20,000 Shares in Shopify Inc. $SHOP Acquired by Aubrey Capital Management Ltd

Key Points

• Aubrey Capital Management Ltd opened a new position in Shopify during the fourth quarter, buying 20,000 shares valued at about $3.2 million. The stake represents roughly 1.3% of its portfolio.
• Shopify continues to attract institutional interest overall, with several other funds increasing or initiating holdings and institutional ownership at 69.27%.
• Despite strong recent operating results, including Q1 2026 revenue of $3.17 billion that beat estimates, the stock remains under pressure because of valuation concerns and mixed analyst sentiment.

Aubrey Capital Management Ltd purchased a new position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,000 shares of the software maker's stock, valued at approximately $3,219,000. Shopify accounts for about 1.3% of Aubrey Capital Management Ltd's portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pure Financial Advisors LLC grew its holdings in shares of Shopify by 11.7% in the 4th quarter. Pure Financial Advisors LLC now owns 4,322 shares of the software maker's stock worth $696,000 after acquiring an additional 454 shares during the period. Income Insurance Ltd purchased a new stake in Shopify in the 4th quarter valued at approximately $605,000. Advisor OS LLC lifted its stake in Shopify by 11.8% in the 4th quarter. Advisor OS LLC now owns 5,053 shares of the software maker's stock valued at $813,000 after buying an additional 535 shares in the last quarter. Midwest Trust Co lifted its stake in Shopify by 1.6% in the 4th quarter. Midwest Trust Co now owns 63,985 shares of the software maker's stock valued at $10,300,000 after buying an additional 985 shares in the last quarter. Finally, Ebert Capital Management Inc. purchased a new stake in Shopify in the 4th quarter valued at approximately $604,000. Institutional investors and hedge funds own 69.27% of the company's stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify’s Q1 2026 results showed strong revenue growth, robust gross merchandise volume, and continued free-cash-flow strength, reinforcing that the core business is still expanding. Shopify's Revenue Is Surging, but Stock Falls. Here's Why It's a Buying Opportunity.
• Positive Sentiment: Cathie Wood reportedly bought about $32 million of Shopify after the earnings report, which may be seen as a vote of confidence from a high-profile growth investor. Cathie Wood buys $32M of e-commerce goliath after strong earnings
• Positive Sentiment: AI is increasingly being highlighted as a growth driver for Shopify’s merchant tools and platform, supporting the longer-term growth narrative. Shopify's Revenue Is Surging, but Stock Falls. Here's Why It's a Buying Opportunity.
• Neutral Sentiment: Several brokerages adjusted price targets this week, with some lowering targets but others reaffirming bullish views such as RBC’s outperform rating, suggesting expectations remain divided rather than clearly negative. Shopify NASDAQ: SHOP Receives Outperform Rating from Royal Bank Of Canada
• Neutral Sentiment: Commentary around unusual options activity and Shopify’s inclusion in high-conviction ETF holdings points to continued investor interest, but not necessarily a near-term catalyst. Unusual Shopify stock options activity signals a unique trade for income and upside
• Negative Sentiment: Recent coverage says Shopify’s valuation remains a near-term headwind, which helps explain why the stock has been sliding despite strong operating results. As Shopify Sinks 14% Following Earnings, Here's What Barchart Data Says Comes Next for SHOP Stock
• Negative Sentiment: Some investors remain cautious after the earnings report, arguing the stock is still too expensive and that patience may be needed before the shares can recover. MarketBeat Week in Review – 05/04 - 05/08

Shopify Price Performance

NASDAQ:SHOP opened at $110.00 on Monday. The business's 50-day moving average is $121.76 and its two-hundred day moving average is $140.96. Shopify Inc. has a 12 month low of $88.90 and a 12 month high of $182.19. The firm has a market capitalization of $143.45 billion, a PE ratio of 108.91, a price-to-earnings-growth ratio of 3.11 and a beta of 2.64.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last released its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.08 billion. Equities analysts anticipate that Shopify Inc. will post 1.36 EPS for the current year.

Analyst Ratings Changes

SHOP has been the topic of a number of recent research reports. KeyCorp reaffirmed an "overweight" rating and issued a $160.00 target price on shares of Shopify in a research note on Wednesday, February 11th. Stifel Nicolaus set a $115.00 price target on Shopify and gave the stock a "hold" rating in a research note on Wednesday, February 11th. Oppenheimer reissued an "outperform" rating and set a $175.00 price target on shares of Shopify in a research note on Wednesday. Weiss Ratings lowered Shopify from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Finally, ATB Cormark Capital Markets raised Shopify from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Shopify has an average rating of "Moderate Buy" and a consensus target price of $158.42.

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.

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