Alberta Investment Management Corp Has $94.69 Million Stake in Shopify Inc. $SHOP

Alberta Investment Management Corp raised its holdings in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 87.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 588,098 shares of the software maker’s stock after buying an additional 273,898 shares during the period. Shopify comprises 0.5% of Alberta Investment Management Corp’s holdings, making the stock its 22nd largest position. Alberta Investment Management Corp’s holdings in Shopify were worth $94,694,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Affirmative Financial Network increased its stake in Shopify by 3.4% in the 3rd quarter. First Affirmative Financial Network now owns 2,275 shares of the software maker’s stock valued at $338,000 after buying an additional 75 shares during the last quarter. TBH Global Asset Management LLC boosted its stake in shares of Shopify by 1.2% in the 4th quarter. TBH Global Asset Management LLC now owns 6,438 shares of the software maker’s stock worth $1,036,000 after buying an additional 75 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Shopify by 13.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker’s stock worth $72,000 after buying an additional 77 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Shopify by 2.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 3,164 shares of the software maker’s stock valued at $509,000 after acquiring an additional 80 shares in the last quarter. Finally, Pacific Sage Partners LLC grew its holdings in shares of Shopify by 3.9% in the fourth quarter. Pacific Sage Partners LLC now owns 2,133 shares of the software maker’s stock valued at $343,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.

Shopify Price Performance

Shopify stock opened at $108.85 on Friday. The firm has a market capitalization of $141.25 billion, a P/E ratio of 107.77, a PEG ratio of 3.03 and a beta of 2.60. 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 $113.40 and a 200-day moving average price of $130.09.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on SHOP. National Bank Financial reduced their price objective on Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. UBS Group restated a “neutral” rating on shares of Shopify in a report on Thursday, May 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Shopify in a research report on Wednesday, May 6th. DA Davidson dropped their target price on shares of Shopify from $195.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Citizens Jmp reduced their target price on shares of Shopify from $160.00 to $150.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.17.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Shopify reaffirmed shareholder support at its 2026 annual meeting, with management proposals approved, all director nominees elected, and investors backing the company’s current AI strategy by rejecting a separate AI policy proposal. Shopify (SHOP) Backs Management At 2026 Meeting As Shareholders Reject AI Policy
• Positive Sentiment: Shopify’s expanded US$5 billion share repurchase authorization signals confidence from the board and provides a potential source of support for the stock. What Shopify (SHOP)’s US$5 Billion Buyback and AI Commerce Push Means For Shareholders
• Positive Sentiment: New app ecosystem releases from partners like Bloomreach and Loox highlight continued merchant demand for Shopify-related tools, reinforcing platform engagement and developer activity. New Sidekick Extension in Loomi for Shopify Gives Merchants Instant Search Ranking Visibility
• Neutral Sentiment: Analysts continue to rate Shopify around “Moderate Buy,” suggesting a generally constructive but not overly bullish Street view. Shopify Inc. (NASDAQ:SHOP) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Shopify also disclosed results from its 2026 annual shareholder meeting, another event that mainly confirms governance and capital-allocation decisions already in focus. Shopify Inc.: Shopify Announces Results of its 2026 Annual Meeting of Shareholders
• Negative Sentiment: Shopify stock fell notably as part of a broader market move, with investor sentiment likely weighed by the recent decline rather than a single negative operating headline. Shopify (SHOP) Declines More Than Market: Some Information for Investors

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.