Integrated Advisors Network LLC Has $1.05 Million Stake in Shopify Inc. $SHOP

Integrated Advisors Network LLC trimmed its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 34.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,827 shares of the software maker’s stock after selling 4,651 shares during the quarter. Integrated Advisors Network LLC’s holdings in Shopify were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Kingdom Financial Group LLC. purchased a new stake in Shopify in the 4th quarter worth approximately $26,000. Curio Wealth LLC purchased a new position in shares of Shopify during the 4th quarter valued at $27,000. Evolution Wealth Management Inc. increased its stake in shares of Shopify by 203.9% in the first quarter. Evolution Wealth Management Inc. now owns 231 shares of the software maker’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Shopify during the fourth quarter worth $29,000. Finally, Lodestone Wealth Management LLC acquired a new stake in Shopify during the fourth quarter valued at $31,000. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets reduced their price target on Shopify from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Citigroup restated a “market outperform” rating on shares of Shopify in a report on Thursday, June 18th. Wells Fargo & Company cut their price objective on shares of Shopify from $166.00 to $144.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Bank of America started coverage on shares of Shopify in a research note on Tuesday. They issued a “buy” rating and a $150.00 target price for the company. Finally, Canaccord Genuity Group dropped their price target on shares of Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and an average price target of $156.06.

Shopify Stock Performance

Shares of NASDAQ SHOP opened at $119.22 on Thursday. The business’s 50-day simple moving average is $111.07 and its 200-day simple moving average is $125.59. Shopify Inc. has a 52 week low of $94.00 and a 52 week high of $182.19. The firm has a market cap of $154.71 billion, a price-to-earnings ratio of 118.04, a P/E/G ratio of 2.53 and a beta of 2.58.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bank of America reinstated coverage on Shopify with a Buy rating and a $150 price target, saying the company could benefit from AI-driven “agentic commerce,” international expansion, and enterprise adoption. Shopify reinstated at Bank of America with ‘Buy’ rating on agentic commerce growth outlook
• Positive Sentiment: Analysts continue to view Shopify favorably overall, with multiple recent price targets clustered around $150, reinforcing expectations for upside if execution stays strong. Shopify Slides as Investors Weigh Governance Change and a Rich Valuation Ahead of Earnings
• Neutral Sentiment: Shopify announced it will report second-quarter 2026 results before the market opens on August 5, which is keeping investors focused on upcoming earnings and near-term execution. Shopify to Announce Second-Quarter 2026 Financial Results
• Neutral Sentiment: Recent commentary also highlighted Shopify as a software stock to watch in 2026, noting that sentiment has stabilized after a difficult stretch, but the recovery remains tentative. Shopify (SHOP) Among the Best Software Stocks to Buy in 2026
• Negative Sentiment: Despite the bullish analyst notes, shares have been weaker recently as investors weigh Shopify’s rich valuation, a governance change involving the audit committee chair, and caution ahead of earnings. Shopify Slides as Investors Weigh Governance Change and a Rich Valuation Ahead of Earnings
• Negative Sentiment: A separate market recap said Shopify fell more than the broader market, suggesting traders are taking profits or rotating away from high-multiple growth names. Shopify (SHOP) Declines More Than Market: Some Information for Investors

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.