M&T Bank Corp Raises Stock Position in Shopify Inc. $SHOP

M&T Bank Corp grew its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 37.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 81,082 shares of the software maker’s stock after acquiring an additional 21,945 shares during the period. M&T Bank Corp’s holdings in Shopify were worth $13,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shopify in the 4th quarter worth $29,000. Lodestone Wealth Management LLC purchased a new position in shares of Shopify in the 4th quarter worth $31,000. Sound Income Strategies LLC grew its stake in shares of 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 buying an additional 89 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Shopify in the 3rd quarter worth $32,000. Finally, Caitlin John LLC purchased a new position in shares of Shopify in the 3rd quarter worth $36,000. 69.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SHOP shares. KeyCorp reissued an “overweight” rating and issued a $160.00 price objective on shares of Shopify in a research note on Wednesday, February 11th. Robert W. Baird set a $160.00 price target on shares of Shopify in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $175.00 price target on shares of Shopify in a research note on Thursday, February 12th. Barclays set a $130.00 price target on shares of Shopify and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Finally, Evercore set a $135.00 price target on shares of Shopify in a research note on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Shopify has an average rating of “Moderate Buy” and an average target price of $164.19.

Shopify Trading Down 0.1%

SHOP stock opened at $127.55 on Tuesday. Shopify Inc. has a 12 month low of $88.14 and a 12 month high of $182.19. The company has a 50-day moving average price of $122.49 and a 200 day moving average price of $141.99. The stock has a market cap of $166.34 billion, a PE ratio of 137.15, a P/E/G ratio of 4.54 and a beta of 2.64.

Key Headlines Impacting Shopify

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Several Wall Street analysts see meaningful upside (average price target near $159.70, ~27% above recent levels), arguing the pullback creates a buying opportunity. Analysts See 27% Upside for Shopify After 30% Selloff
• Positive Sentiment: Benzinga flags that Benzinga’s “most accurate” analysts continue to rate SHOP highly ahead of the Q1 print and expect EPS around $0.33, which supports investor optimism into the report. Shopify Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Neutral Sentiment: Zacks highlights that Shopify is still expected to deliver low-30% revenue growth, driven by Shop Pay adoption and AI product momentum — positives for growth, but the piece flags potential investor uncertainty ahead of results. Shopify Stock Before Q1 Earnings: Smart Buy or Risky Move?
• Neutral Sentiment: Media coverage notes investor attention on Shopify’s AI initiatives and wholesale/merchant tools ahead of the quarter — these are strategic positives but may not move near-term earnings without clear margin proof. Shopify set for Q1 results as AI initiatives draw attention
• Negative Sentiment: Analysts and coverage also warn margin pressure from Shop Pay, AI investments and other initiatives could offset revenue growth, while the recent ~30% selloff signals investor skepticism and raises the bar for a strong beat. Analysts See 27% Upside for Shopify After 30% Selloff

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.