Altshuler Shaham Ltd Makes New Investment in Shopify Inc. $SHOP

Key Points

• Altshuler Shaham Ltd disclosed a new fourth-quarter stake in Shopify, buying 377,648 shares worth about $60.8 million.
• Several other institutional investors also added to or initiated positions in Shopify, and institutions/hedge funds now own 69.27% of the company’s stock.
• Analysts remain broadly constructive on Shopify, with a Moderate Buy consensus and an average price target of $157.17, even as some firms trimmed targets or held neutral ratings.

Altshuler Shaham Ltd bought a new stake in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 377,648 shares of the software maker's stock, valued at approximately $60,790,000.

A number of other large investors have also recently modified their holdings of SHOP. Brighton Jones LLC boosted its holdings 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 purchasing an additional 584 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of 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 boosted its holdings in shares of 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. Osterweis Capital Management Inc. acquired a new stake in shares of Shopify in the 2nd quarter valued at $53,000. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Shopify by 15.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker's stock valued at $1,284,000 after purchasing an additional 1,479 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Canaccord Genuity Group cut their price objective on Shopify from $165.00 to $145.00 and set a "buy" rating on the stock in a report on Wednesday, May 6th. Weiss Ratings downgraded Shopify from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, May 6th. Barclays set a $126.00 price objective on Shopify and gave the company an "equal weight" rating in a report on Wednesday, May 6th. Royal Bank Of Canada reissued an "outperform" rating and set a $170.00 price objective on shares of Shopify in a report on Wednesday, May 6th. Finally, UBS Group reissued a "neutral" rating on shares of Shopify in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $157.17.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify shareholders approved all director nominees and reappointed PricewaterhouseCoopers as auditor at the 2026 annual meeting, while also backing executive compensation and rejecting a proposed AI policy, which supports management’s current AI strategy. Article title
• Positive Sentiment: Shopify’s $5 billion buyback authorization remains a bullish signal for investors because it gives the company flexibility to repurchase shares and support per-share value. Article title
• Positive Sentiment: Bloomreach launched a new Sidekick extension for its Loomi for Shopify app, adding instant search-ranking visibility for merchants and reinforcing Shopify’s expanding AI/app ecosystem. Article title
• Positive Sentiment: Loox launched Reviewers.com, a product-sampling platform built exclusively for Shopify brands, highlighting continued third-party product development around the Shopify merchant base. Article title
• Neutral Sentiment: Shopify announced the results of its 2026 annual meeting, but the filing itself does not indicate a major new catalyst for the stock beyond the governance outcome. Article title
• Negative Sentiment: Despite supportive strategic news, Shopify has still been trading lower, suggesting investors may be taking profits or focusing on valuation after a strong run. Article title

Shopify Price Performance

Shares of NASDAQ:SHOP opened at $108.09 on Thursday. The company has a market capitalization of $140.26 billion, a price-to-earnings ratio of 107.02, a P/E/G ratio of 3.17 and a beta of 2.60. The business's 50-day moving average is $113.56 and its 200-day moving average is $130.44. Shopify Inc. has a 1 year low of $94.00 and a 1 year high of $182.19.

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

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.

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