Axxcess Wealth Management LLC Sells 5,530 Shares of Shopify Inc. $SHOP

Axxcess Wealth Management LLC lessened its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 29.3% in the third quarter, HoldingsChannel.com reports. The firm owned 13,360 shares of the software maker’s stock after selling 5,530 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Shopify were worth $1,985,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Shopify during the 3rd quarter valued at $4,110,000. Principal Financial Group Inc. increased its holdings in Shopify by 16.3% in the 3rd quarter. Principal Financial Group Inc. now owns 450,895 shares of the software maker’s stock worth $67,006,000 after acquiring an additional 63,300 shares during the last quarter. Triton Financial Group Inc bought a new stake in Shopify in the 3rd quarter valued at about $1,931,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Shopify by 4.4% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,231,257 shares of the software maker’s stock valued at $603,425,000 after acquiring an additional 218,829 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Shopify by 65.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 158,514 shares of the software maker’s stock valued at $23,557,000 after purchasing an additional 62,743 shares during the last quarter. Institutional investors own 69.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SHOP. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $175.00 price target on shares of Shopify in a research report on Thursday, February 12th. Arete Research set a $175.00 target price on shares of Shopify in a report on Monday, February 2nd. Citizens Jmp dropped their target price on Shopify from $200.00 to $160.00 and set a “market outperform” rating on the stock in a research report on Thursday, February 12th. Zacks Research lowered Shopify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Mizuho upgraded Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.64.

Shopify Stock Performance

Shopify stock opened at $123.80 on Friday. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19. The stock has a market cap of $161.17 billion, a P/E ratio of 133.12, a PEG ratio of 4.43 and a beta of 2.83. The firm’s fifty day moving average price is $146.72 and its 200-day moving average price is $150.52.

Key Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Post‑earnings rebound driven by strong Q4 results (revenue and GMV growth in the low‑30% range), bullish first‑quarter revenue outlook and the newly authorized $2 billion share repurchase program — a clear shareholder‑friendly catalyst that helped lift sentiment. Post‑earnings sentiment and buyback
• Positive Sentiment: Truist published a $150 price target for SHOP, providing an analyst‑level endorsement above the current trading price that can support upside expectations. Truist $150 PT
• Positive Sentiment: DZ Bank upgraded Shopify from Hold to Strong‑Buy, adding to the list of recent bullish analyst moves that can attract buyers. DZ Bank upgrade
• Neutral Sentiment: Jefferies kept a Hold rating with a $125 target after noting Q4 strength and AI/marketplace momentum — supportive on results but cautious enough to keep a neutral stance. Jefferies reaction to Q4
• Neutral Sentiment: Shopify was featured in a list of long‑term growth platforms, reflecting favorable long‑run narrative for investor interest but not a near‑term earnings or balance‑sheet catalyst. Long‑term growth stock mention
• Negative Sentiment: A deeper critique argues that solid Q4 results may not be enough to change Shopify’s longer‑term trajectory — concerns about margins, competitive dynamics and whether growth can sustainably re‑accelerate persist. This framing can limit upside despite the quarter. BayStreet skeptical take
• Negative Sentiment: Broader marketplace moves — eBay’s strategic deals and ad/recommerce strength — highlight intensifying competition in online marketplaces, a dynamic investors watch when assessing Shopify’s GMV/margin outlook. Market competition context

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.