Metis Global Partners LLC Lowers Position in Shopify Inc. $SHOP

Metis Global Partners LLC lessened its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 18.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,856 shares of the software maker’s stock after selling 10,224 shares during the quarter. Metis Global Partners LLC’s holdings in Shopify were worth $7,222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SHOP. Brighton Jones LLC lifted its holdings in shares of Shopify by 2.8% in the fourth quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after buying an additional 584 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Shopify by 107.3% in the first quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock worth $1,392,000 after buying an additional 7,544 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Shopify by 6.6% in the second quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock worth $945,000 after buying an additional 506 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in shares of Shopify in the second quarter worth $53,000. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Shopify by 15.3% in the second quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after buying an additional 1,479 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Down 2.0%

Shopify stock opened at $108.20 on Thursday. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The company has a market cap of $140.41 billion, a price-to-earnings ratio of 107.13, a PEG ratio of 3.10 and a beta of 2.60. The firm’s fifty day moving average is $114.36 and its 200 day moving average is $132.04.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. Shopify had a net margin of 10.77% and a return on equity of 12.07%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.08 billion. On average, equities research analysts anticipate that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SHOP has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $180.00 price target on shares of Shopify in a research note on Tuesday, May 5th. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price target (down from $165.00) on shares of Shopify in a research note on Tuesday, May 5th. Barclays set a $126.00 price target on shares of Shopify and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Citigroup decreased their price target on shares of Shopify from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, TD Cowen raised shares of Shopify from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Shopify has an average rating of “Moderate Buy” and an average target price of $157.17.

Key Stories Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is being cited as a contributor to the strong performance of the iShares North American Tech ETF, suggesting the stock remains an important driver of sector-level gains and a notable holding for growth-oriented investors. This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
• Positive Sentiment: Shopify was included among the best Canadian stocks favored by billionaires, reinforcing investor confidence in the company’s long-term growth story and institutional appeal. 5 Best Canadian Stocks to Invest In According to Billionaires
• Positive Sentiment: Shopify continues to gain attention for execution in AI, payments, and enterprise tools, with analysts arguing that strong business momentum could support further growth if it keeps delivering. Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Neutral Sentiment: Shopify-related partnership and migration articles, including TOMS and Posterazzi moving operations onto Shopify, add to the platform narrative but are unlikely to move the stock much on their own. Enabling Shopify at Scale: How TOMS Streamlined Operations with Deck Commerce Optimum7 Replatforms Posterazzi from BigCommerce to Shopify with Preview Engine
• Negative Sentiment: Some investors are questioning whether Shopify’s valuation has become stretched, with commentary noting a high forward price-to-sales multiple and limited room for disappointment if growth slows. Is It Time To Reassess Shopify (SHOP) After Sidekick And DHL Partnership Hopes? Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Negative Sentiment: Shopify was also mentioned in connection with a broader software sector sell-off, which may be adding short-term pressure to the shares even without company-specific negative news. Shopify (SHOP) Fell With Software Sell Off

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.