Partners Wealth Management LLC Acquires New Holdings in Shopify Inc. $SHOP

Partners Wealth Management LLC acquired a new stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,862 shares of the software maker’s stock, valued at approximately $2,056,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SHOP. Norris Financial Group LLC purchased a new position in Shopify during the first quarter valued at $1,586,000. Infusive Asset Management Inc. increased its stake in shares of Shopify by 27.4% during the first quarter. Infusive Asset Management Inc. now owns 43,611 shares of the software maker’s stock worth $5,173,000 after purchasing an additional 9,374 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of Shopify by 18.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 58,044 shares of the software maker’s stock worth $6,876,000 after purchasing an additional 9,096 shares during the last quarter. Ninepoint Partners LP acquired a new position in shares of Shopify during the 2nd quarter worth about $29,027,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Shopify by 8.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 8,418,903 shares of the software maker’s stock worth $998,137,000 after purchasing an additional 660,198 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SHOP has been the topic of several research analyst reports. BMO Capital Markets set a $165.00 price objective on Shopify and gave the stock an “outperform” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on Shopify from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Friday, October 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $200.00 target price (up from $180.00) on shares of Shopify in a research report on Friday, October 16th. Finally, Mizuho set a $180.00 price target on Shopify in a research note on Thursday, September 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.79.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Expanded AI and commerce ecosystem: Shopify is broadening access to AI agents, while Condé Nast is bringing curated product collections from brands including Vogue and GQ to the Shop app. These initiatives could increase merchant and consumer engagement and support transaction growth. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access Condé Nast brings product picks to Shop app
• Positive Sentiment: Merchant retention remains a strength: Shopify reportedly retains 97% of merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and longer-term growth despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Positive Sentiment: Strong competitive positioning in point-of-sale: Javelin Strategy & Research named Shopify POS an Overall Leader in its 2026 small-business POS scorecard, reinforcing the company’s position beyond its core online storefront business. 2026 Small Business Point-of-Sale System Scorecard
• Positive Sentiment: Shopify Ventures participation in Whop’s financing round highlights continued investment in emerging commerce and technology platforms, although the direct financial impact on Shopify is likely limited. Whop’s Valuation Triples
• Neutral Sentiment: Pre-earnings positioning is driving attention: Analysts are focused on third-quarter revenue, merchant solutions, gross merchandise volume, operating margins and holiday-quarter guidance. The stock’s recent uptrend has also prompted bullish options strategies, but the outcome depends on whether results exceed elevated expectations. Shopify Q3 Earnings Preview
• Negative Sentiment: AI investment could pressure profitability: Coverage warns that Shopify’s rapid sales growth is accompanied by higher AI infrastructure and development expenses. Investors want evidence that AI-driven growth will translate into sustainable margin expansion rather than offsetting earnings gains. Shopify’s Booming Sales Come With a Costly Catch

Shopify Stock Down 0.8%

SHOP stock opened at $166.89 on Friday. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $152.57 and a two-hundred day moving average of $130.31. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $180.88. The company has a market cap of $214.73 billion, a price-to-earnings ratio of 112.76, a PEG ratio of 3.47 and a beta of 2.62.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%. The business had revenue of $3.58 billion during the quarter. During the same quarter last year, the company earned $0.69 earnings per share. Shopify’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, analysts forecast that Shopify Inc. will post 1.46 earnings per share for the current fiscal year.

Shopify Company Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.