Orion Porfolio Solutions LLC Trims Stock Position in Shopify Inc. $SHOP

Key Points

• Orion Portfolio Solutions LLC trimmed its Shopify stake by 21.6%, selling 18,176 shares in Q3 and ending the period with 65,912 shares valued at about $9.795 million per its SEC filing.
• Other large institutions were net buyers or allocators — Vanguard, Jennison and Loomis Sayles増 and Norges Bank initiated a sizable position — leaving institutional ownership at about 69.27% of the float.
• Positive corporate catalysts (Q4 beat, Q1 FY26 guidance calling for low‑30s revenue growth, expanding AI products) plus a board‑authorized $2 billion buyback have lifted sentiment; analysts show a "Moderate Buy" consensus with an average price target near $162.64.

Orion Porfolio Solutions LLC trimmed its holdings in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 21.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,912 shares of the software maker's stock after selling 18,176 shares during the period. Orion Porfolio Solutions LLC's holdings in Shopify were worth $9,795,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Shopify by 1.2% during the third quarter. Vanguard Group Inc. now owns 49,926,824 shares of the software maker's stock worth $7,417,517,000 after buying an additional 610,129 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Shopify by 64.3% during the third quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker's stock valued at $2,812,211,000 after acquiring an additional 7,403,821 shares during the last quarter. Norges Bank purchased a new stake in Shopify during the 2nd quarter worth about $1,794,952,000. Loomis Sayles & Co. L P increased its position in Shopify by 1.3% during the 2nd quarter. Loomis Sayles & Co. L P now owns 14,622,787 shares of the software maker's stock worth $1,686,738,000 after purchasing an additional 191,824 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Shopify by 19.9% in the 2nd quarter. Geode Capital Management LLC now owns 10,731,795 shares of the software maker's stock valued at $1,247,007,000 after purchasing an additional 1,781,530 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Analysts point to Shopify’s expanding AI-powered product set (Sidekick, Agentic Commerce, UCP) and a "Rule of 47.3%" performance that signal durable SaaS economics and a widening moat. Shopify's Rule Of 47.3% And Leading SaaS Position Doesn't Come Cheap
• Positive Sentiment: Recent sell‑side upgrades and a board‑authorized $2 billion share repurchase program have lifted sentiment and likely drew incremental buying today. Shopify jumps as recent analyst upgrades and buyback plan bolster sentiment
• Positive Sentiment: Q4 beat (+31% YoY revenue) and Q1 FY26 guidance calling for low‑30s revenue growth reinforce the growth narrative and justify higher multiple expectations for now. Shopify: An AI Winner Not A Loser (Rating Upgrade)
• Positive Sentiment: Third‑party ecosystem expansion (Dotdigital’s acquisition of Alia, a Shopify‑focused AI emailing/list‑growth tool) strengthens the platform effect and merchant adoption. Dotdigital Group plc acquires Alia Software Inc. to power smarter audience growth and accelerate Shopify expansion
• Neutral Sentiment: Coverage notes Shopify is gaining U.S. e‑commerce share and pushing new AI tools, but some investors are still "testing" conviction as adoption scales. Shopify AI Push And Market Share Gains Test Investor Confidence
• Neutral Sentiment: Quarterly investor letters and fund commentary (e.g., Baron Capital) highlight Shopify’s Q4 strength, supporting institutional interest but not a guaranteed short‑term catalyst. Strong Results Lifted Shopify (SHOP) in Q4
• Negative Sentiment: Large institutional reallocations (notably multi‑hundred‑million dollar reductions by some funds) and uneven hedge‑fund flows make the stock prone to sharp moves on sentiment changes. Shopify jumps as recent analyst upgrades and buyback plan bolster sentiment
• Negative Sentiment: Analysts warn of gross‑margin pressure from business mix and near‑term free‑cash‑flow margin contraction, which could limit multiple expansion if margins don’t stabilize. Shopify: An AI Winner Not A Loser (Rating Upgrade)

Shopify Stock Performance

NASDAQ SHOP opened at $134.79 on Friday. The firm has a market capitalization of $175.48 billion, a price-to-earnings ratio of 144.94, a PEG ratio of 4.72 and a beta of 2.83. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The company's 50 day moving average price is $138.11 and its 200 day moving average price is $149.08.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SHOP shares. UBS Group lowered their price target on shares of Shopify from $165.00 to $145.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. TD Cowen upgraded shares of Shopify from a "hold" rating to a "buy" rating and set a $159.00 target price on the stock in a research report on Wednesday, February 11th. Arete Research set a $175.00 price target on Shopify in a report on Monday, February 2nd. Bank of America increased their price target on Shopify from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Wednesday, December 17th. Finally, Citizens Jmp decreased their price objective on Shopify from $200.00 to $160.00 and set a "market outperform" rating on the stock in a report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $162.64.

Shopify 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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