Aristotle Atlantic Partners LLC Lowers Position in Shopify Inc. $SHOP

Key Points

• Aristotle Atlantic Partners sharply reduced its Shopify stake in the fourth quarter, selling 78,702 shares and cutting its position by 84% to 15,039 shares worth about $2.42 million.
• Other big institutions remain heavily invested in Shopify, including Vanguard, Norges Bank, and Geode Capital, and institutional ownership overall stands at 69.27% of the company.
• Shopify reported strong quarterly results, with revenue of $3.17 billion beating expectations, while analysts still view the stock as a Moderate Buy with an average price target of $157.17.

Aristotle Atlantic Partners LLC lessened its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 84.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,039 shares of the software maker's stock after selling 78,702 shares during the quarter. Aristotle Atlantic Partners LLC's holdings in Shopify were worth $2,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Shopify by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker's stock valued at $8,158,643,000 after buying an additional 743,803 shares in the last quarter. Norges Bank bought a new position in shares of Shopify during the fourth quarter valued at approximately $2,611,797,000. Geode Capital Management LLC increased its stake in shares of Shopify by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker's stock valued at $2,043,365,000 after purchasing an additional 737,892 shares in the last quarter. Sands Capital Management LLC increased its stake in shares of Shopify by 37.0% during the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker's stock valued at $1,530,187,000 after purchasing an additional 2,568,765 shares in the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Shopify by 2.2% during the fourth quarter. TD Asset Management Inc now owns 8,713,762 shares of the software maker's stock valued at $1,404,790,000 after purchasing an additional 185,252 shares in the last quarter. Institutional investors own 69.27% of the company's stock.

Shopify Stock Performance

SHOP opened at $108.09 on Thursday. The stock has a market capitalization of $140.26 billion, a P/E ratio of 107.02, a P/E/G ratio of 3.17 and a beta of 2.60. The company's 50-day simple moving average is $113.56 and its two-hundred day simple moving average is $130.44. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SHOP. Wells Fargo & Company decreased their target price on shares of Shopify from $166.00 to $144.00 and set an "overweight" rating for the company in a research note on Wednesday, May 6th. Citizens Jmp cut their price objective on shares of Shopify from $160.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Wednesday, May 6th. Canaccord Genuity Group cut their price objective on shares of Shopify from $165.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, May 6th. National Bank Financial cut their price objective on shares of Shopify from $200.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 27th. Finally, DA Davidson cut their price objective on shares of Shopify from $195.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, May 6th. Two investment 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.17.

Trending Headlines about Shopify

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

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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