a competitive threat to Shopify’s checkout and payments opportunity. This upgrade supports upside to monetization of AI-driven commerce. Jefferies Raises PT on Shopify (SHOP) Following OpenAI Decision
• Positive Sentiment: Piper Sandler initiated coverage with an “Overweight” rating and a $165 PT (~34% upside from the current level), citing payments and merchant growth as key drivers. Analyst coverage and a constructive PT can attract buyers. Benzinga Coverage Note
• Positive Sentiment: Shopify is embedding AI across commerce—enabling AI assistants to surface merchant catalogs and route transactions through Shopify’s checkout/payments—which could increase GMV capture and revenue per merchant if adoption scales. Shopify Bets Big on AI Commerce: Is it the Next Growth Catalyst?
• Positive Sentiment: Shopify’s Klaviyo integration (Locale Aware Catalogs) strengthens its enterprise and global merchant proposition by automating localized catalogs, pricing and marketing — a product move that targets larger brands and cross‑sell opportunities. Shopify And Klaviyo Integration Highlights Global Ambitions And Valuation Tension
• Positive Sentiment: Longer‑term bullish narratives: commentary (e.g., Motley Fool) places Shopify among AI winners that could materially expand value over several years, supporting a growth story for patient investors. Prediction: 2 AI Stocks Will Be Worth More Than Palantir Technologies in 5 Years
• Neutral Sentiment: Zacks notes the stock is up ~14% since the last earnings report, signaling recent momentum but asking whether that trend can continue without clearer earnings leverage. Shopify (SHOP) Up 14% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: Zacks also highlights SHOP has declined ~11% over six months, reflecting recent volatility and investor concern about execution/valuation despite AI momentum. SHOP Declines 11% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Service reliability concern — Downdetector reported outages affecting thousands of users; repeated or high‑impact outages can dent merchant trust and short‑term GMV. Shopify Down for Thousands of Users, Downdetector Reports
• Negative Sentiment: Valuation and technical pressure — SHOP trades below its 50‑ and 200‑day moving averages, has a high trailing P/E (~132) and elevated PEG (~4.65), which increases sensitivity to any slowdown in revenue/monetization.

Shopify Price Performance

Shopify stock opened at $122.96 on Friday. The company has a market cap of $160.07 billion, a price-to-earnings ratio of 132.22, a P/E/G ratio of 4.53 and a beta of 2.83. The firm has a 50-day moving average of $133.91 and a 200-day moving average of $148.61. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19.

Analyst Ratings Changes

A number of brokerages have recently commented on SHOP. Canaccord Genuity Group set a $165.00 price target on Shopify and gave the company a “buy” rating in a report on Thursday, February 12th. Piper Sandler started coverage on Shopify in a report on Thursday. They set an “overweight” rating and a $165.00 price objective for the company. Arete Research set a $175.00 target price on Shopify in a research report on Monday, February 2nd. Bank of America boosted their target price on Shopify from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Shopify in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.38.

About Shopify

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.