Shopify Inc. $SHOP Shares Sold by One Wealth Capital Management LLC

Key Points

• One Wealth Capital Management cut its Shopify stake by 88.2% in the third quarter, selling 12,708 shares and retaining 1,696 shares valued at approximately $252,000. Institutional investors overall own 69.27% of Shopify.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $177.28; recent targets include $185 from Citizens JMP, $180 from Wells Fargo and $200 from RBC.
• Shopify reported 33.7% year-over-year revenue growth to $3.58 billion and beat quarterly EPS estimates, but its valuation remains elevated at roughly 114 times earnings, creating downgrade risk after a sharp share-price rally.

One Wealth Capital Management LLC cut its holdings in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 88.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,696 shares of the software maker's stock after selling 12,708 shares during the quarter. One Wealth Capital Management LLC's holdings in Shopify were worth $252,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SHOP. Gibbs Wealth Management increased its stake in Shopify by 6.5% during the 3rd quarter. Gibbs Wealth Management now owns 25,296 shares of the software maker's stock valued at $3,751,000 after purchasing an additional 1,536 shares in the last quarter. Lantern Wealth Advisors LLC raised its holdings in shares of Shopify by 6.7% in the third quarter. Lantern Wealth Advisors LLC now owns 6,350 shares of the software maker's stock worth $942,000 after buying an additional 400 shares during the last quarter. Atala Financial Inc raised its holdings in shares of Shopify by 5.9% in the third quarter. Atala Financial Inc now owns 21,804 shares of the software maker's stock worth $3,234,000 after buying an additional 1,224 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Shopify by 8.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 7,066 shares of the software maker's stock worth $1,048,000 after buying an additional 545 shares during the period. Finally, XXI Wealth LLC acquired a new stake in shares of Shopify during the third quarter worth $356,000. Institutional investors and hedge funds own 69.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Shopify in a report on Friday, July 10th. They set a "buy" rating on the stock. Barclays set a $145.00 target price on Shopify and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Citizens Jmp raised their target price on Shopify from $150.00 to $185.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 6th. Piper Sandler reaffirmed an "overweight" rating on shares of Shopify in a research report on Monday, October 5th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $180.00 price target (up from $144.00) on shares of Shopify in a research report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $177.28.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: RBC raises target and reiterates bullish view: RBC Dominion Securities initiated an “outperform” rating with a $200 price target, implying approximately 18.2% upside from the referenced $169.23 price. RBC Dominion Securities raises Shopify price target
• Positive Sentiment: AI-driven commerce opportunity: Polen Capital’s Q3 2026 investor commentary identified Shopify as a potential beneficiary of “agentic commerce,” in which AI tools help consumers discover and purchase products. This supports the view that Shopify could benefit from, rather than be disrupted by, AI adoption. Shopify could benefit from AI-driven agentic commerce
• Positive Sentiment: Growth and momentum remain investor supports: Coverage highlights Shopify’s earnings growth, payments expansion, strong gross merchandise volume and 56% three-month share-price rally. Shopify’s ecosystem also continues to expand through certified technology partners such as poq and new checkout-related commerce tools. Shopify earnings growth and price strength
• Neutral Sentiment: New merchant monetization initiatives: Disco launched an advertiser-funded cashback format within Shopify checkout, reporting roughly 5% higher order conversion in pilot data. The development could improve merchant engagement and checkout monetization, although the direct financial benefit to Shopify is not yet clear. Disco launches Pre-Purchase for Shopify checkout
• Negative Sentiment: Valuation and downgrade risks: ATB Cormark downgraded Shopify to “sector perform” from “outperform” after the sharp rally, citing the stock’s substantial appreciation. Commentary also warns that Shopify’s premium valuation leaves less room for disappointment, despite strong operating growth. ATB Cormark downgrades Shopify after rally

Shopify Stock Performance

SHOP opened at $168.68 on Friday. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19. The company has a current ratio of 5.35, a quick ratio of 5.35 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $217.03 billion, a PE ratio of 113.97, a P/E/G ratio of 3.48 and a beta of 2.62. The firm has a 50 day moving average of $150.92 and a two-hundred day moving average of $130.14.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $3.58 billion during the quarter. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The business's revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, analysts anticipate that Shopify Inc. will post 1.46 EPS for the current year.

Shopify Profile

Shopify Inc is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow online and in physical retail environments. Its platform supports online storefronts, product and inventory management, order processing, marketing, analytics and customer engagement.

The company offers subscription-based plans and merchant solutions, including Shopify Payments, Shopify POS, Shopify Capital and tools for shipping, checkout and fulfillment. Shopify also supports sales through multiple channels, such as merchants' own websites, mobile devices, social media and third-party marketplaces.

Shopify was founded in 2006 by Tobias Lütke, Daniel Weinand and Scott Lake after the founders developed an online store for snowboarding equipment.

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