Tempo Wealth LLC Purchases Shares of 7,807 Shopify Inc. $SHOP

Tempo Wealth LLC purchased a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,807 shares of the software maker’s stock, valued at approximately $1,257,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Shopify by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after buying an additional 743,803 shares during the period. Norges Bank purchased a new position in shares of Shopify in the fourth quarter worth about $2,611,797,000. Invesco Ltd. lifted its stake in shares of Shopify by 9.8% in the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock valued at $2,257,796,000 after acquiring an additional 1,252,074 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Shopify by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock valued at $2,043,365,000 after acquiring an additional 737,892 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Shopify by 9.1% in the 4th quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock valued at $1,627,352,000 after acquiring an additional 827,643 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reaffirmed shareholder support at its 2026 annual meeting, with management proposals approved, all director nominees elected, and investors backing the company’s current AI strategy by rejecting a separate AI policy proposal. Shopify (SHOP) Backs Management At 2026 Meeting As Shareholders Reject AI Policy
• Positive Sentiment: Shopify’s expanded US$5 billion share repurchase authorization signals confidence from the board and provides a potential source of support for the stock. What Shopify (SHOP)’s US$5 Billion Buyback and AI Commerce Push Means For Shareholders
• Positive Sentiment: New app ecosystem releases from partners like Bloomreach and Loox highlight continued merchant demand for Shopify-related tools, reinforcing platform engagement and developer activity. New Sidekick Extension in Loomi for Shopify Gives Merchants Instant Search Ranking Visibility
• Neutral Sentiment: Analysts continue to rate Shopify around “Moderate Buy,” suggesting a generally constructive but not overly bullish Street view. Shopify Inc. (NASDAQ:SHOP) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Shopify also disclosed results from its 2026 annual shareholder meeting, another event that mainly confirms governance and capital-allocation decisions already in focus. Shopify Inc.: Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Negative Sentiment: Shopify stock fell notably as part of a broader market move, with investor sentiment likely weighed by the recent decline rather than a single negative operating headline. Shopify (SHOP) Declines More Than Market: Some Information for Investors

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. BMO Capital Markets reduced their price target on Shopify from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of Shopify in a research report on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $180.00 price objective on shares of Shopify in a research note on Tuesday, May 5th. DA Davidson cut their target price on shares of Shopify from $195.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Citizens Jmp decreased their target price on shares of Shopify from $160.00 to $150.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.17.

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $108.85 on Friday. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19. The company has a market cap of $141.25 billion, a PE ratio of 107.77, a P/E/G ratio of 3.03 and a beta of 2.60. The stock’s 50-day moving average is $113.40 and its 200 day moving average is $130.09.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Analysts expect that Shopify Inc. will post 1.36 EPS for the current fiscal year.

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.