Shopify Inc. $SHOP Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Shopify stake by 18.8% in the third quarter, selling 7,500 shares and retaining 32,500 shares valued at approximately $4.82 million.
• Other institutional investors made mixed moves, while hedge funds and institutions collectively owned 69.27% of Shopify’s stock.
• Shopify reported quarterly revenue of $3.58 billion and adjusted earnings of $0.42 per share, exceeding estimates, but its elevated valuation and recent rally have prompted some analysts to warn of downgrade and disappointment risks.

Robeco Institutional Asset Management B.V. cut its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,500 shares of the software maker's stock after selling 7,500 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Shopify were worth $4,820,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Blue Jean Financial LLC bought a new stake in shares of Shopify during the third quarter worth about $3,482,000. Prime Capital Investment Advisors LLC increased its stake in shares of Shopify by 52.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 23,251 shares of the software maker's stock valued at $3,448,000 after buying an additional 7,993 shares during the period. Net Worth Advisory Group increased its stake in shares of Shopify by 21.8% in the third quarter. Net Worth Advisory Group now owns 3,275 shares of the software maker's stock valued at $488,000 after buying an additional 587 shares during the period. Vision Capital Management Inc. bought a new position in Shopify in the 3rd quarter valued at approximately $222,000. Finally, Eagle Wealth Advisors LLC raised its holdings in Shopify by 3.0% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 2,330 shares of the software maker's stock valued at $346,000 after buying an additional 67 shares during the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Trading Down 0.1%

Shares of SHOP stock opened at $168.68 on Friday. Shopify Inc. has a 1-year low of $94.00 and a 1-year 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 stock has a market cap of $217.03 billion, a price-to-earnings ratio of 113.97, a PEG ratio of 3.48 and a beta of 2.62. The stock has a 50-day moving average of $150.92 and a 200-day moving average of $130.14.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The company had revenue of $3.58 billion for the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%. Shopify's revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. On average, equities research analysts forecast that Shopify Inc. will post 1.46 earnings per share for the current year.

Shopify News Summary

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

Wall Street Analysts Forecast Growth

SHOP has been the topic of several recent research reports. Wells Fargo & Company reiterated an "overweight" rating and set a $180.00 target price (up from $144.00) on shares of Shopify in a research report on Friday, August 7th. Rothschild & Co Redburn set a $130.00 price target on shares of Shopify and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Sanford C. Bernstein assumed coverage on shares of Shopify in a research report on Thursday, September 10th. They issued an "outperform" rating and a $160.00 price target for the company. BTIG Research started coverage on shares of Shopify in a research note on Friday, July 10th. They set a "buy" rating for the company. Finally, National Bank Financial reiterated an "outperform" rating and set a $180.00 price target (up from $155.00) on shares of Shopify in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Shopify has a consensus rating of "Moderate Buy" and an average price target of $177.28.

About Shopify

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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