IFP Advisors Inc Decreases Stock Holdings in Shopify Inc. $SHOP

IFP Advisors Inc reduced its position in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 64.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,811 shares of the software maker’s stock after selling 13,939 shares during the period. IFP Advisors Inc’s holdings in Shopify were worth $1,161,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swiss Life Asset Management Ltd lifted its position in Shopify by 19.2% during the third quarter. Swiss Life Asset Management Ltd now owns 166,613 shares of the software maker’s stock valued at $24,788,000 after acquiring an additional 26,808 shares during the last quarter. Cambria Investment Management L.P. acquired a new stake in Shopify in the third quarter valued at approximately $375,000. Strategic Advocates LLC purchased a new position in Shopify in the third quarter worth $120,000. KERR FINANCIAL PLANNING Corp purchased a new position in Shopify in the third quarter worth $104,000. Finally, Keyes Stange & Wooten Wealth Management LLC acquired a new position in shares of Shopify during the third quarter worth $216,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SHOP shares. UBS Group lowered their price objective on Shopify from $165.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Piper Sandler assumed coverage on Shopify in a research note on Thursday, March 12th. They issued an “overweight” rating and a $165.00 price target for the company. DZ Bank upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Citizens Jmp lowered their price target on Shopify from $200.00 to $160.00 and set a “market outperform” rating for the company in a report on Thursday, February 12th. Finally, Mizuho upgraded shares of Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.38.

Shopify Trading Down 4.6%

Shares of NASDAQ:SHOP opened at $116.78 on Monday. 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 of $129.57 and a two-hundred day moving average of $148.12. The company has a market capitalization of $152.29 billion, a PE ratio of 125.57, a PEG ratio of 4.14 and a beta of 2.83.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Deepened Klaviyo integration should help Shopify win more enterprise customers and speed international expansion via Locale Aware Catalogs — a tangible product tie-up that supports merchant adoption and recurring revenue. Klaviyo integration
• Positive Sentiment: Analyst and commentary pieces highlight Shopify momentum from AI features and enterprise wins, which are the likely fundamental drivers that could re-accelerate growth if macro pressure eases. DoorDash vs Shopify
• Neutral Sentiment: Options commentary notes potential trading strategies (call spreads) offering asymmetric returns even if SHOP is flat or down — these are investor/derivative flows to watch but not direct company fundamentals. Options strategy
• Neutral Sentiment: Local agency ecosystem activity (Stellar Projects’ new AI playbook) underscores ongoing third‑party investment in Shopify’s platform in Europe — positive for long-term merchant adoption but limited near-term share impact. Stellar Projects
• Negative Sentiment: Shopify is a meaningful holding in Cathie Wood’s ARKK; heavy weightings in volatile tech names and recent ARKK outflows have amplified SHOP’s downside as investors rotate to defensive sectors. ARKK pressure
• Negative Sentiment: Broader tech weakness and comparisons with competitors (DoorDash, others) leave room for multiple headwinds: macro risk, competition on commerce/fulfillment, and high valuation multiples that make SHOP more sensitive in selloffs. Competitive & macro risks

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.