Intact Investment Management Inc. Trims Stake in Shopify Inc. $SHOP

Intact Investment Management Inc. lowered its stake in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 31.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,754 shares of the software maker's stock after selling 122,080 shares during the quarter. Shopify makes up about 1.2% of Intact Investment Management Inc.'s holdings, making the stock its 21st biggest position. Intact Investment Management Inc.'s holdings in Shopify were worth $42,789,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC lifted its stake in 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 buying an additional 59 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in Shopify by 1.8% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker's stock valued at $587,000 after buying an additional 70 shares in the last quarter. Seros Financial LLC lifted its stake in Shopify by 2.7% in the 3rd quarter. Seros Financial LLC now owns 2,856 shares of the software maker's stock valued at $424,000 after buying an additional 75 shares in the last quarter. First Affirmative Financial Network lifted its stake in Shopify by 3.4% in the 3rd quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker's stock valued at $338,000 after buying an additional 75 shares in the last quarter. Finally, TBH Global Asset Management LLC lifted its stake in Shopify by 1.2% in the 4th quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker's stock valued at $1,036,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SHOP. Arete Research set a $175.00 target price on Shopify in a research note on Monday, February 2nd. Piper Sandler started coverage on Shopify in a report on Thursday, March 12th. They issued an "overweight" rating and a $165.00 price target for the company. DZ Bank upgraded Shopify from a "hold" rating to a "strong-buy" rating in a report on Monday, February 16th. BMO Capital Markets set a $160.00 price target on Shopify in a report on Thursday, February 12th. Finally, UBS Group cut their price target on Shopify from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. Three investment 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, the company currently has an average rating of "Moderate Buy" and an average target price of $162.46.

Shopify Price Performance

SHOP stock opened at $127.67 on Monday. The company has a market cap of $166.50 billion, a price-to-earnings ratio of 137.28, a PEG ratio of 4.54 and a beta of 2.64. The business has a fifty day simple moving average of $122.49 and a 200-day simple moving average of $141.99. Shopify Inc. has a 52 week low of $88.14 and a 52 week high of $182.19.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is positioning itself at the center of "agentic commerce," enabling merchants to sell through ChatGPT, Gemini and Copilot while building an AI-powered checkout/payments backbone — a narrative that supports long-term revenue and take-rate expansion. META vs. SHOP: Which Stock Leads the AI Commerce Revolution?
• Positive Sentiment: Analysts' consensus target (~$162.70) sits well above the current market price, implying meaningful upside and helping lift sentiment among growth investors. Shopify Inc. NASDAQ: SHOP Receives $162.70 Consensus Target Price from Analysts
• Positive Sentiment: Shopify is actively pursuing money-transmitter licenses and other regulatory approvals to expand its fintech and payment offerings, which could boost margins and recurring revenue over time if approved. Shopify Seeks Regulators' OK to Become Money Transmitter
• Positive Sentiment: Third-party partners are launching Shopify-focused AI tools (e.g., Bloomreach’s Loomi) that enhance personalization and conversion — ecosystem momentum that can amplify merchant success on the platform. Bloomreach Launches Loomi AI for Shopify
• Neutral Sentiment: Smaller integrations (e.g., reAlpha/AiChat conversational commerce) and stories about merchant use cases (vinyl sellers) highlight ecosystem activity but are unlikely to move the stock materially by themselves. reAlpha Announces AiChat Launch of Shopify Conversational Commerce Integration
• Neutral Sentiment: Articles digging into Q1 metrics and bullish retail write-ups provide detail and varied perspectives; they inform investor models but don’t change the core bull/bear case by themselves. Exploring Analyst Estimates for Shopify (SHOP) Q1 Earnings
• Negative Sentiment: An analyst who earlier issued the lone sell rating says it’s still too soon to buy after the selloff, reminding investors that valuation and execution risks remain and keeping some downside pressure on sentiment. Shopify Analyst Who Saw Selloff Coming Says It’s Too Soon to Buy
• Negative Sentiment: A reported service outage drew short-term attention to reliability risks for merchants; operational hiccups can dent near-term confidence if they recur. Is Shopify down? Shopify status after morning outage

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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