Shopify Inc. $SHOP Shares Sold by Tremblant Capital Group

Tremblant Capital Group lessened its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 39.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,089 shares of the software maker’s stock after selling 118,598 shares during the quarter. Shopify makes up 2.8% of Tremblant Capital Group’s investment portfolio, making the stock its 16th largest holding. Tremblant Capital Group’s holdings in Shopify were worth $27,060,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SHOP. Financial Gravity Companies Inc. acquired a new position in Shopify in the 2nd quarter valued at about $27,000. Rothschild Investment LLC increased its stake in Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after purchasing an additional 75 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in shares of Shopify during the third quarter worth about $27,000. Estabrook Capital Management purchased a new position in shares of Shopify in the second quarter valued at approximately $29,000. Finally, Vestor Capital LLC purchased a new position in shares of Shopify in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Stock Down 2.5%

Shares of Shopify stock opened at $122.96 on Friday. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19. The company has a market capitalization of $160.07 billion, a P/E ratio of 132.22, a P/E/G ratio of 4.53 and a beta of 2.83. The company has a 50 day moving average of $133.91 and a 200 day moving average of $148.61.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies raised its price target after OpenAI decided not to enable in‑ChatGPT purchases, which Jefferies views as reducing a competitive threat to Shopify’s checkout and payments opportunity. This upgrade supports upside to monetization of AI-driven commerce. Jefferies Raises PT on Shopify (SHOP) Following OpenAI Decision
• Positive Sentiment: Piper Sandler initiated coverage with an “Overweight” rating and a $165 PT (~34% upside from the current level), citing payments and merchant growth as key drivers. Analyst coverage and a constructive PT can attract buyers. Benzinga Coverage Note
• Positive Sentiment: Shopify is embedding AI across commerce—enabling AI assistants to surface merchant catalogs and route transactions through Shopify’s checkout/payments—which could increase GMV capture and revenue per merchant if adoption scales. Shopify Bets Big on AI Commerce: Is it the Next Growth Catalyst?
• Positive Sentiment: Shopify’s Klaviyo integration (Locale Aware Catalogs) strengthens its enterprise and global merchant proposition by automating localized catalogs, pricing and marketing — a product move that targets larger brands and cross‑sell opportunities. Shopify And Klaviyo Integration Highlights Global Ambitions And Valuation Tension
• Positive Sentiment: Longer‑term bullish narratives: commentary (e.g., Motley Fool) places Shopify among AI winners that could materially expand value over several years, supporting a growth story for patient investors. Prediction: 2 AI Stocks Will Be Worth More Than Palantir Technologies in 5 Years
• Neutral Sentiment: Zacks notes the stock is up ~14% since the last earnings report, signaling recent momentum but asking whether that trend can continue without clearer earnings leverage. Shopify (SHOP) Up 14% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: Zacks also highlights SHOP has declined ~11% over six months, reflecting recent volatility and investor concern about execution/valuation despite AI momentum. SHOP Declines 11% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Service reliability concern — Downdetector reported outages affecting thousands of users; repeated or high‑impact outages can dent merchant trust and short‑term GMV. Shopify Down for Thousands of Users, Downdetector Reports
• Negative Sentiment: Valuation and technical pressure — SHOP trades below its 50‑ and 200‑day moving averages, has a high trailing P/E (~132) and elevated PEG (~4.65), which increases sensitivity to any slowdown in revenue/monetization.

Wall Street Analyst Weigh In

SHOP has been the topic of several recent research reports. DZ Bank raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Shopify in a research report on Monday, December 29th. KeyCorp reaffirmed an “overweight” rating and set a $160.00 price objective on shares of Shopify in a research report on Wednesday, February 11th. Truist Financial set a $150.00 price objective on Shopify and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Scotiabank upgraded Shopify from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $165.00 to $200.00 in a report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $163.38.

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.