Rare Wolf Capital LLC Buys Shares of 11,824 Shopify Inc. $SHOP

Key Points

• Rare Wolf Capital LLC opened a new position in Shopify in the fourth quarter, buying 11,824 shares worth about $1.9 million. Shopify now represents about 1.2% of the fund’s holdings.
• Institutional interest in Shopify remains strong, with 69.27% of shares held by institutional investors and hedge funds. Several smaller firms also reported new positions in the stock.
• Analysts remain generally positive on Shopify, with a consensus rating of “Moderate Buy” and an average price target of $157.17. Recent reports included multiple buy ratings, though some firms trimmed their targets.

Rare Wolf Capital LLC bought a new position in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,824 shares of the software maker's stock, valued at approximately $1,903,000. Shopify accounts for about 1.2% of Rare Wolf Capital LLC's holdings, making the stock its 18th biggest holding.

A number of other institutional investors have also made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new stake in Shopify in the fourth quarter valued at approximately $26,000. Curio Wealth LLC purchased a new position in shares of Shopify during the fourth quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shopify during the fourth quarter worth $29,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Shopify in the fourth quarter valued at $31,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Shopify in the 4th quarter valued at $31,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SHOP. Royal Bank Of Canada reissued an "outperform" rating and set a $170.00 target price on shares of Shopify in a research note on Wednesday, May 6th. Robert W. Baird set a $150.00 target price on Shopify in a research report on Wednesday, May 6th. DA Davidson cut their price target on shares of Shopify from $195.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 6th. National Bank Financial reduced their price target on shares of Shopify from $200.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 27th. Finally, Barclays set a $126.00 price objective on shares of Shopify and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $157.17.

Shopify News Summary

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 Stock Up 0.7%

Shares of Shopify stock opened at $108.85 on Friday. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The company has a 50 day moving average of $113.40 and a 200 day moving average of $130.09. The company has a market capitalization of $141.25 billion, a P/E ratio of 107.77, a P/E/G ratio of 3.03 and a beta of 2.60.

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 the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The company had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.08 billion. As a group, research analysts anticipate that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

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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