AMF Tjanstepension AB Purchases 9,851 Shares of Shopify Inc. $SHOP

AMF Tjanstepension AB lifted its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 2.9% in the 1st quarter, Holdings Channel reports. The fund owned 350,833 shares of the software maker’s stock after buying an additional 9,851 shares during the quarter. AMF Tjanstepension AB’s holdings in Shopify were worth $41,616,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. bought a new stake in Shopify in the 4th quarter valued at about $26,000. Curio Wealth LLC bought a new position in Shopify during the fourth quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Shopify in the fourth quarter worth about $29,000. Lloyd Advisory Services LLC. purchased a new position in shares of Shopify in the fourth quarter worth about $31,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Shopify in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

NASDAQ:SHOP opened at $122.54 on Monday. Shopify Inc. has a 52-week low of $94.00 and a 52-week high of $182.19. The stock has a fifty day moving average of $111.12 and a 200 day moving average of $124.93. The firm has a market capitalization of $159.02 billion, a price-to-earnings ratio of 121.33, a P/E/G ratio of 2.66 and a beta of 2.58.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SHOP. Jefferies Financial Group upgraded shares of Shopify from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Sunday. BMO Capital Markets assumed coverage on shares of Shopify in a research note on Friday. They issued a “market perform” rating for the company. Bank of America initiated coverage on shares of Shopify in a report on Tuesday, July 7th. They set a “buy” rating and a $150.00 target price on the stock. Stifel Nicolaus set a $150.00 target price on Shopify and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings lowered Shopify from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.58.

Shopify News Roundup

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bank of America said Shopify is a major AI winner, reinforcing the view that the company could benefit as merchants adopt AI tools to improve sales, marketing, and checkout performance. Bank of America argues Shopify is a major AI winner
• Positive Sentiment: Zacks upgraded Shopify from hold to strong-buy, and other research notes highlighted earnings growth and price strength, adding to bullish sentiment around the stock. Earnings Growth & Price Strength Make Shopify (SHOP) a Stock to Watch
• Neutral Sentiment: Shopify is also showing up on trending-stock lists and analyst-call roundups, suggesting elevated investor attention, but these items are more about visibility than a direct business catalyst. Shopify Inc. (SHOP) Is a Trending Stock
• Neutral Sentiment: Investors are also watching for Shopify’s Q2 2026 results on August 5, which could become a bigger driver once earnings are closer. This Week In E-Commerce – Shopify’s Q2 2026 Financial Results Announcement Insights
• Negative Sentiment: Shopify remains a richly valued stock, with several recent articles questioning whether the current price is hard to justify, which may limit upside and keep volatility high. Shopify: Great Company, Impossible Valuation
• Negative Sentiment: There was also recent weakness in the broader tech market, and Shopify had already declined in a prior session, showing that macro pressure and high valuation can still weigh on the shares. HubSpot, Q2 Holdings, and Shopify Shares Plummet, What You Need To Know

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.