Shopify Inc. $SHOP Stock Position Increased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,338 shares of the software maker’s stock after buying an additional 18,028 shares during the period. Shopify accounts for 4.4% of Triasima Portfolio Management inc.’s holdings, making the stock its 2nd biggest position. Triasima Portfolio Management inc.’s holdings in Shopify were worth $29,398,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Shopify during the fourth quarter worth $29,000. Lodestone Wealth Management LLC purchased a new stake in Shopify during the fourth quarter worth $31,000. Sound Income Strategies LLC boosted its holdings in Shopify by 82.4% during the fourth quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after buying an additional 89 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Shopify during the third quarter worth $32,000. Finally, Caitlin John LLC purchased a new stake in Shopify during the third quarter worth $36,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Performance

NASDAQ:SHOP opened at $127.67 on Monday. The company has a fifty day moving average of $122.49 and a two-hundred day moving average of $141.99. The stock has a market capitalization of $166.50 billion, a PE ratio of 137.28, a P/E/G ratio of 4.54 and a beta of 2.64. Shopify Inc. has a fifty-two week low of $88.14 and a fifty-two week high of $182.19.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is positioning itself at the center of “agentic commerce,” enabling merchants to sell through ChatGPT, Gemini and Copilot while building an AI-powered checkout/payments backbone — a narrative that supports long-term revenue and take-rate expansion. META vs. SHOP: Which Stock Leads the AI Commerce Revolution?
• Positive Sentiment: Analysts’ consensus target (~$162.70) sits well above the current market price, implying meaningful upside and helping lift sentiment among growth investors. Shopify Inc. (NASDAQ:SHOP) Receives $162.70 Consensus Target Price from Analysts
• Positive Sentiment: Shopify is actively pursuing money-transmitter licenses and other regulatory approvals to expand its fintech and payment offerings, which could boost margins and recurring revenue over time if approved. Shopify Seeks Regulators’ OK to Become Money Transmitter
• Positive Sentiment: Third-party partners are launching Shopify-focused AI tools (e.g., Bloomreach’s Loomi) that enhance personalization and conversion — ecosystem momentum that can amplify merchant success on the platform. Bloomreach Launches Loomi AI for Shopify
• Neutral Sentiment: Smaller integrations (e.g., reAlpha/AiChat conversational commerce) and stories about merchant use cases (vinyl sellers) highlight ecosystem activity but are unlikely to move the stock materially by themselves. reAlpha Announces AiChat Launch of Shopify Conversational Commerce Integration
• Neutral Sentiment: Articles digging into Q1 metrics and bullish retail write-ups provide detail and varied perspectives; they inform investor models but don’t change the core bull/bear case by themselves. Exploring Analyst Estimates for Shopify (SHOP) Q1 Earnings
• Negative Sentiment: An analyst who earlier issued the lone sell rating says it’s still too soon to buy after the selloff, reminding investors that valuation and execution risks remain and keeping some downside pressure on sentiment. Shopify Analyst Who Saw Selloff Coming Says It’s Too Soon to Buy
• Negative Sentiment: A reported service outage drew short-term attention to reliability risks for merchants; operational hiccups can dent near-term confidence if they recur. Is Shopify down? Shopify status after morning outage

Analyst Ratings Changes

SHOP has been the topic of a number of recent analyst reports. Wolfe Research raised shares of Shopify from a “hold” rating to an “outperform” rating in a report on Tuesday, January 6th. Truist Financial set a $150.00 price target on shares of Shopify and gave the stock a “buy” rating in a report on Tuesday, February 17th. Jefferies Financial Group increased their price target on shares of Shopify from $125.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, March 9th. Wells Fargo & Company reduced their price objective on shares of Shopify from $191.00 to $166.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $175.00 price objective on shares of Shopify in a research report on Thursday, February 12th. Three 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’s stock. According to MarketBeat, Shopify presently has a consensus rating of “Moderate Buy” and an average price target of $162.46.

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.