Thrivent Financial for Lutherans Trims Stock Position in Shopify Inc. $SHOP

Thrivent Financial for Lutherans lessened its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 25.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,714 shares of the software maker’s stock after selling 5,274 shares during the period. Thrivent Financial for Lutherans’ holdings in Shopify were worth $2,335,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several brokerages have recently commented on SHOP. BMO Capital Markets cut their price objective on Shopify from $190.00 to $150.00 and set an “outperform” rating for the company in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $192.00 price target (up previously from $165.00) on shares of Shopify in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a report on Monday, December 29th. Wolfe Research upgraded shares of Shopify from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 6th. Finally, Moffett Nathanson upgraded shares of Shopify from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Monday. Twenty-seven equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.21.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Large drop in short interest — Short interest fell ~27% in January to about 8.6M shares (short-interest ratio ~0.8 days), reducing immediate short‑selling pressure and removing a potential headwind for the stock.
• Positive Sentiment: Analysts and commentators turning upbeat on AI benefits — A MoffettNathanson analyst and other coverage argue AI is more likely to help Shopify’s merchant platform than hurt it, supporting bullish positioning ahead of earnings. Shopify’s stock soars ahead of earnings. Why this analyst is newly upbeat.
• Positive Sentiment: Product wins and AI personalization stories — Coverage highlights new merchant wins (e.g., Swanson Health subscriptions) and Shopify’s AI personalization tools, which support revenue/GMV momentum and monetization of merchant solutions. Shopify Powers Swanson Health Subscriptions And AI Personalization For Investors
• Positive Sentiment: Earnings-season optimism / revenue preview — Several previews expect holiday-quarter revenue to be stronger and spotlight AI-driven merchant solutions and international growth as catalysts into the print. Shopify Revenue Seen Higher in Key Holiday 4Q — Earnings Preview
• Positive Sentiment: Upgrade/positive sentiment pieces lifting momentum — Recent upgrades and bullish write-ups have amplified buying interest and momentum into the earnings release. Shopify (SHOP) Stock Soars 8.7% After Upgrade and Positive Sentiment
• Neutral Sentiment: Price-target trims from brokers — Benchmark and BMO cut their price targets (Benchmark: $195→$145; BMO: $190→$150) but kept buy/outperform stances, which narrows visible upside while still signaling conviction in the business. Benchmark price-target note (Benzinga) BMO price-target note (BayStreet)
• Negative Sentiment: Bear-market commentary — Some pieces argue Shopify remains stuck in a broader downtrend and will need strong earnings execution and sustained monetization to confirm a durable turnaround. Shopify stock is stuck in a bear market: will it rebound after earnings?

Shopify Stock Up 7.5%

Shares of NASDAQ:SHOP opened at $127.24 on Wednesday. The stock has a market cap of $165.65 billion, a PE ratio of 94.25, a PEG ratio of 3.49 and a beta of 2.83. The company’s fifty day moving average is $153.14 and its 200 day moving average is $151.25. Shopify Inc. has a 52 week low of $69.84 and a 52 week high of $182.19.

Shopify 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.