Shopify Inc. $SHOP Stake Trimmed by Diker Management LLC

Key Points

• Diker Management LLC cut its Shopify stake by 50% in Q3, selling 20,000 shares and retaining 20,000 shares valued at $2.97 million, which represents about 2.4% of its portfolio and its seventh-largest holding.
• Several large institutions added to positions—Jennison now owns 18,923,431 shares (~$2.81B), Vanguard holds 49,316,695 shares (~$5.69B), and Norges Bank initiated a ~$1.79B position—leaving institutional ownership at 69.27%.
• Analyst sentiment is mostly constructive (consensus "Moderate Buy" with a $163.38 target), but the stock faces valuation and technical pressure—trading below its 50- and 200-day moving averages with a high trailing P/E (~132)—and has short-term operational risk from reported outages.

Diker Management LLC decreased its holdings in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 50.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the software maker's stock after selling 20,000 shares during the quarter. Shopify comprises about 2.4% of Diker Management LLC's portfolio, making the stock its 7th biggest holding. Diker Management LLC's holdings in Shopify were worth $2,972,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SHOP. Norges Bank purchased a new position in shares of Shopify in the second quarter worth about $1,794,952,000. Jennison Associates LLC boosted its position in Shopify by 64.3% during the third 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 last quarter. Brown Advisory Inc. grew its stake in Shopify by 5,193.6% during the 2nd quarter. Brown Advisory Inc. now owns 2,066,884 shares of the software maker's stock valued at $238,419,000 after acquiring an additional 2,027,839 shares in the last quarter. Picton Mahoney Asset Management raised its holdings in Shopify by 246,359.0% in the 2nd quarter. Picton Mahoney Asset Management now owns 1,759,717 shares of the software maker's stock valued at $202,146,000 after acquiring an additional 1,759,003 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Shopify by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 49,316,695 shares of the software maker's stock valued at $5,688,053,000 after acquiring an additional 1,354,415 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Stock Performance

SHOP stock opened at $122.96 on Friday. Shopify Inc. has a one year low of $69.84 and a one year high of $182.19. The firm has a market cap of $160.07 billion, a PE ratio of 132.22, a PEG ratio of 4.53 and a beta of 2.83. The firm's 50 day moving average price is $133.91 and its 200-day moving average price is $148.61.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SHOP shares. Mizuho upgraded Shopify from a "neutral" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Thursday, February 12th. Benchmark reduced their price objective on Shopify from $195.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, February 10th. Moffett Nathanson raised Shopify from a "neutral" rating to a "buy" rating and set a $150.00 price objective on the stock in a research note on Monday, February 9th. KeyCorp restated an "overweight" rating and issued a $160.00 target price on shares of Shopify in a report on Wednesday, February 11th. Finally, TD Cowen raised Shopify from a "hold" rating to a "buy" rating and set a $159.00 target price for the company in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.38.

Trending Headlines about Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Jefferies raised its price target after OpenAI decided not to enable in‑ChatGPT purchases, which Jefferies views as reducing a competitive threat to Shopify’s checkout and payments opportunity. This upgrade supports upside to monetization of AI-driven commerce. Jefferies Raises PT on Shopify (SHOP) Following OpenAI Decision
• Positive Sentiment: Piper Sandler initiated coverage with an "Overweight" rating and a $165 PT (~34% upside from the current level), citing payments and merchant growth as key drivers. Analyst coverage and a constructive PT can attract buyers. Benzinga Coverage Note
• Positive Sentiment: Shopify is embedding AI across commerce—enabling AI assistants to surface merchant catalogs and route transactions through Shopify’s checkout/payments—which could increase GMV capture and revenue per merchant if adoption scales. Shopify Bets Big on AI Commerce: Is it the Next Growth Catalyst?
• Positive Sentiment: Shopify’s Klaviyo integration (Locale Aware Catalogs) strengthens its enterprise and global merchant proposition by automating localized catalogs, pricing and marketing — a product move that targets larger brands and cross‑sell opportunities. Shopify And Klaviyo Integration Highlights Global Ambitions And Valuation Tension
• Positive Sentiment: Longer‑term bullish narratives: commentary (e.g., Motley Fool) places Shopify among AI winners that could materially expand value over several years, supporting a growth story for patient investors. Prediction: 2 AI Stocks Will Be Worth More Than Palantir Technologies in 5 Years
• Neutral Sentiment: Zacks notes the stock is up ~14% since the last earnings report, signaling recent momentum but asking whether that trend can continue without clearer earnings leverage. Shopify (SHOP) Up 14% Since Last Earnings Report: Can It Continue?
• Negative Sentiment: Zacks also highlights SHOP has declined ~11% over six months, reflecting recent volatility and investor concern about execution/valuation despite AI momentum. SHOP Declines 11% in 6 Months: Buy, Sell or Hold the Stock?
• Negative Sentiment: Service reliability concern — Downdetector reported outages affecting thousands of users; repeated or high‑impact outages can dent merchant trust and short‑term GMV. Shopify Down for Thousands of Users, Downdetector Reports
• Negative Sentiment: Valuation and technical pressure — SHOP trades below its 50‑ and 200‑day moving averages, has a high trailing P/E (~132) and elevated PEG (~4.65), which increases sensitivity to any slowdown in revenue/monetization.

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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