BNP PARIBAS ASSET MANAGEMENT Holding S.A. Trims Stock Position in Shopify Inc. $SHOP

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 93.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,365 shares of the software maker’s stock after selling 1,251,248 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Shopify were worth $13,267,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock valued at $2,252,000 after acquiring an additional 584 shares in the last quarter. AQR Capital Management LLC raised its stake in Shopify by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after purchasing an additional 7,544 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Shopify by 6.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock valued at $945,000 after purchasing an additional 506 shares in the last quarter. Nordea Investment Management AB purchased a new position in Shopify in the 2nd quarter valued at about $1,594,000. Finally, Whittier Trust Co. boosted its stake in shares of Shopify by 2.0% during the 2nd quarter. Whittier Trust Co. now owns 5,373 shares of the software maker’s stock worth $620,000 after purchasing an additional 106 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Shopify

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

Shopify Price Performance

Shopify stock opened at $123.80 on Friday. The company has a market cap of $161.17 billion, a price-to-earnings ratio of 133.12, a price-to-earnings-growth ratio of 4.43 and a beta of 2.83. Shopify Inc. has a 12 month low of $69.84 and a 12 month high of $182.19. The stock’s 50-day moving average is $146.72 and its 200-day moving average is $150.52.

Wall Street Analyst Weigh In

SHOP has been the subject of a number of analyst reports. Royal Bank Of Canada set a $170.00 price objective on shares of Shopify and gave the company an “outperform” rating in a research report on Thursday, February 12th. Stifel Nicolaus set a $115.00 price target on Shopify and gave the company a “hold” rating in a report on Wednesday, February 11th. TD Securities raised Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research note on Thursday, February 12th. Citizens Jmp decreased their price objective on Shopify from $200.00 to $160.00 and set a “market outperform” rating on the stock in a report on Thursday, February 12th. Finally, Citigroup reaffirmed a “buy” rating and issued a $172.00 price objective (down previously from $195.00) on shares of Shopify in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.64.

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.