Thrivent Financial for Lutherans Has $184.88 Million Stake in Shopify Inc. $SHOP

Key Points

• Thrivent Financial for Lutherans dramatically increased its Shopify stake by 7,207.2% in the fourth quarter, ending with 1,148,259 shares valued at about $184.9 million.
• Shopify’s stock has been under pressure, recently opening at $97.42, near its 52-week low of $94.00 and well below its 50-day and 200-day moving averages.
• Despite the weak share price, analysts remain broadly positive: the stock has a Moderate Buy consensus rating and an average target price of $158.42, with several firms reiterating buy or outperform ratings.

Thrivent Financial for Lutherans boosted its holdings in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 7,207.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,148,259 shares of the software maker's stock after purchasing an additional 1,132,545 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Shopify worth $184,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Shopify in the 4th quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new stake in Shopify in the 4th quarter worth about $31,000. Sound Income Strategies LLC raised its stake in Shopify by 82.4% in the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker's stock worth $31,000 after purchasing an additional 89 shares in the last quarter. Navalign LLC acquired a new position in shares of Shopify in the 4th quarter valued at approximately $34,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Shopify in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 69.27% of the company's stock.

Shopify Price Performance

Shares of SHOP stock opened at $97.42 on Friday. The firm has a 50-day moving average of $119.70 and a 200-day moving average of $138.67. The company has a market cap of $126.42 billion, a P/E ratio of 96.46, a P/E/G ratio of 2.67 and a beta of 2.64. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group set a $130.00 target price on shares of Shopify and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Royal Bank Of Canada reissued an "outperform" rating and set a $170.00 target price on shares of Shopify in a report on Wednesday, May 6th. Arete Research set a $175.00 price objective on shares of Shopify in a research note on Monday, February 2nd. Robert W. Baird set a $150.00 price objective on shares of Shopify in a research note on Wednesday, May 6th. Finally, Citizens Jmp dropped their target price on shares of Shopify from $160.00 to $150.00 and set a "market outperform" rating on the stock in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.42.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Thrive Capital reportedly invested about $100 million in Shopify, a vote of confidence in the company’s AI strategy and long-term commerce opportunity. Thrive Capital Bets $100 Million on Shopify's AI Future
• Positive Sentiment: Analysts and commentators highlighted Shopify’s accelerating growth, strong revenue expansion, and AI-driven merchant tools, suggesting the company may still have meaningful upside if execution remains strong. Shopify: Growth Acceleration (Rating Upgrade)
• Positive Sentiment: Management said Q1 demand was supported by rapid adoption of AI products, international growth, and momentum with larger enterprise merchants, reinforcing the bullish case around Shopify’s platform and AI integration. Shopify’s Q1 Earnings Call: Our Top 5 Analyst Questions
• Neutral Sentiment: EZ Texting launched a Shopify App Store integration, adding another marketing tool for merchants, but the announcement appears incremental rather than material on its own. EZ Texting Expands into Shopify App Store
• Neutral Sentiment: Jim Cramer said he does not view Shopify as an “AI displacement victim,” implying some of the selloff may have been overdone, but this is more commentary than a new catalyst. Jim Cramer on Shopify: “I Don’t Believe It’s an Actual AI Displacement Victim”
• Negative Sentiment: Investors remain concerned about Shopify’s valuation and recent share-price weakness, with some articles noting the stock has faced heavy selling pressure despite solid business growth. Wall Street Sees 45% Upside in This Overlooked Tech Stock. Here's Why It's Wrong.
• Negative Sentiment: A U.S. court allowed key antitrust claims against Shopify to proceed, keeping regulatory and legal overhangs in focus even though no liability has been determined. Shopify Antitrust Case Moves Forward Keeping Platform Power In Focus

Shopify 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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