Investment Insight Wealth Management LLC Makes New Investment in Shopify Inc. $SHOP

Key Points

• Investment Insight Wealth Management bought a new stake in Shopify in the fourth quarter, purchasing 22,634 shares worth about $3.64 million. The position makes Shopify the fund’s 8th-largest holding and about 3.6% of its portfolio.
• Other institutional investors also added to Shopify, and the article notes that hedge funds and institutions own 69.27% of the company’s shares. This suggests continued broad institutional interest in the stock.
• Recent company and analyst news has been mixed but generally constructive: shareholders backed management and the company’s AI strategy, Shopify approved a US$5 billion buyback, and Wall Street’s consensus rating remains “Moderate Buy” with a target price of $157.17.

Investment Insight Wealth Management LLC purchased a new stake in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,634 shares of the software maker's stock, valued at approximately $3,643,000. Shopify accounts for approximately 3.6% of Investment Insight Wealth Management LLC's investment portfolio, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHOP. Kingdom Financial Group LLC. bought a new stake in Shopify during the fourth quarter valued at approximately $26,000. Curio Wealth LLC purchased a new stake in Shopify during the fourth quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Shopify in the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new position in Shopify in the fourth quarter worth approximately $31,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Shopify by 82.4% during 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. Hedge funds and other institutional investors own 69.27% of the company's stock.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reaffirmed shareholder support at its 2026 annual meeting, with management proposals approved, all director nominees elected, and investors backing the company’s current AI strategy by rejecting a separate AI policy proposal. Shopify (SHOP) Backs Management At 2026 Meeting As Shareholders Reject AI Policy
• Positive Sentiment: Shopify’s expanded US$5 billion share repurchase authorization signals confidence from the board and provides a potential source of support for the stock. What Shopify (SHOP)'s US$5 Billion Buyback and AI Commerce Push Means For Shareholders
• Positive Sentiment: New app ecosystem releases from partners like Bloomreach and Loox highlight continued merchant demand for Shopify-related tools, reinforcing platform engagement and developer activity. New Sidekick Extension in Loomi for Shopify Gives Merchants Instant Search Ranking Visibility
• Neutral Sentiment: Analysts continue to rate Shopify around “Moderate Buy,” suggesting a generally constructive but not overly bullish Street view. Shopify Inc. NASDAQ: SHOP Given Average Rating of "Moderate Buy" by Analysts
• Neutral Sentiment: Shopify also disclosed results from its 2026 annual shareholder meeting, another event that mainly confirms governance and capital-allocation decisions already in focus. Shopify Inc.: Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Negative Sentiment: Shopify stock fell notably as part of a broader market move, with investor sentiment likely weighed by the recent decline rather than a single negative operating headline. Shopify (SHOP) Declines More Than Market: Some Information for Investors

Shopify Price Performance

Shares of SHOP stock opened at $108.85 on Friday. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The company's fifty day moving average price is $113.40 and its 200-day moving average price is $130.09. The company has a market capitalization of $141.25 billion, a price-to-earnings ratio of 107.77, a PEG ratio of 3.03 and a beta of 2.60.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $998.78. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Shopify had a return on equity of 12.07% and a net margin of 10.77%. Equities research analysts expect that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SHOP has been the subject of a number of recent research reports. Piper Sandler reissued an "overweight" rating and set a $150.00 price objective (down from $165.00) on shares of Shopify in a research report on Tuesday, May 5th. DA Davidson decreased their target price on Shopify from $195.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 6th. UBS Group reiterated a "neutral" rating on shares of Shopify in a research report on Thursday, May 28th. Barclays set a $126.00 price target on Shopify and gave the company an "equal weight" rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $140.00 price target (down from $150.00) on shares of Shopify in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.17.

About Shopify

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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