Alight Capital Management LP Buys New Stake in Shopify Inc. $SHOP

Alight Capital Management LP purchased a new position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the software maker’s stock, valued at approximately $7,430,000. Shopify makes up approximately 1.6% of Alight Capital Management LP’s investment portfolio, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Anchor Investment Management LLC boosted its stake in Shopify by 836.0% during the third quarter. Anchor Investment Management LLC now owns 7,582 shares of the software maker’s stock valued at $1,127,000 after buying an additional 6,772 shares during the last quarter. Aristotle Atlantic Partners LLC purchased a new position in Shopify during the 3rd quarter valued at approximately $13,931,000. Arkos Global Advisors bought a new stake in Shopify in the 3rd quarter worth approximately $641,000. 44 Wealth Management LLC purchased a new stake in shares of Shopify during the 3rd quarter worth approximately $223,000. Finally, JAT Capital Mgmt LP bought a new position in shares of Shopify during the 3rd quarter valued at approximately $1,858,000. Institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SHOP. UBS Group reduced their price target on shares of Shopify from $165.00 to $145.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Evercore set a $135.00 price objective on shares of Shopify in a research report on Wednesday, February 11th. Scotiabank raised shares of Shopify from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $165.00 to $200.00 in a research note on Thursday, January 8th. BMO Capital Markets set a $160.00 target price on shares of Shopify in a report on Thursday, February 12th. Finally, KeyCorp restated an “overweight” rating and set a $160.00 target price on shares of Shopify in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $163.38.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $122.96 on Friday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The company has a market cap of $160.07 billion, a price-to-earnings ratio of 132.22, a PEG ratio of 4.41 and a beta of 2.83. The business’s 50 day moving average price is $133.91 and its 200-day moving average price is $148.67.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies raised its price target after OpenAI decided not to enable in‑ChatGPT purchases, which Jefferies views as reducing a competitive threat to Shopify’s checkout and payments opportunity. This upgrade supports upside to monetization of AI-driven commerce. Jefferies Raises PT on Shopify (SHOP) Following OpenAI Decision
• Positive Sentiment: Piper Sandler initiated coverage with an “Overweight” rating and a $165 PT (~34% upside from the current level), citing payments and merchant growth as key drivers. Analyst coverage and a constructive PT can attract buyers. Benzinga Coverage Note
• Positive Sentiment: Shopify is embedding AI across commerce—enabling AI assistants to surface merchant catalogs and route transactions through Shopify’s checkout/payments—which could increase GMV capture and revenue per merchant if adoption scales. Shopify Bets Big on AI Commerce: Is it the Next Growth Catalyst?
• Positive Sentiment: Shopify’s Klaviyo integration (Locale Aware Catalogs) strengthens its enterprise and global merchant proposition by automating localized catalogs, pricing and marketing — a product move that targets larger brands and cross‑sell opportunities. Shopify And Klaviyo Integration Highlights Global Ambitions And Valuation Tension
• Positive Sentiment: Longer‑term bullish narratives: commentary (e.g., Motley Fool) places Shopify among AI winners that could materially expand value over several years, supporting a growth story for patient investors. Prediction: 2 AI Stocks Will Be Worth More Than Palantir Technologies in 5 Years
• Neutral Sentiment: Zacks notes the stock is up ~14% since the last earnings report, signaling recent momentum but asking whether that trend can continue without clearer earnings leverage. Shopify (SHOP) Up 14% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: Zacks also highlights SHOP has declined ~11% over six months, reflecting recent volatility and investor concern about execution/valuation despite AI momentum. SHOP Declines 11% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Service reliability concern — Downdetector reported outages affecting thousands of users; repeated or high‑impact outages can dent merchant trust and short‑term GMV. Shopify Down for Thousands of Users, Downdetector Reports
• Negative Sentiment: Valuation and technical pressure — SHOP trades below its 50‑ and 200‑day moving averages, has a high trailing P/E (~132) and elevated PEG (~4.65), which increases sensitivity to any slowdown in revenue/monetization.

Shopify 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.