100,000 Shares in Shopify Inc. $SHOP Purchased by Bornite Capital Management LP

Bornite Capital Management LP acquired a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the software maker’s stock, valued at approximately $14,861,000. Shopify accounts for approximately 1.4% of Bornite Capital Management LP’s portfolio, making the stock its 27th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Shopify during the 3rd quarter valued at about $4,110,000. Principal Financial Group Inc. lifted its position in shares of Shopify by 16.3% during the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock worth $67,006,000 after buying an additional 63,300 shares during the period. Triton Financial Group Inc acquired a new position in Shopify during the third quarter worth $1,931,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Shopify by 4.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock valued at $603,425,000 after acquiring an additional 218,829 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Shopify by 65.5% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock valued at $23,557,000 after purchasing an additional 62,743 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of SHOP opened at $121.64 on Thursday. The firm has a market capitalization of $158.36 billion, a PE ratio of 130.80, a P/E/G ratio of 4.14 and a beta of 2.83. The stock has a 50 day simple moving average of $147.54 and a 200 day simple moving average of $150.71. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group set a $125.00 price target on shares of Shopify and gave the company a “hold” rating in a report on Monday. Mizuho raised Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Thursday, February 12th. KeyCorp restated an “overweight” rating and issued a $160.00 price objective on shares of Shopify in a research report on Wednesday, February 11th. Oppenheimer reiterated an “outperform” rating on shares of Shopify in a research report on Monday, December 1st. Finally, Robert W. Baird set a $160.00 price target on shares of Shopify in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Shopify currently has a consensus rating of “Moderate Buy” and an average target price of $162.64.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company reported a strong Q4 and gave upbeat Q1 revenue guidance (management called for “low‑thirties” revenue growth), with analysts highlighting AI and marketplace-driven strength as growth drivers. Shopify Q4 strength highlights AI and marketplace growth: analysts
• Positive Sentiment: Post‑earnings sentiment rebound tied to strong revenue/GME trends and a newly authorized $2 billion share buyback, which supports the stock after recent volatility and signals shareholder friendliness. Shopify jumps as post-earnings sentiment improves and investors refocus on growth outlook and buyback
• Positive Sentiment: Analyst activity: DZ Bank upgraded SHOP to “strong‑buy” and Truist set a $150 price target / “buy” — fresh buy-side signals that can attract demand. DZ Bank upgrade reported via Zacks Shopify upgraded to Buy at Truist
• Neutral Sentiment: Partner ecosystem activity: Avenue Z acquired Varfaj, a Shopify premier partner, indicating ongoing investment in Shopify’s developer/partner ecosystem (incremental, ecosystem‑level benefit). Avenue Z Acquires Shopify Design and Technology Premier Partner Varfaj
• Neutral Sentiment: Brokerage consensus remains skewed positive (multiple buy/outperform calls and a “moderate buy” consensus) — supportive but mixed price targets leave dispersion in expectations. Shopify Given Consensus Recommendation of Moderate Buy
• Negative Sentiment: Some analysts/commentary caution that solid Q4 results may not immediately resolve margin pressure, valuation concerns, or longer-term platform questions — a reminder of execution risk despite top‑line momentum. Why Solid Q4 Earnings Aren’t Enough to Turn Its Fortunes Around

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.