Shopify Inc. $SHOP Stock Holdings Increased by Assetmark Inc.

Key Points

• Assetmark Inc. increased its Q4 stake in Shopify by 6.7% to 213,583 shares valued at $34.38 million, and institutional investors now own about 69.27% of the company.
• MarketBeat shows a consensus rating of Moderate Buy for Shopify with an average target price of $162.70, driven by 34 Buy/Strong Buy ratings versus 10 Hold ratings.
• Near-term positive drivers include ~16.7% y/y subscription revenue growth to $777M, B2B expansion and a board-authorized buyback, while tariffs, competition and margin headwinds pose risks; Q1 earnings on May 5 is a likely volatility catalyst.

Assetmark Inc. raised its holdings in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,583 shares of the software maker's stock after acquiring an additional 13,415 shares during the period. Assetmark Inc.'s holdings in Shopify were worth $34,380,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SHOP. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Shopify in the 3rd quarter worth $4,110,000. Principal Financial Group Inc. grew its holdings in shares of Shopify by 16.3% in the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker's stock worth $67,006,000 after acquiring an additional 63,300 shares during the last quarter. Triton Financial Group Inc acquired a new position in shares of Shopify in the 3rd quarter worth $1,931,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Shopify by 65.5% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker's stock worth $23,557,000 after acquiring an additional 62,743 shares during the last quarter. Finally, TriaGen Wealth Management LLC acquired a new stake in shares of Shopify in the third quarter worth $2,562,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Stock Performance

Shopify stock opened at $117.64 on Wednesday. The business's 50-day simple moving average is $119.97 and its 200-day simple moving average is $144.46. The firm has a market capitalization of $153.42 billion, a PE ratio of 126.49, a PEG ratio of 4.07 and a beta of 2.82. Shopify Inc. has a 52 week low of $80.35 and a 52 week high of $182.19.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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 report on Wednesday, February 11th. UBS Group reduced their price objective on Shopify from $165.00 to $145.00 and set a "neutral" rating for the company in a research report on Thursday, February 12th. Barclays set a $130.00 price objective on Shopify and gave the company an "equal weight" rating in a research report on Thursday, February 12th. Scotiabank raised Shopify from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $165.00 to $200.00 in a research report on Thursday, January 8th. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $160.00 price target on shares of Shopify in a research report on Wednesday, February 11th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Shopify has a consensus rating of "Moderate Buy" and an average target price of $162.70.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Renewed optimism around Shopify's B2B push and a board-authorized share repurchase program have been cited as primary drivers of buying interest; investors view widened wholesale features plus the buyback as support for revenue and the stock. Shopify gains 3.9% as investors lean into B2B expansion and buyback tailwinds
• Positive Sentiment: Subscription revenue growth continues to accelerate (reported ~16.7% y/y to $777M), indicating recurring-revenue strength and higher-margin stability over time. Shopify's Subscription Growth Accelerates: More Upside Ahead?
• Positive Sentiment: Analyst optimism and a broader tech-sector rally helped lift the stock; multiple firms maintain constructive ratings and price targets well above current levels, supporting sentiment. Why Shopify (SHOP) Stock Is Trading Up Today
• Positive Sentiment: Prominent TV commentary (Jim Cramer) framed AI as not an existential threat to Shopify, helping reassure growth narrative among retail and advisor audiences. Why Jim Cramer believes Shopify isn't threatened by AI
• Positive Sentiment: Partner ecosystem expansion — Avenue Z named a Shopify Platinum Partner — reinforces merchant adoption and service-led growth channels. Avenue Z Named Shopify Platinum Partner
• Neutral Sentiment: Shopify set its Q1 2026 earnings release and conference call for May 5, which is likely to be a near-term volatility catalyst as investors digest revenue, margins, and guidance. Shopify to Announce First-Quarter 2026 Financial Results May 5, 2026
• Neutral Sentiment: Third-party integrations (e.g., FoodReady linking with Shopify) increase platform utility but are incremental for overall financials. FoodReady Expands Food ERP Features to Streamline Production, Inventory, and Compliance for Food Manufacturers
• Neutral Sentiment: Valuation commentary notes SHOP is well below its 52-week high (trade discount) and screens at a relatively low forward-sales multiple, which some investors view as a buying opportunity while others wait for clearer margin recovery. Shopify Trades 37% Below 52-Week High: Is the Stock Still a Buy?
• Negative Sentiment: Tariff exposure and competitive pressure were cited as margin headwinds in coverage, a risk to near-term profitability if costs or pricing mix deteriorate. Shopify's Subscription Growth Accelerates: More Upside Ahead?
• Negative Sentiment: Large institutional portfolio moves include sizable reductions by some major holders, which can increase selling pressure or signal rebalancing risk. Shopify gains 3.9% as investors lean into B2B expansion and buyback tailwinds

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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