Investment Research & Advisory Group Inc. Purchases 7,150 Shares of Shopify Inc. $SHOP
by Kim Johansen · The Markets DailyInvestment Research & Advisory Group Inc. increased its position in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 3,206.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,373 shares of the software maker’s stock after purchasing an additional 7,150 shares during the period. Investment Research & Advisory Group Inc.’s holdings in Shopify were worth $1,187,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC bought a new stake in shares of Shopify during the 3rd quarter valued at $27,000. Lodestone Wealth Management LLC bought a new position in shares of Shopify in the 4th quarter worth about $31,000. JPL Wealth Management LLC bought a new position in shares of Shopify in the 3rd quarter worth about $32,000. Caitlin John LLC purchased a new position in Shopify during the 3rd quarter valued at about $36,000. Finally, Cornerstone Planning Group LLC lifted its position in Shopify by 104.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 250 shares of the software maker’s stock valued at $37,000 after acquiring an additional 128 shares during the period. Institutional investors own 69.27% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on SHOP. Mizuho raised shares of Shopify from a “neutral” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Thursday, February 12th. ATB Cormark Capital Markets upgraded shares of Shopify from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 10th. Royal Bank Of Canada set a $170.00 price target on Shopify and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Citigroup restated a “buy” rating and issued a $172.00 price target (down from $195.00) on shares of Shopify in a research note on Friday, February 13th. Finally, BMO Capital Markets set a $160.00 price objective on Shopify in a research report on Thursday, February 12th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.38.
Get Our Latest Analysis on Shopify
Shopify Stock Performance
Shares of Shopify stock opened at $118.25 on Friday. The company has a 50-day simple moving average of $122.52 and a two-hundred day simple moving average of $146.12. The stock has a market capitalization of $154.21 billion, a PE ratio of 127.15, a price-to-earnings-growth ratio of 4.24 and a beta of 2.82. Shopify Inc. has a 52-week low of $69.84 and a 52-week high of $182.19.
Shopify News Roundup
Here are the key news stories impacting Shopify this week:
- Positive Sentiment: Strong Q2 metrics and product momentum: A recent analysis highlights Shopify’s 30.6% Y/Y revenue growth, durable free‑cash‑flow gains, expanding Shop Pay/merchant solutions adoption, and a push of AI‑powered commerce tools that could deepen merchant engagement and broaden payments/discovery use cases — a fundamental driver for upside. AI Commerce Push And Strong Q2 Results Could Be A Game Changer For Shopify (SHOP)
- Positive Sentiment: Analyst consensus is favorable: Aggregated analyst ratings show a “Moderate Buy” consensus for SHOP, which can support demand if investors follow sell‑side guidance or if upgrades continue. Shopify Inc. (NASDAQ:SHOP) Receives Consensus Rating of “Moderate Buy” from Analysts
- Positive Sentiment: Buy‑on‑dip narrative: Market commentary grouping Shopify among attractive growth names amid a Nasdaq pullback could draw contrarian inflows from investors seeking long‑term exposure to commerce and AI tailwinds. Nasdaq Correction: 2 Outstanding Growth Stocks to Buy on the Dip
- Neutral Sentiment: Media pieces urging investors to “add Shopify” lean on average brokerage recommendations but also warn that sell‑side optimism can be overstated — useful context but not new company fundamentals. Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet Brokers Suggest Investing in Shopify (SHOP): Read This Before Placing a Bet
- Neutral Sentiment: Partner and ecosystem updates (third‑party storefront builders and integrations like TikTok Shop) increase merchant tooling and platform stickiness but are incremental versus Shopify’s core financial drivers. Emersoft Expands Its Unified Commerce Platform for Independent Bookstores to Include TikTok Shop Integration Sell The Trend Launches AI-Powered Shopify Store Builder to Help Entrepreneurs Go Live in Minutes
- Negative Sentiment: Critical/contrarian analysis: Some writeups pair Shopify with other small‑cap names in skeptical or critical analyses — such coverage can pressure sentiment if it raises concerns about valuation (SHOP’s P/E and PEG are elevated) or growth sustainability. iCoreConnect (NASDAQ:ICCT) & Shopify (NASDAQ:SHOP) Critical Analysis
About Shopify
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.