Shopify Inc. $SHOP Stake Raised by Strs Ohio

Key Points

• Strs Ohio increased its stake in Shopify by 28.1% in Q4, buying an additional 117,075 shares to hold 533,299 shares valued at $85,882,000.
• Institutional investors own 69.27% of SHOP, with Vanguard holding 50,670,627 shares (~$8.16B) and firms like Jennison, Select Equity and MFS materially boosting positions recently.
• SHOP trades around $127.67 (market cap ~$166.5B) with an average analyst target near $162.5, while Shopify is expanding into AI-enabled commerce and pursuing money-transmitter licenses to grow payments and recurring revenue.

Strs Ohio boosted its holdings in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 28.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 533,299 shares of the software maker's stock after acquiring an additional 117,075 shares during the quarter. Strs Ohio's holdings in Shopify were worth $85,882,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SHOP. Jennison Associates LLC boosted its position in Shopify by 64.3% during the 3rd quarter. Jennison Associates LLC now owns 18,923,431 shares of the software maker's stock worth $2,812,211,000 after acquiring an additional 7,403,821 shares during the period. Select Equity Group L.P. boosted its position in Shopify by 92.5% during the 2nd quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker's stock worth $259,124,000 after acquiring an additional 1,079,494 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Shopify by 21.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,536,825 shares of the software maker's stock worth $822,828,000 after acquiring an additional 973,132 shares during the period. Steadfast Capital Management LP acquired a new stake in Shopify during the 3rd quarter worth about $140,930,000. Finally, Vanguard Group Inc. boosted its position in Shopify by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker's stock worth $8,158,643,000 after acquiring an additional 743,803 shares during the period. 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: Shopify is positioning itself at the center of "agentic commerce," enabling merchants to sell through ChatGPT, Gemini and Copilot while building an AI-powered checkout/payments backbone — a narrative that supports long-term revenue and take-rate expansion. META vs. SHOP: Which Stock Leads the AI Commerce Revolution?
• Positive Sentiment: Analysts' consensus target (~$162.70) sits well above the current market price, implying meaningful upside and helping lift sentiment among growth investors. Shopify Inc. NASDAQ: SHOP Receives $162.70 Consensus Target Price from Analysts
• Positive Sentiment: Shopify is actively pursuing money-transmitter licenses and other regulatory approvals to expand its fintech and payment offerings, which could boost margins and recurring revenue over time if approved. Shopify Seeks Regulators' OK to Become Money Transmitter
• Positive Sentiment: Third-party partners are launching Shopify-focused AI tools (e.g., Bloomreach’s Loomi) that enhance personalization and conversion — ecosystem momentum that can amplify merchant success on the platform. Bloomreach Launches Loomi AI for Shopify
• Neutral Sentiment: Smaller integrations (e.g., reAlpha/AiChat conversational commerce) and stories about merchant use cases (vinyl sellers) highlight ecosystem activity but are unlikely to move the stock materially by themselves. reAlpha Announces AiChat Launch of Shopify Conversational Commerce Integration
• Neutral Sentiment: Articles digging into Q1 metrics and bullish retail write-ups provide detail and varied perspectives; they inform investor models but don’t change the core bull/bear case by themselves. Exploring Analyst Estimates for Shopify (SHOP) Q1 Earnings
• Negative Sentiment: An analyst who earlier issued the lone sell rating says it’s still too soon to buy after the selloff, reminding investors that valuation and execution risks remain and keeping some downside pressure on sentiment. Shopify Analyst Who Saw Selloff Coming Says It’s Too Soon to Buy
• Negative Sentiment: A reported service outage drew short-term attention to reliability risks for merchants; operational hiccups can dent near-term confidence if they recur. Is Shopify down? Shopify status after morning outage

Shopify Trading Up 5.4%

SHOP opened at $127.67 on Friday. The stock has a market cap of $166.50 billion, a price-to-earnings ratio of 137.28, a PEG ratio of 4.30 and a beta of 2.82. Shopify Inc. has a 1 year low of $88.14 and a 1 year high of $182.19. The stock has a fifty day moving average price of $122.49 and a 200 day moving average price of $142.15.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Citizens Jmp reduced their price objective on Shopify from $200.00 to $160.00 and set a "market outperform" rating for the company in a research report on Thursday, February 12th. ATB Cormark Capital Markets raised Shopify from a "sector perform" rating to an "outperform" rating in a research report on Tuesday, February 10th. Arete Research set a $175.00 price objective on Shopify in a research report on Monday, February 2nd. Wolfe Research raised Shopify from a "hold" rating to an "outperform" rating in a research report on Tuesday, January 6th. Finally, Truist Financial set a $150.00 price objective on Shopify and gave the company a "buy" rating in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $162.46.

Shopify Company 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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