BXM Wealth LLC Acquires 7,149 Shares of Shopify Inc. $SHOP

BXM Wealth LLC lifted its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 240.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,124 shares of the software maker’s stock after buying an additional 7,149 shares during the quarter. BXM Wealth LLC’s holdings in Shopify were worth $1,630,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHOP. Secure Asset Management LLC lifted its position in Shopify by 1.8% during the 4th quarter. Secure Asset Management LLC now owns 4,724 shares of the software maker’s stock valued at $760,000 after acquiring an additional 83 shares during the period. Austin Private Wealth LLC boosted its stake in Shopify by 3.9% during the fourth quarter. Austin Private Wealth LLC now owns 2,650 shares of the software maker’s stock worth $427,000 after acquiring an additional 100 shares in the last quarter. Nvwm LLC grew its holdings in Shopify by 2.5% in the fourth quarter. Nvwm LLC now owns 10,652 shares of the software maker’s stock worth $1,715,000 after purchasing an additional 257 shares during the period. Ascent Group LLC grew its holdings in Shopify by 2.4% in the fourth quarter. Ascent Group LLC now owns 6,062 shares of the software maker’s stock worth $976,000 after purchasing an additional 144 shares during the period. Finally, Tran Capital Management L.P. bought a new position in shares of Shopify during the fourth quarter valued at approximately $223,000. 69.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of Shopify from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Citigroup reaffirmed a “buy” rating and set a $172.00 price objective (down from $195.00) on shares of Shopify in a research report on Friday, February 13th. Truist Financial set a $150.00 price objective on Shopify and gave the company a “buy” rating in a research note on Tuesday, February 17th. Moffett Nathanson raised Shopify from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Monday, February 9th. Finally, ATB Cormark Capital Markets raised Shopify from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.38.

Shopify Price Performance

Shares of NASDAQ SHOP opened at $118.25 on Monday. The firm has a market cap of $154.21 billion, a P/E ratio of 127.15, a PEG ratio of 4.24 and a beta of 2.82. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The company has a 50 day moving average of $122.52 and a 200 day moving average of $146.10.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Strong Q2 metrics and product momentum: A recent analysis highlights Shopify’s 30.6% Y/Y revenue growth, durable free‑cash‑flow gains, expanding Shop Pay/merchant solutions adoption, and a push of AI‑powered commerce tools that could deepen merchant engagement and broaden payments/discovery use cases — a fundamental driver for upside. AI Commerce Push And Strong Q2 Results Could Be A Game Changer For Shopify (SHOP)
• Positive Sentiment: Analyst consensus is favorable: Aggregated analyst ratings show a “Moderate Buy” consensus for SHOP, which can support demand if investors follow sell‑side guidance or if upgrades continue. Shopify Inc. (NASDAQ:SHOP) Receives Consensus Rating of “Moderate Buy” from Analysts
• Positive Sentiment: Buy‑on‑dip narrative: Market commentary grouping Shopify among attractive growth names amid a Nasdaq pullback could draw contrarian inflows from investors seeking long‑term exposure to commerce and AI tailwinds. Nasdaq Correction: 2 Outstanding Growth Stocks to Buy on the Dip
• Neutral Sentiment: Media pieces urging investors to “add Shopify” lean on average brokerage recommendations but also warn that sell‑side optimism can be overstated — useful context but not new company fundamentals. Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet
• Neutral Sentiment: Partner and ecosystem updates (third‑party storefront builders and integrations like TikTok Shop) increase merchant tooling and platform stickiness but are incremental versus Shopify’s core financial drivers. Emersoft Expands Its Unified Commerce Platform for Independent Bookstores to Include TikTok Shop Integration Sell The Trend Launches AI-Powered Shopify Store Builder to Help Entrepreneurs Go Live in Minutes
• Negative Sentiment: Critical/contrarian analysis: Some writeups pair Shopify with other small‑cap names in skeptical or critical analyses — such coverage can pressure sentiment if it raises concerns about valuation (SHOP’s P/E and PEG are elevated) or growth sustainability. iCoreConnect (NASDAQ:ICCT) & Shopify (NASDAQ:SHOP) Critical Analysis

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.