Wedbush Securities Inc. Sells 6,399 Shares of Shopify Inc. $SHOP

Wedbush Securities Inc. cut its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 27.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,856 shares of the software maker’s stock after selling 6,399 shares during the period. Wedbush Securities Inc.’s holdings in Shopify were worth $2,505,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SHOP. Norges Bank bought a new stake in shares of Shopify during the second quarter valued at approximately $1,794,952,000. Jennison Associates LLC grew its position 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 purchasing an additional 7,403,821 shares during the period. Brown Advisory Inc. grew its position 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 valued at $238,419,000 after purchasing an additional 2,027,839 shares during the period. Geode Capital Management LLC grew its position in 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 purchasing an additional 1,781,530 shares during the period. Finally, Picton Mahoney Asset Management increased its stake in 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 valued at $202,146,000 after purchasing an additional 1,759,003 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

Shopify Price Performance

NASDAQ SHOP opened at $110.66 on Friday. The business’s fifty day moving average is $151.28 and its 200-day moving average is $150.74. The stock has a market capitalization of $144.06 billion, a price-to-earnings ratio of 118.99, a PEG ratio of 3.50 and a beta of 2.83. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SHOP shares. Atb Cormark Cm raised shares of Shopify from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. Citizens Jmp cut their price target on Shopify from $200.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Shopify in a report on Wednesday, November 5th. Oppenheimer restated an “outperform” rating on shares of Shopify in a report on Monday, December 1st. Finally, Evercore ISI set a $135.00 price target on Shopify in a report on Wednesday. Thirty-two analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Multiple analyst upgrades lift near-term sentiment — Mizuho upgraded SHOP to “outperform” with a $150 target and TD Securities raised to “buy” with $159, signaling fresh buy-side conviction that supports the stock’s rally today. Mizuho Upgrade TD Securities Upgrade
• Positive Sentiment: Top-line strength: Q4 revenue grew ~31% YoY to $3.67B (beat consensus) and management issued stronger-than-expected Q1 revenue guidance — key fundamentals investors reward given Shopify’s AI-driven merchant growth. Revenue & Profitability Coverage
• Positive Sentiment: $2 billion buyback authorized — the board’s repurchase program reduces float and signals capital-return confidence, a direct supportive catalyst for the stock. (Buyback also debated — see negative item.) MarketBeat Buyback Coverage
• Neutral Sentiment: AI integration and long-term growth story intact — Shopify is embedding merchant catalogs into generative AI tools, which bolsters secular growth thesis but also keeps the stock correlated to broader AI/software sentiment. AI Integration Note
• Negative Sentiment: Earnings reaction and mixed profitability metrics — some outlets report EPS misses or mixed EPS beats versus different consensus points (investors focused on margins and EPS even as revenue rose), which sparked earlier post-earnings volatility. Zacks Earnings Coverage
• Negative Sentiment: Analyst price-target cuts and caution from some brokers — UBS, Benchmark and Truist trimmed targets (UBS to $145, Truist to $110) and others lowered targets despite upgrades, creating conflicting analyst signals that can cap rallies. UBS/Broker Notes Benchmark Cut
• Negative Sentiment: Buyback and cash-use questions raised — some analysts/notes flagged volatility, execution risk and cash allocation tradeoffs from the $2B repurchase, which could pressure sentiment if buybacks aren’t well-timed. TipRanks Buyback Risk

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.