Shopify Inc. $SHOP Stock: State of Wyoming Decreases Stake

State of Wyoming trimmed its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 48.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,263 shares of the software maker’s stock after selling 4,990 shares during the quarter. State of Wyoming’s holdings in Shopify were worth $781,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. grew its holdings in shares of Shopify by 64.0% during the third quarter. Raleigh Capital Management Inc. now owns 4,860 shares of the software maker’s stock valued at $721,000 after buying an additional 1,897 shares during the last quarter. Canopy Partners LLC increased its position in shares of Shopify by 3.0% during the third quarter. Canopy Partners LLC now owns 2,109 shares of the software maker’s stock worth $313,000 after acquiring an additional 61 shares in the last quarter. Partners Wealth Management LLC bought a new stake in shares of Shopify during the third quarter worth about $2,056,000. United Asset Strategies Inc. bought a new stake in shares of Shopify during the third quarter worth about $213,000. Finally, China Universal Asset Management Co. Ltd. raised its holdings in shares of Shopify by 29.2% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 51,326 shares of the software maker’s stock worth $7,610,000 after acquiring an additional 11,604 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Condé Nast is bringing curated product selections from Vogue, GQ and other brands to Shopify’s Shop app. The partnership could increase consumer engagement, product discovery and transaction volume. Condé Nast brings product picks to Shop app
• Positive Sentiment: Shopify is broadening access to AI agents that can support commerce activity, while third-party platforms such as DRINKS are using Shopify technology to enable multi-supplier digital alcohol sales. These developments support Shopify’s positioning in AI-enabled commerce. NCR Voyix Scoops up Bruster’s; Shopify Broadens AI Agent Access
• Positive Sentiment: Shopify POS was named an overall leader in a 2026 small-business point-of-sale scorecard, reinforcing the company’s competitive position beyond its core online-store platform. 2026 Small Business POS System Scorecard
• Positive Sentiment: Analysis highlights a reported 97% retention rate among merchants that reach $10 million in annual gross merchandise volume, supporting recurring revenue and expansion potential despite competition from Adobe and Commerce.com. Can Shopify’s Strong Merchant Retention Sustain Revenue Growth?
• Neutral Sentiment: Heavy investor searches and a bullish options strategy indicate heightened attention and an optimistic trading bias, but neither provides evidence of improved fundamentals. Investors Heavily Search Shopify
• Negative Sentiment: Pre-earnings coverage warns that Shopify’s strong sales growth may be offset by higher AI investment and margin pressure. With the stock trading at a premium valuation, investors may be demanding continued earnings and profit improvement. Shopify’s Booming Sales Come With a Costly Catch

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SHOP. DA Davidson set a $200.00 price target on shares of Shopify and gave the company a “buy” rating in a research report on Thursday, August 6th. DZ Bank lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. BMO Capital Markets set a $165.00 price objective on Shopify and gave the stock an “outperform” rating in a report on Thursday, August 6th. Stifel Nicolaus set a $210.00 price objective on Shopify and gave the stock a “buy” rating in a research note on Wednesday, October 14th. Finally, Mizuho set a $180.00 target price on Shopify in a report on Thursday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.79.

Shopify Stock Performance

NASDAQ SHOP opened at $157.49 on Friday. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $180.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.35 and a quick ratio of 5.35. The firm has a market cap of $202.63 billion, a price-to-earnings ratio of 106.41, a PEG ratio of 3.25 and a beta of 2.62. The company has a fifty day moving average price of $152.78 and a 200-day moving average price of $130.26.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The company had revenue of $3.58 billion for the quarter. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. As a group, equities research analysts predict that Shopify Inc. will post 1.46 EPS for the current fiscal year.

About Shopify

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants’ own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.