Advisory Services Network LLC Buys 15,264 Shares of Shopify Inc. $SHOP

Advisory Services Network LLC lifted its stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,198 shares of the software maker’s stock after acquiring an additional 15,264 shares during the quarter. Advisory Services Network LLC’s holdings in Shopify were worth $13,107,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC purchased a new stake in shares of Shopify during the third quarter valued at $27,000. JPL Wealth Management LLC acquired a new position in shares of Shopify in the third quarter valued at about $32,000. Rothschild Investment LLC boosted its holdings in Shopify by 47.5% in the second quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Shopify in the second quarter valued at $27,000. Finally, Caitlin John LLC purchased a new position in shares of Shopify during the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify is accelerating “agentic” AI for shopping — management argues agentic AI can become a new entry point for merchants, which could drive merchant engagement and long-term monetization. Shopify Bets Big on Agentic AI
• Positive Sentiment: Riskified launched “Dispute Resolve” for Shopify to automate chargeback management and recover lost revenue — a direct merchant-facing capability that can improve cost recovery and strengthen the Shopify payments/ecosystem value proposition. Riskified Launches Dispute Resolve for Shopify
• Positive Sentiment: Capital-return messaging and analyst support are propping sentiment — a share repurchase program, investor presentation emphasis on product velocity, and recent analyst/price-target activity are cited as catalysts for re-rating. Shopify jumps 3.3% as buyback backdrop…
• Neutral Sentiment: Coverage highlighting Shopify as a top AI/e‑commerce pick (including inclusion in Cathie Wood’s 2026-themed lists) raises visibility and can attract momentum buyers, though such coverage is not a direct earnings catalyst. Is Shopify (SHOP) The Best AI Ecommerce Stock to Buy in 2026?
• Neutral Sentiment: Industry and tech outlets are amplifying Shopify’s AI partnerships and ecosystem wins (e.g., deeper Klaviyo/Transcosmos usage) — this supports the narrative of Shopify as commerce infrastructure but will take time to convert to material revenue upside. Is Shopify’s AI Partnership Push Quietly Redefining Its Moat In Commerce Infrastructure (SHOP)?
• Neutral Sentiment: Multiple stories note Shopify is “trending” in the news cycle — helpful for short-term attention but not necessarily a fundamental change. Shopify stock is trending on Tuesday – here’s why
• Neutral Sentiment: Independent analysis pieces highlight AI innovation plus institutional interest — useful context for investors evaluating thematic upside, but conclusions vary by author. Shopify (SHOP) Stock Analysis: AI Innovation Meets Institutional Confidence
• Negative Sentiment: Offsetting factors: some large institutional sellers trimmed positions last quarter and ARK’s stake fell (~18% reported), and technicals show the stock still below its 200‑day average with daily volume under the 3‑month average — these can limit momentum if buybacks or AI adoption don’t accelerate. (See QuiverQuant and firm filings cited in recent coverage.)

Shopify Stock Performance

Shares of SHOP opened at $127.80 on Wednesday. The firm has a market cap of $166.67 billion, a PE ratio of 137.42, a PEG ratio of 4.54 and a beta of 2.83. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The firm’s 50 day moving average price is $132.31 and its 200 day moving average price is $148.53.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SHOP. Bank of America increased their price target on shares of Shopify from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Needham & Company LLC reissued a “buy” rating and set a $180.00 price objective on shares of Shopify in a report on Thursday, February 12th. BNP Paribas Exane started coverage on shares of Shopify in a research note on Monday, November 24th. They set a “neutral” rating for the company. Raymond James Financial reiterated a “market perform” rating on shares of Shopify in a research report on Monday, December 1st. Finally, ATB Cormark Capital Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.38.

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.