Axxcess Wealth Management LLC Sells 5,530 Shares of Shopify Inc. $SHOP

Axxcess Wealth Management LLC reduced its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,360 shares of the software maker’s stock after selling 5,530 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Shopify were worth $1,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Shopify during the second quarter worth about $1,794,952,000. Jennison Associates LLC lifted its holdings in shares of Shopify by 64.3% during the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker’s stock worth $2,812,211,000 after acquiring an additional 7,403,821 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Shopify by 5,193.6% during the 2nd quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker’s stock worth $238,419,000 after acquiring an additional 2,027,839 shares during the period. Geode Capital Management LLC boosted its position in shares of Shopify by 19.9% during the 2nd quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock worth $1,247,007,000 after acquiring an additional 1,781,530 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its stake in Shopify by 246,359.0% in the second quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker’s stock valued at $202,146,000 after acquiring an additional 1,759,003 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Post‑earnings rebound driven by strong Q4 results (revenue and GMV growth in the low‑30% range), bullish first‑quarter revenue outlook and the newly authorized $2 billion share repurchase program — a clear shareholder‑friendly catalyst that helped lift sentiment. Post‑earnings sentiment and buyback
• Positive Sentiment: Truist published a $150 price target for SHOP, providing an analyst‑level endorsement above the current trading price that can support upside expectations. Truist $150 PT
• Positive Sentiment: DZ Bank upgraded Shopify from Hold to Strong‑Buy, adding to the list of recent bullish analyst moves that can attract buyers. DZ Bank upgrade
• Neutral Sentiment: Jefferies kept a Hold rating with a $125 target after noting Q4 strength and AI/marketplace momentum — supportive on results but cautious enough to keep a neutral stance. Jefferies reaction to Q4
• Neutral Sentiment: Shopify was featured in a list of long‑term growth platforms, reflecting favorable long‑run narrative for investor interest but not a near‑term earnings or balance‑sheet catalyst. Long‑term growth stock mention
• Negative Sentiment: A deeper critique argues that solid Q4 results may not be enough to change Shopify’s longer‑term trajectory — concerns about margins, competitive dynamics and whether growth can sustainably re‑accelerate persist. This framing can limit upside despite the quarter. BayStreet skeptical take
• Negative Sentiment: Broader marketplace moves — eBay’s strategic deals and ad/recommerce strength — highlight intensifying competition in online marketplaces, a dynamic investors watch when assessing Shopify’s GMV/margin outlook. Market competition context

Wall Street Analysts Forecast Growth

SHOP has been the subject of several recent analyst reports. Barclays set a $130.00 target price on Shopify and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Wolfe Research upgraded Shopify from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 6th. BNP Paribas Exane assumed coverage on Shopify in a research note on Monday, November 24th. They issued a “neutral” rating on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Shopify in a research note on Wednesday, November 5th. Finally, Robert W. Baird set a $160.00 target price on shares of Shopify in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.64.

Shopify Trading Up 1.8%

NASDAQ:SHOP opened at $123.80 on Friday. The stock has a market cap of $161.17 billion, a P/E ratio of 133.12, a price-to-earnings-growth ratio of 4.43 and a beta of 2.83. The stock’s 50-day moving average is $146.72 and its 200-day moving average is $150.52. Shopify Inc. has a 1-year low of $69.84 and a 1-year high of $182.19.

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.