Cobblestone Capital Advisors LLC NY Decreases Stock Position in Shopify Inc. $SHOP

Cobblestone Capital Advisors LLC NY cut its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,047 shares of the software maker’s stock after selling 4,359 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Shopify were worth $5,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. acquired a new stake in Shopify during the 2nd quarter worth $27,000. Rothschild Investment LLC boosted its position in Shopify by 47.5% during the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in Shopify during the 3rd quarter valued at about $27,000. Estabrook Capital Management acquired a new stake in Shopify in the 2nd quarter valued at about $29,000. Finally, Access Investment Management LLC purchased a new position in Shopify in the 2nd quarter worth approximately $31,000. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Trading Down 4.1%

Shares of NASDAQ:SHOP opened at $120.73 on Monday. The company has a market capitalization of $157.17 billion, a price-to-earnings ratio of 129.82, a PEG ratio of 4.40 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 business has a 50-day moving average price of $141.56 and a 200 day moving average price of $149.63.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Large buyback and AI roadmap — Shopify announced a US$2 billion share buyback and introduced agentic storefronts plus the Universal Commerce Protocol, signaling aggressive capital return and a push to embed AI into merchants’ stacks, which can support revenue and margin expansion over time. Shopify Buyback And AI Push Test Valuation And Growth Expectations
• Positive Sentiment: GMV growth and AI integration — Portfolio commentary and independent coverage point to reaccelerating GMV coupled with deeper AI integration, reinforcing the case that product-led improvements are translating into merchant activity and payment/fulfillment revenue. Shopify (SHOP) GMV Growth Reaccelerates as AI Integration Strengthens Investment Case
• Neutral Sentiment: Industry AI tooling evolution — Third‑party AI imaging and product-fidelity advances (Rewarx Studio) highlight broader e‑commerce tooling improvements that benefit platforms like Shopify indirectly; helpful for merchant UX but not an immediate revenue catalyst. How Rewarx Studio AI is Solving the Fidelity Crisis in AI Product Photography: A Data-Driven Leap Across Global E-commerce Brands
• Neutral Sentiment: Investor interest and coverage — Multiple retail analyst/coverage pieces (Zacks, Seeking Alpha comparisons) are driving attention and search volume; these increase liquidity and volatility but offer mixed buy/sell signals. Is Trending Stock Shopify Inc. (SHOP) a Buy Now?
• Negative Sentiment: Analyst price-target cut and valuation pressure — Jefferies lowered its price target (from $160 to $125), citing softer software-sector multiples and valuation risk; with SHOP trading well above its 52‑week low and still a high P/E, this weighs on near-term sentiment. Shopify Inc’s (SHOP) Target Price Lowered Amid Lower Software Valuation Concerns
• Negative Sentiment: Profit-taking after recent run and technicals — The stock’s drop comes amid a recent run-up, lower intraday volume versus average, and price sitting below its 50- and 200-day moving averages, which can trigger momentum-driven selling. Why Shopify (SHOP) Stock Is Up Today

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Truist Financial set a $150.00 price target on Shopify and gave the company a “buy” rating in a research report on Tuesday, February 17th. TD Cowen upgraded Shopify from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a report on Wednesday, February 11th. DA Davidson lifted their price target on Shopify from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Raymond James Financial reissued a “market perform” rating on shares of Shopify in a research report on Monday, December 1st. Finally, Scotiabank raised shares of Shopify from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $165.00 to $200.00 in a report on Thursday, January 8th. Two 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 stock. According to data from MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and an average 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.