Ballentine Partners LLC Sells 10,055 Shares of Shopify Inc. $SHOP

Key Points

• Ballentine Partners LLC cut its Shopify stake by 66.7% in the fourth quarter, selling 10,055 shares and leaving it with 5,022 shares worth about $808,000.
• Shopify shares were trading around $110.00, below both the 50-day and 200-day moving averages, as investors continued to weigh the stock’s high valuation against strong operating performance.
• Despite mixed sentiment, analysts remain generally constructive: the stock has a Moderate Buy consensus rating with an average price target of $158.42, while several firms recently maintained or raised bullish ratings.

Ballentine Partners LLC lowered its position in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 66.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,022 shares of the software maker's stock after selling 10,055 shares during the quarter. Ballentine Partners LLC's holdings in Shopify were worth $808,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Shopify during the 4th quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Shopify in the 4th quarter worth about $31,000. Sound Income Strategies LLC raised its holdings in shares of Shopify by 82.4% in the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock worth $31,000 after acquiring an additional 89 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Shopify in the 3rd quarter valued at about $32,000. Finally, Caitlin John LLC purchased a new stake in Shopify in the 3rd quarter valued at about $36,000. Institutional investors own 69.27% of the company's stock.

Shopify Stock Down 0.4%

Shopify stock opened at $110.00 on Monday. The firm has a fifty day simple moving average of $121.76 and a two-hundred day simple moving average of $140.96. Shopify Inc. has a twelve month low of $88.90 and a twelve month high of $182.19. The company has a market capitalization of $143.45 billion, a PE ratio of 108.91, a P/E/G 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The firm had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.08 billion. As a group, equities analysts expect that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Shopify News Summary

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their price objective 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. Mizuho raised shares of Shopify from a "neutral" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Thursday, February 12th. Truist Financial set a $150.00 price target on shares of Shopify and gave the company a "buy" rating in a report on Tuesday, February 17th. Moffett Nathanson raised shares of Shopify from a "neutral" rating to a "buy" rating and set a $150.00 price target for the company in a report on Monday, February 9th. Finally, DZ Bank raised shares of Shopify from a "hold" rating to a "strong-buy" rating in a report on Monday, February 16th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $158.42.

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.

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