Amova Asset Management Americas Inc. Has $529.84 Million Stock Position in Shopify Inc. $SHOP

Amova Asset Management Americas Inc. cut its holdings in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,293,185 shares of the software maker’s stock after selling 675,408 shares during the period. Shopify comprises approximately 6.1% of Amova Asset Management Americas Inc.’s portfolio, making the stock its biggest holding. Amova Asset Management Americas Inc.’s holdings in Shopify were worth $529,841,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SHOP. Norges Bank bought a new position in shares of Shopify in the fourth quarter valued at approximately $2,611,797,000. Thrivent Financial for Lutherans grew its holdings in shares of Shopify by 7,207.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,148,259 shares of the software maker’s stock valued at $184,883,000 after acquiring an additional 1,132,545 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Shopify by 92.5% in the second quarter. Select Equity Group L.P. now owns 2,246,473 shares of the software maker’s stock valued at $259,124,000 after acquiring an additional 1,079,494 shares in the last quarter. Steadfast Capital Management LP bought a new position in shares of Shopify in the third quarter valued at approximately $140,930,000. Finally, Vanguard Group Inc. grew its holdings in shares of Shopify by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 50,670,627 shares of the software maker’s stock valued at $8,158,643,000 after acquiring an additional 743,803 shares in the last quarter. 69.27% of the stock is owned by institutional investors.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify continues to show solid operating execution, with analysts highlighting strength in AI-driven traffic, payments, enterprise adoption, and overall revenue growth. Its Q1 2026 GMV reportedly topped $100.7 billion again, reinforcing that merchant activity remains healthy. Shopify’s GMV Tops $100B Again: What Investors Should Know
• Positive Sentiment: Analysts and market commentary remain constructive on Shopify’s long-term growth story, with some articles arguing the stock may still have room to run if management keeps delivering on execution and e-commerce expansion. Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?
• Neutral Sentiment: Shopify remains a widely followed growth stock, and recent commentary from market strategists and analyst roundups has kept attention on the company’s fundamentals rather than any new company-specific setback. Shopify (SHOP) Fell With Software Sell Off
• Neutral Sentiment: Short-interest data showed no meaningful change in the reported figures, suggesting no clear new bearish catalyst from positioning.
• Negative Sentiment: The main headwind is valuation: Shopify trades at a premium forward sales multiple, leaving little room for disappointment if growth or margins slow. That concern, along with a broader software selloff, has weighed on the stock. Can Shopify’s Strong Execution Outweigh Valuation Concerns in H2 2026?

Shopify Price Performance

Shopify stock opened at $110.42 on Wednesday. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The business has a fifty day moving average price of $114.43 and a 200-day moving average price of $132.29. The firm has a market capitalization of $143.29 billion, a P/E ratio of 109.33, a PEG ratio of 3.11 and a beta of 2.60.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last posted its quarterly earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $998.78. Shopify had a return on equity of 12.07% and a net margin of 10.77%.The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.08 billion. Sell-side analysts expect that Shopify Inc. will post 1.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SHOP shares. BMO Capital Markets reduced their price objective on Shopify from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on Shopify from $166.00 to $144.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. TD Cowen raised Shopify from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a report on Wednesday, February 11th. Phillip Securities raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $180.00 price objective on shares of Shopify in a report on Tuesday, May 5th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.17.

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.