Citizens Financial Group Inc. RI Sells 4,082 Shares of Shopify Inc. $SHOP

Citizens Financial Group Inc. RI cut its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,055 shares of the software maker’s stock after selling 4,082 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Shopify were worth $4,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Shopify by 1.5% during 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 buying an additional 743,803 shares during the period. Norges Bank purchased a new stake in shares of Shopify in the 4th quarter worth about $2,611,797,000. Invesco Ltd. increased its stake in shares of Shopify by 9.8% in the 4th quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after acquiring an additional 1,252,074 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Shopify by 6.2% in the 4th quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock worth $2,043,365,000 after acquiring an additional 737,892 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Shopify by 9.1% during the 4th quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock valued at $1,627,352,000 after acquiring an additional 827,643 shares during the period. 69.27% of the stock is owned by hedge funds and other institutional investors.

Shopify Stock Performance

Shares of 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 market capitalization of $159.02 billion, a price-to-earnings ratio of 121.33, a PEG ratio of 2.66 and a beta of 2.58. The stock’s 50-day simple moving average is $111.12 and its two-hundred day simple moving average is $124.93.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SHOP. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price objective on shares of Shopify in a research note on Wednesday, May 6th. Susquehanna began coverage on shares of Shopify in a research note on Friday. They set a “neutral” rating for the company. BMO Capital Markets started coverage on shares of Shopify in a report on Friday. They set a “market perform” rating for the company. Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of Shopify in a research report on Wednesday, May 6th. Finally, DA Davidson cut their price target on Shopify from $195.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Shopify presently has a consensus rating of “Moderate Buy” and an average price target of $157.58.

Shopify News Summary

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 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.