Teachers Retirement System of The State of Kentucky Sells 20,100 Shares of Shopify Inc. $SHOP

Teachers Retirement System of The State of Kentucky cut its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 177,366 shares of the software maker’s stock after selling 20,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Shopify were worth $21,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SHOP. Kingdom Financial Group LLC. bought a new position in Shopify in the 4th quarter worth $26,000. Curio Wealth LLC bought a new stake in Shopify during the fourth quarter valued at about $27,000. Evolution Wealth Management Inc. raised its stake in Shopify by 203.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shopify in the 4th quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC bought a new position in Shopify in the 4th quarter worth approximately $31,000. 69.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SHOP has been the subject of a number of research reports. Citigroup lowered shares of Shopify from a “market outperform” rating to a “neutral” rating in a research report on Friday. National Bank Financial decreased their price objective on Shopify from $200.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, May 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 target price on shares of Shopify in a research report on Wednesday, May 6th. Canaccord Genuity Group cut their target price on shares of Shopify from $165.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Stifel Nicolaus set a $150.00 target price on shares of Shopify and gave the company a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.58.

Shopify Stock Performance

SHOP opened at $122.54 on Monday. The stock has a 50-day moving average of $111.12 and a 200 day moving average of $124.93. Shopify Inc. has a 12 month low of $94.00 and a 12 month high of $182.19. The firm has a market cap of $159.02 billion, a P/E ratio of 121.33, a P/E/G ratio of 2.66 and a beta of 2.58.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bank of America said Shopify is a major AI winner, reinforcing the view that the company could benefit as merchants adopt AI tools to improve sales, marketing, and checkout performance. Bank of America argues Shopify is a major AI winner
• Positive Sentiment: Zacks upgraded Shopify from hold to strong-buy, and other research notes highlighted earnings growth and price strength, adding to bullish sentiment around the stock. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
• Neutral Sentiment: Shopify is also showing up on trending-stock lists and analyst-call roundups, suggesting elevated investor attention, but these items are more about visibility than a direct business catalyst. Shopify Inc. (SHOP) Is a Trending Stock
• Neutral Sentiment: Investors are also watching for Shopify’s Q2 2026 results on August 5, which could become a bigger driver once earnings are closer. This Week In E-Commerce – Shopify’s Q2 2026 Financial Results Announcement Insights
• Negative Sentiment: Shopify remains a richly valued stock, with several recent articles questioning whether the current price is hard to justify, which may limit upside and keep volatility high. Shopify: Great Company, Impossible Valuation
• Negative Sentiment: There was also recent weakness in the broader tech market, and Shopify had already declined in a prior session, showing that macro pressure and high valuation can still weigh on the shares. HubSpot, Q2 Holdings, and Shopify Shares Plummet, What You Need To Know

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.