Shopify Inc. $SHOP Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

Key Points

• OVERSEA CHINESE BANKING Corp Ltd reduced its Shopify stake by 96.0% in Q4, selling 45,015 shares and retaining 1,871 shares worth about $314,000.
• Shares fell about 5.9%, opening at $124.23; Shopify trades in a 52-week range of $88.14–$182.19, with a $162.0B market cap, a P/E of 133.58 and a beta of 2.82.
• Analyst and market signals are mixed: consensus is a "Moderate Buy" with a $162.70 target and positive commentary on AI partnerships and earnings upside, but near-term volatility is elevated due to pre-earnings de‑risking and increased put activity.

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 96.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,871 shares of the software maker's stock after selling 45,015 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Shopify were worth $314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. WealthCollab LLC boosted its holdings in Shopify by 26.7% in the fourth quarter. WealthCollab LLC now owns 380 shares of the software maker's stock worth $61,000 after purchasing an additional 80 shares during the period. Evergreen Capital Management LLC boosted its holdings in Shopify by 3.8% in the fourth quarter. Evergreen Capital Management LLC now owns 14,488 shares of the software maker's stock worth $2,332,000 after purchasing an additional 527 shares during the period. Greystone Financial Group LLC boosted its holdings in Shopify by 1.9% in the fourth quarter. Greystone Financial Group LLC now owns 4,793 shares of the software maker's stock worth $772,000 after purchasing an additional 88 shares during the period. Legacy Advisors LLC boosted its holdings in Shopify by 15.9% in the fourth quarter. Legacy Advisors LLC now owns 1,776 shares of the software maker's stock worth $286,000 after purchasing an additional 243 shares during the period. Finally, 55 North Private Wealth LLC acquired a new position in Shopify in the fourth quarter worth $362,000. Institutional investors and hedge funds own 69.27% of the company's stock.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Partnership & AI focus — Shopify’s Avenue Z Platinum partnership highlights expanding AI commerce offerings that could lift merchant ARPU and strengthen the company’s long-term growth narrative. Read More.
• Positive Sentiment: Analyst/earnings optimism — RBC and other analysts expect Q1 results and Q2 guidance to come in ahead of consensus, which could provide an earnings catalyst if confirmed. Read More.
• Positive Sentiment: Bullish analyst sentiment & price targets — Several firms (e.g., CIBC reiteration) maintain Outperform/Buy ratings with mid-to-high targets, suggesting upside if execution continues. Read More.
• Neutral Sentiment: Product momentum — Coverage notes Shopify’s tools reshaping dropshipping and conversion-rate optimization, supporting longer-term merchant value but unlikely to move the stock immediately. Read More.
• Neutral Sentiment: Institutional positioning / hedge fund turnover — Reports show large, mixed institutional flows into and out of SHOP; these position shifts can amplify volatility but aren’t new fundamental signals. Read More.
• Negative Sentiment: Pre-earnings de-risking & valuation pressure — Traders appear to be trimming exposure in high-multiple, higher-beta names ahead of earnings, producing outsized one-day moves in SHOP. Read More.
• Negative Sentiment: Bearish options flow — Elevated put activity and above-normal put/call ratios ahead of the report indicate some traders are explicitly betting on a downside move into earnings. Read More.
• Negative Sentiment: Broader market weakness hits high-beta names — A general pullback in U.S. equities is pressuring growth stocks like Shopify, magnifying declines even without company-specific negative news. Read More.

Shopify Stock Down 5.9%

Shares of NASDAQ SHOP opened at $124.23 on Friday. Shopify Inc. has a fifty-two week low of $88.14 and a fifty-two week high of $182.19. The firm's 50-day simple moving average is $121.89 and its 200 day simple moving average is $143.48. The stock has a market cap of $162.01 billion, a P/E ratio of 133.58, a P/E/G ratio of 4.69 and a beta of 2.82.

Analyst Ratings Changes

A number of equities analysts have commented on SHOP shares. BMO Capital Markets set a $160.00 price objective on shares of Shopify in a report on Thursday, February 12th. Truist Financial set a $150.00 price objective on shares of Shopify and gave the stock a "buy" rating in a report on Tuesday, February 17th. Piper Sandler assumed coverage on shares of Shopify in a report on Thursday, March 12th. They issued an "overweight" rating and a $165.00 price objective for the company. Benchmark reduced their price target on shares of Shopify from $195.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, February 10th. Finally, Stifel Nicolaus set a $115.00 price target on shares of Shopify and gave the company a "hold" rating in a report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Shopify has an average rating of "Moderate Buy" and a consensus price target of $162.70.

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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