Caprock Group LLC Takes $2.71 Million Position in Shopify Inc. $SHOP

Caprock Group LLC bought a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,165 shares of the software maker’s stock, valued at approximately $2,708,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Shopify by 2.8% in the 4th 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 during the period. AQR Capital Management LLC increased its holdings 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 in the last quarter. Sivia Capital Partners LLC increased 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. CWM LLC raised its position in Shopify by 22.8% in the second quarter. CWM LLC now owns 15,840 shares of the software maker’s stock valued at $1,827,000 after purchasing an additional 2,939 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in shares of Shopify by 8.7% during the second quarter. Yousif Capital Management LLC now owns 15,114 shares of the software maker’s stock worth $1,743,000 after purchasing an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SHOP shares. Scotiabank upgraded Shopify from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $165.00 to $200.00 in a research note on Thursday, January 8th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Shopify in a report on Wednesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $180.00 price objective on shares of Shopify in a research note on Thursday. KeyCorp reissued an “overweight” rating and set a $160.00 target price on shares of Shopify in a research report on Wednesday. Finally, BMO Capital Markets set a $160.00 target price on shares of Shopify in a research note on Thursday. Thirty-one analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, Shopify presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.58.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Company beat revenue expectations with Q4 revenue up ~31%, strong GMV and Merchant Solutions growth, guided Q1 revenue above Street estimates and authorized a $2 billion buyback — supportive for cash generation and long‑term outlook. Shopify press release
• Positive Sentiment: Analyst upgrade: TD Securities raised Shopify from Hold to Buy with a $159 target, adding upward analyst pressure after the print. TD Securities upgrade
• Positive Sentiment: Needham reaffirmed a Buy with a $180 target, highlighting continued bullish institutional views despite recent volatility. Needham note
• Neutral Sentiment: Analysts and commentary note Shopify’s AI investments are expanding product monetization and improving cash flow, but the company trades at a premium vs. peers — mixed implication for near‑term multiples. Zacks analysis
• Neutral Sentiment: Management’s guidance called for continued high‑single to low‑30% revenue growth in Q1 — above consensus and a positive signal for growth trajectory, but it comes with planned higher operating spend. Reuters: guidance
• Negative Sentiment: Q4 EPS missed estimates (reported ~$0.46–$0.48 vs. ~$0.50 consensus) — investors focused on the earnings miss and margin pressure despite the revenue beat, triggering a post‑earnings selloff. Zacks earnings report
• Negative Sentiment: Several firms trimmed price targets today (UBS to $145 neutral rating; Wedbush/Citizens lowered to ~$160; Truist cut to $110), signaling analyst uncertainty on valuation and near‑term catalysts. Benzinga: analyst moves
• Negative Sentiment: Commentary raises risks around the buyback execution, short‑term volatility and margin mix (Merchant Solutions growth compressing gross margins), which could keep the stock under pressure until clarity on margins and buyback cadence. TipRanks buyback risk

Shopify Price Performance

Shares of SHOP stock opened at $110.66 on Friday. The firm has a fifty day moving average of $151.28 and a two-hundred day moving average of $150.74. The firm has a market cap of $144.06 billion, a P/E ratio of 118.99, a P/E/G ratio of 3.50 and a beta of 2.83. 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.