Robertson Stephens Wealth Management LLC Reduces Stock Holdings in Shopify Inc. $SHOP

Robertson Stephens Wealth Management LLC trimmed its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 77.3% during the 4th quarter, HoldingsChannel reports. The firm owned 2,271 shares of the software maker’s stock after selling 7,722 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Shopify were worth $366,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Shopify in the fourth quarter worth about $29,000. Lodestone Wealth Management LLC purchased a new position in Shopify in the fourth quarter worth about $31,000. Sound Income Strategies LLC boosted its position in Shopify by 82.4% in the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after purchasing an additional 89 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Shopify in the third quarter worth about $32,000. Finally, Caitlin John LLC purchased a new position in Shopify in the third quarter worth about $36,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Several Wall Street analysts see meaningful upside (average price target near $159.70, ~27% above recent levels), arguing the pullback creates a buying opportunity. Analysts See 27% Upside for Shopify After 30% Selloff
• Positive Sentiment: Benzinga flags that Benzinga’s “most accurate” analysts continue to rate SHOP highly ahead of the Q1 print and expect EPS around $0.33, which supports investor optimism into the report. Shopify Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Zacks highlights that Shopify is still expected to deliver low-30% revenue growth, driven by Shop Pay adoption and AI product momentum — positives for growth, but the piece flags potential investor uncertainty ahead of results. Shopify Stock Before Q1 Earnings: Smart Buy or Risky Move?
• Neutral Sentiment: Media coverage notes investor attention on Shopify’s AI initiatives and wholesale/merchant tools ahead of the quarter — these are strategic positives but may not move near-term earnings without clear margin proof. Shopify set for Q1 results as AI initiatives draw attention
• Negative Sentiment: Analysts and coverage also warn margin pressure from Shop Pay, AI investments and other initiatives could offset revenue growth, while the recent ~30% selloff signals investor skepticism and raises the bar for a strong beat. Analysts See 27% Upside for Shopify After 30% Selloff

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group decreased their price objective on Shopify from $165.00 to $145.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Citigroup reaffirmed a “buy” rating and issued a $163.00 price objective (down from $172.00) on shares of Shopify in a research note on Tuesday, April 28th. Jefferies Financial Group raised their price objective on Shopify from $125.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, March 9th. KeyCorp reaffirmed an “overweight” rating and issued a $160.00 price objective on shares of Shopify in a research note on Wednesday, February 11th. Finally, Piper Sandler assumed coverage on Shopify in a research note on Thursday, March 12th. They issued an “overweight” rating and a $165.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.19.

Shopify Stock Down 0.1%

NASDAQ SHOP opened at $127.55 on Tuesday. The stock’s 50-day moving average price is $122.49 and its 200-day moving average price is $141.99. Shopify Inc. has a 52 week low of $88.14 and a 52 week high of $182.19. The company has a market capitalization of $166.34 billion, a P/E ratio of 137.15, a price-to-earnings-growth ratio of 4.54 and a beta of 2.64.

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.