Sierra Summit Advisors LLC Has $15.02 Million Stock Holdings in Shopify Inc. $SHOP

Key Points

• Sierra Summit Advisors trimmed its Shopify stake by 11.9% in the fourth quarter, selling 12,651 shares and ending with 93,335 shares valued at about $15.0 million.
• Shopify reported strong quarterly results, including revenue of $3.17 billion versus expectations of $3.08 billion, and the stock was up 4.0% on Thursday, though it still traded well below its 52-week high.
• Wall Street remains upbeat overall, with a consensus rating of “Moderate Buy” and an average target price of $158.42, while recent news has focused on Shopify’s AI initiatives and growth in payments and Shop Pay.

Sierra Summit Advisors LLC reduced its stake in shares of Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,335 shares of the software maker's stock after selling 12,651 shares during the quarter. Shopify accounts for 2.3% of Sierra Summit Advisors LLC's holdings, making the stock its 14th biggest holding. Sierra Summit Advisors LLC's holdings in Shopify were worth $15,024,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC grew its holdings in shares of Shopify by 1.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker's stock worth $512,000 after purchasing an additional 59 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of Shopify by 1.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker's stock worth $587,000 after purchasing an additional 70 shares in the last quarter. Seros Financial LLC grew its holdings in shares of Shopify by 2.7% during the 3rd quarter. Seros Financial LLC now owns 2,856 shares of the software maker's stock worth $424,000 after purchasing an additional 75 shares in the last quarter. First Affirmative Financial Network grew its holdings in shares of Shopify by 3.4% during the 3rd quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker's stock worth $338,000 after purchasing an additional 75 shares in the last quarter. Finally, TBH Global Asset Management LLC raised its position in Shopify by 1.2% during the fourth quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker's stock valued at $1,036,000 after purchasing an additional 75 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

Shopify Stock Up 4.0%

Shares of Shopify stock opened at $105.01 on Thursday. Shopify Inc. has a twelve month low of $94.00 and a twelve month high of $182.19. The stock has a market cap of $136.27 billion, a price-to-earnings ratio of 103.97, a P/E/G ratio of 2.83 and a beta of 2.64. The company's fifty day moving average is $117.31 and its 200 day moving average is $136.58.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last issued its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The company had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.08 billion. As a group, equities analysts anticipate that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Phillip Securities upgraded Shopify from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Stifel Nicolaus set a $115.00 target price on Shopify and gave the stock a "hold" rating in a research note on Wednesday, February 11th. TD Cowen upgraded 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. ATB Cormark Capital Markets upgraded Shopify from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings cut Shopify from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, May 6th. Two 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 company. Based on data from MarketBeat.com, Shopify presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.42.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Thrive Capital’s rare $100 million investment is drawing attention to Shopify’s AI initiatives and reinforcing the idea that the company may be using artificial intelligence to deepen its commerce platform and improve long-term growth. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation
• Positive Sentiment: Shopify’s Q1 earnings call was interpreted as signaling AI-fueled growth, which can support the view that the company is building new monetization opportunities beyond its core ecommerce tools. Shopify Earnings Call Signals AI-Fueled Growth
• Positive Sentiment: Analysts highlighted Shopify’s $67 billion in payments volume, 67% payments penetration, and 59% growth in Shop Pay, pointing to a strong monetization runway in Merchant Solutions. Can Shopify's $67B Payments Volume Deepen Its Monetization Runway?
• Positive Sentiment: Several investor and commentary pieces continue to frame Shopify as a long-term winner, citing its market share gains, institutional interest, and durable growth profile. Is Shopify Inc. (SHOP) Among Stocks That Will Make You Rich Over the Next Decade?
• Neutral Sentiment: Loomis Sayles said it is sticking with Shopify in its global growth portfolio, but the note appears more like a portfolio update than a direct catalyst for the stock. Loomis Sayles Global Growth Fund Holds Firm on Shopify (SHOP) Beyond AI Narrative
• Neutral Sentiment: Freshworks named Shopify among winners of its customer awards, which is positive branding but unlikely to materially move the shares on its own. Freshworks Announces Winners of the 2026 Global Customer Awards
• Negative Sentiment: Despite the upbeat news flow, Shopify’s recent performance remains weak versus prior levels, with articles noting sizable month-to-date and year-to-date declines that may keep valuation concerns in focus. Thrive Capital’s AI Bet On Shopify (SHOP) Sparks Fresh Look At Valuation

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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