Perpetual Ltd Has $1.80 Million Stake in Shopify Inc. $SHOP

Perpetual Ltd lowered its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 93.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,184 shares of the software maker’s stock after selling 162,385 shares during the period. Perpetual Ltd’s holdings in Shopify were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Investment Research & Advisory Group Inc. raised its holdings in Shopify by 3,206.3% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 7,373 shares of the software maker’s stock worth $1,187,000 after acquiring an additional 7,150 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Shopify by 485.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,437 shares of the software maker’s stock valued at $553,000 after purchasing an additional 2,850 shares during the last quarter. Element Squared LLC bought a new position in Shopify in the fourth quarter valued at approximately $1,116,000. StoneCrest Wealth Management Inc. grew its stake in Shopify by 2.6% in the fourth quarter. StoneCrest Wealth Management Inc. now owns 9,613 shares of the software maker’s stock valued at $1,547,000 after purchasing an additional 244 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its position in shares of Shopify by 3.7% during the 4th quarter. Perigon Wealth Management LLC now owns 8,647 shares of the software maker’s stock worth $1,392,000 after purchasing an additional 306 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SHOP. Needham & Company LLC reissued a “buy” rating and issued a $180.00 target price on shares of Shopify in a research note on Thursday, February 12th. Mizuho raised shares of Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Thursday, February 12th. BMO Capital Markets set a $160.00 price objective on shares of Shopify in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Shopify in a research note on Friday, March 27th. Finally, Robert W. Baird set a $160.00 target price on shares of Shopify in a report on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.38.

Shopify News Summary

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

Shopify Price Performance

Shares of Shopify stock opened at $118.25 on Friday. The business has a fifty day simple moving average of $122.52 and a two-hundred day simple moving average of $146.12. Shopify Inc. has a 1 year low of $69.84 and a 1 year high of $182.19. The company has a market capitalization of $154.21 billion, a price-to-earnings ratio of 127.15, a P/E/G ratio of 4.24 and a beta of 2.82.

Shopify Company 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.