Baillie Gifford & Co. Trims Stock Holdings in Shopify Inc. $SHOP

Key Points

• Baillie Gifford cut its Shopify stake by 12.0% in Q4, selling about 4.24 million shares and retaining 31.21 million shares, with Shopify remaining its fourth-largest holding (~4.2% of the fund).
• Analyst sentiment is broadly positive — Shopify has a consensus rating of Moderate Buy and an average price target of $162.70, with multiple firms recently raising ratings/targets into the $150–$170 range.
• Shopify opened at $110.79, trades in a 1‑year range of $78.00–$182.19, and carries a market cap of about $144.5 billion and a high P/E of 119.13, suggesting elevated valuation and volatility (beta 2.82).

Baillie Gifford & Co. reduced its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,206,232 shares of the software maker's stock after selling 4,237,555 shares during the quarter. Shopify makes up about 4.2% of Baillie Gifford & Co.'s portfolio, making the stock its 4th largest position. Baillie Gifford & Co. owned 2.40% of Shopify worth $5,023,268,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC boosted its stake in shares of Shopify by 1.7% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker's stock valued at $512,000 after purchasing an additional 59 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in Shopify by 2.0% during the third quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker's stock worth $526,000 after acquiring an additional 67 shares in the last quarter. Moloney Securities Asset Management LLC boosted its stake in Shopify by 1.8% during the third quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker's stock worth $587,000 after acquiring an additional 70 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Shopify by 0.9% during the third quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker's stock worth $1,228,000 after acquiring an additional 75 shares in the last quarter. Finally, Seros Financial LLC boosted its stake in Shopify by 2.7% during the third quarter. Seros Financial LLC now owns 2,856 shares of the software maker's stock worth $424,000 after acquiring an additional 75 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Shopify Stock Performance

Shopify stock opened at $110.79 on Monday. Shopify Inc. has a 1-year low of $78.00 and a 1-year high of $182.19. The firm has a market capitalization of $144.48 billion, a price-to-earnings ratio of 119.13, a price-to-earnings-growth ratio of 3.93 and a beta of 2.82. The firm's fifty day moving average price is $120.35 and its two-hundred day moving average price is $144.82.

Analysts Set New Price Targets

SHOP has been the topic of several research analyst reports. Royal Bank Of Canada set a $170.00 target price on shares of Shopify and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Wolfe Research raised shares of Shopify from a "hold" rating to an "outperform" rating in a research note on Tuesday, January 6th. Canaccord Genuity Group set a $165.00 target price on shares of Shopify and gave the stock a "buy" rating in a research note on Thursday, February 12th. KeyCorp reissued an "overweight" rating and set a $160.00 target price on shares of Shopify in a research note on Wednesday, February 11th. Finally, Moffett Nathanson raised shares of Shopify from a "neutral" rating to a "buy" rating and set a $150.00 target price on the stock in a research note on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Shopify currently has a consensus rating of "Moderate Buy" and an average price target of $162.70.

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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