Maytus Capital Management LLC Sells 5,500 Shares of Shopify Inc. $SHOP

Maytus Capital Management LLC decreased its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 14.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,500 shares of the software maker’s stock after selling 5,500 shares during the period. Maytus Capital Management LLC’s holdings in Shopify were worth $5,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lombard Odier Asset Management Switzerland SA raised its stake in Shopify by 76.3% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 71,708 shares of the software maker’s stock valued at $11,546,000 after buying an additional 31,040 shares during the period. Maryland State Retirement & Pension System raised its stake in Shopify by 0.4% in the fourth quarter. Maryland State Retirement & Pension System now owns 178,354 shares of the software maker’s stock valued at $28,731,000 after buying an additional 780 shares during the period. Clark Capital Management Group Inc. raised its stake in Shopify by 11.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 2,267 shares of the software maker’s stock valued at $365,000 after buying an additional 235 shares during the period. Crawford Investment Counsel Inc. raised its stake in Shopify by 281.3% in the fourth quarter. Crawford Investment Counsel Inc. now owns 6,100 shares of the software maker’s stock valued at $981,000 after buying an additional 4,500 shares during the period. Finally, Arthur M. Cohen & Associates LLC raised its stake in Shopify by 1.8% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 44,176 shares of the software maker’s stock valued at $7,112,000 after buying an additional 770 shares during the period. Institutional investors own 69.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SHOP. Robert W. Baird set a $150.00 target price on Shopify in a research note on Wednesday, May 6th. Citizens Jmp lowered their target price on Shopify from $160.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and set a $150.00 target price (down from $165.00) on shares of Shopify in a research note on Tuesday, May 5th. Citigroup lowered their target price on Shopify from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Truist Financial set a $150.00 target price on Shopify and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.17.

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $113.23 on Wednesday. The company has a market capitalization of $146.93 billion, a P/E ratio of 112.11, a P/E/G ratio of 3.15 and a beta of 2.60. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The business’s 50 day simple moving average is $113.77 and its 200 day simple moving average is $130.80.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. On average, sell-side analysts anticipate that Shopify Inc. will post 1.36 EPS for the current fiscal year.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify expanded its share repurchase program to US$5 billion, a sign management believes the stock is attractive and a potential tailwind for earnings per share. What Shopify (SHOP)’s US$5 Billion Buyback and AI Commerce Push Means For Shareholders
• Positive Sentiment: At Shopify’s 2026 annual meeting, shareholders elected all director nominees, reappointed PwC as auditor, and approved executive compensation, which signals broad support for current leadership. Shopify (SHOP) Backs Management At 2026 Meeting As Shareholders Reject AI Policy
• Positive Sentiment: Investors rejected a proposed AI policy, effectively giving management more flexibility to continue rolling out AI features such as the Sidekick assistant and AI-powered product discovery. Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Positive Sentiment: Analyst sentiment remains constructive, with one recent report saying Shopify has an average rating of “Moderate Buy”, reinforcing the bullish tone around the name. Shopify Inc. (NASDAQ:SHOP) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Several coverage pieces highlighted Shopify’s AI commerce strategy and its role as potential infrastructure for retail, but these were largely commentary rather than new hard financial results. Is Shopify Building the Future Infrastructure for AI Retail?
• Negative Sentiment: One valuation-focused article argued Shopify may be trading near fair value and suggested limited near-term downside protection, which could temper enthusiasm at current levels. Wall Street Has 38 Buy Ratings on Shopify and One Sell. But We Disagree.

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.