Crossmark Global Holdings Inc. Decreases Stock Holdings in Shopify Inc. $SHOP

Key Points

• Crossmark Global Holdings cut its Shopify stake by 27.3% in the fourth quarter, selling 12,108 shares and ending with 32,204 shares worth about $5.18 million.
• Other institutional investors were mixed on Shopify, with some adding positions while others started new ones; overall, 69.27% of the stock is owned by institutions.
• Analysts remain broadly positive despite some target-price cuts: Shopify has a Moderate Buy consensus rating with a $158.42 average price target, while the stock recently traded around $110.

Crossmark Global Holdings Inc. lessened its stake in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,204 shares of the software maker's stock after selling 12,108 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Shopify were worth $5,182,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Ethic Inc. raised its stake in Shopify by 13.9% during the 4th quarter. Ethic Inc. now owns 9,080 shares of the software maker's stock valued at $1,462,000 after buying an additional 1,109 shares during the last quarter. Ballast Inc. bought a new stake in shares of Shopify in the fourth quarter worth $296,000. Buck Wealth Strategies LLC bought a new stake in shares of Shopify in the fourth quarter worth $230,000. Connable Office Inc. purchased a new stake in Shopify during the fourth quarter valued at $956,000. Finally, Crestwood Advisors Group LLC lifted its holdings in Shopify by 0.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 48,947 shares of the software maker's stock valued at $7,879,000 after acquiring an additional 453 shares during the period. 69.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SHOP. BMO Capital Markets dropped their target price on Shopify from $160.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 6th. Phillip Securities upgraded shares of Shopify from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. ATB Cormark Capital Markets raised shares of Shopify from a "sector perform" rating to an "outperform" rating in a report on Tuesday, February 10th. Stifel Nicolaus set a $115.00 target price on shares of Shopify and gave the company a "hold" rating in a research report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $175.00 target price on shares of Shopify in a report on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.42.

Trending Headlines about Shopify

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

Shopify Trading Down 0.4%

NASDAQ:SHOP opened at $110.00 on Monday. The stock has a 50-day moving average price of $121.76 and a 200 day moving average price of $140.96. The stock has a market capitalization of $143.45 billion, a P/E ratio of 108.91, a P/E/G ratio of 3.11 and a beta of 2.64. Shopify Inc. has a 12-month low of $88.90 and a 12-month high of $182.19.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping 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 company had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.08 billion. On average, research analysts predict that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

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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