Bogart Wealth LLC Lowers Position in Shopify Inc. $SHOP

Key Points

• Bogart Wealth LLC reduced its stake in Shopify by 24.3% in Q4, selling 16,563 shares and finishing the period with 51,588 shares valued at $8.304 million.
• SHOP opened at $122.05 (down 1.8%), trading in a 12‑month range of $88.14–$182.19, with a market cap of $159.17 billion, a P/E of 131.24 and a beta of 2.82.
• Analyst sentiment is broadly positive—three analysts rate Shopify a Strong Buy, 31 rate it Buy and 10 rate it Hold—giving a consensus "Moderate Buy" and an average price target of $162.46, with some upgrades (e.g., Scotiabank to $200).

Bogart Wealth LLC lessened its stake in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 24.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,588 shares of the software maker's stock after selling 16,563 shares during the quarter. Bogart Wealth LLC's holdings in Shopify were worth $8,304,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHOP. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Shopify during the fourth quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new stake in Shopify during the fourth quarter valued at $31,000. Sound Income Strategies LLC raised its stake in Shopify by 82.4% during the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock valued at $31,000 after purchasing an additional 89 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Shopify during the third quarter valued at $32,000. Finally, Caitlin John LLC purchased a new stake in Shopify during the third quarter valued at $36,000. Hedge funds and other institutional investors own 69.27% of the company's stock.

Shopify Stock Down 1.8%

SHOP stock opened at $122.05 on Wednesday. Shopify Inc. has a twelve month low of $88.14 and a twelve month high of $182.19. The stock has a market capitalization of $159.17 billion, a price-to-earnings ratio of 131.24, a price-to-earnings-growth ratio of 4.42 and a beta of 2.82. The firm's fifty day simple moving average is $122.55 and its two-hundred day simple moving average is $142.44.

Analysts Set New Price Targets

SHOP has been the topic of a number of recent research reports. Truist Financial set a $150.00 price target on shares of Shopify and gave the company a "buy" rating in a research note on Tuesday, February 17th. Phillip Securities raised shares of Shopify from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Scotiabank raised shares of Shopify from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $165.00 to $200.00 in a research note on Thursday, January 8th. Moffett Nathanson raised shares of Shopify from a "neutral" rating to a "buy" rating and set a $150.00 price target on the stock in a research note on Monday, February 9th. Finally, DZ Bank raised shares of Shopify from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 16th. Three 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. Based on data from MarketBeat.com, Shopify has an average rating of "Moderate Buy" and a consensus price target of $162.46.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Zacks and other analysts expect Shopify to report earnings growth and have the key ingredients for an earnings beat, which could be an upside catalyst if confirmed in the Q1 release. Shopify (SHOP) Earnings Expected to Grow
• Positive Sentiment: Analysts and bulls highlight long-term upside from agentic commerce, AI initiatives, and partnerships (including the Universal Commerce Protocol), with some price-target upgrades arguing for substantial upside if Shopify confirms strong GMV and revenue growth. Shopify Preview: Expensive, But Not Overhyped Ahead Of Q1
• Positive Sentiment: Company R&D on AI agents (Qwen3‑32B agent) and new automation tools could materially cut store automation costs and boost margins / product stickiness if rolled out broadly. Shopify Builds Qwen3-32B Agent
• Neutral Sentiment: Proactive notes Shopify heads into Q1 on “solid footing” but stresses the market will require a convincing beat, measured Q2 outlook, and visible agentic commerce progress — meaning the report could swing sentiment either way. Shopify set for solid Q1 as analysts eye agentic commerce progress
• Neutral Sentiment: Third‑party ecosystem news (agency private equity deals, partners expanding multi‑channel integrations) underscores healthy merchant demand but is unlikely to move the stock materially on its own. Shopify Plus agency secures £7.6m private equity investment
• Neutral Sentiment: Reddit testing a Shopify integration could broaden merchant channels if adopted, but impact is uncertain and likely gradual. Reddit Tests Shopping Tools To Turn High Intent Chats Into Ad Sales
• Negative Sentiment: Near-term technical pressure: headlines and market commentary note Shopify has already pulled back sharply YTD, the stock recently dipped in sessions, and current trading volume is below its average — raising the risk of further downside if the Q1 print disappoints. Shopify (SHOP) Stock Dips While Market Gains

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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