<div id="readability-page-1"><p>Canada Pension Plan Investment Board boosted its holdings in  Shopify Inc. (NYSE:SHOP - Free Report) <span>TSE: SHOP<span></span></span> by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,420,836 shares of the software maker's stock after purchasing an additional 423,000 shares during the quarter. Canada Pension Plan Investment Board owned about 0.34% of Shopify worth $469,911,000 at the end of the most recent quarter.</p><ul><li>Congress! Who Traded What During the Tariff-Induced Meltdown </li></ul><p>A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allianz SE bought a new position in  Shopify during the 4th quarter valued at approximately $27,000.  PFG Private Wealth Management LLC increased its holdings in shares of  Shopify by 3,657.1% during the fourth quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock valued at $28,000 after acquiring an additional 256 shares in the last quarter.  Mark Sheptoff Financial Planning LLC increased its holdings in shares of  Shopify by 50.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker's stock valued at $32,000 after acquiring an additional 100 shares in the last quarter.  New Wave Wealth Advisors LLC purchased a new position in shares of  Shopify in the 4th quarter worth about $39,000.  Finally, Mather Group LLC. boosted its stake in  Shopify by 84.8% in the 4th quarter. Mather Group LLC. now owns 401 shares of the software maker's stock worth $43,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own  69.27% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>SHOP has been the subject of several recent analyst reports. Wedbush  reaffirmed an &#34;outperform&#34; rating and issued a $110.00 target price on shares of Shopify in a report on Tuesday. DA Davidson decreased their price objective on shares of Shopify from $150.00 to $115.00 and set a &#34;buy&#34; rating for the company in a report on Monday. The Goldman Sachs Group increased their target price on Shopify from $135.00 to $150.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, February 12th. Piper Sandler boosted their price target on Shopify from $94.00 to $104.00 and gave the stock a &#34;neutral&#34; rating in a research note on Wednesday, February 12th. Finally, UBS Group increased their price objective on Shopify from $110.00 to $125.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday, February 12th. One investment analyst  has rated the stock with a sell rating, fifteen have assigned  a hold rating, twenty-four have issued  a buy rating and one  has assigned  a strong buy rating to the stock. Based on data from MarketBeat.com, Shopify  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $121.51.</p><ul><li>Retail Sales Data Signals a Surge: The E-Commerce Stock Picks</li></ul><p><b>Read Our Latest Stock Analysis on Shopify</b></p><h2>Shopify Stock Up 0.1 %</h2><p>Shares of SHOP stock opened at $83.96 on Thursday. The stock has a market cap of $108.71 billion, a P/E ratio of 54.17, a PEG ratio of 4.82 and a beta of 2.82. The company's fifty day simple moving average is $101.99 and its two-hundred day simple moving average is $101.40. Shopify Inc. has a 52 week low of $48.56 and a 52 week high of $129.38. </p><ul><li>March’s Hottest Stocks: 5 Buys to Consider Now</li></ul><p>Shopify (NYSE:SHOP - Get Free Report) <span>TSE: SHOP<span></span></span> last released its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%.  On average, analysts anticipate that  Shopify Inc. will post 1.12 EPS for the current fiscal year. </p><h2>Shopify Profile</h2> (Free Report)<p>Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.</p><h2>See Also</h2><ul><li>Five stocks we like better than Shopify</li><li>What is Short Interest? How to Use It</li><li>Viking Therapeutics Stock Pops But Struggles to Hold Gains</li><li>What Are Trending Stocks? Trending Stocks Explained</li><li>Qualcomm Stock Just Earned a Fresh Buy Rating—Get Excited</li><li>Top Biotech Stocks: Exploring Innovation Opportunities</li><li>Meta Stock Holds Upside Potential as Analysts Cut Price Targets</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNIT1A?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNIT1A"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Shopify Right Now?</h2><p>Before you consider Shopify, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shopify wasn't on the list.</p><p>While Shopify currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SHOP

<p>Canada Pension Plan Investment Board increased its stake in Shopify Inc. (NYSE:SHOP) by 10.6% in Q4, acquiring 423,000 shares, bringing its total to 4,420,836 shares valued at approximately $469.9 million. Other institutional investors also adjusted their positions, with significant increases in holdings. Analysts have mixed ratings on Shopify, with a consensus rating of "Moderate Buy" and an average target price of $121.51. Shopify's stock opened at $83.96, with a market cap of $108.71 billion and a recent earnings report showing a miss on EPS estimates.</p>

Canada Pension Plan Investment Board Acquires 423,000 Shares of Shopify Inc. (NYSE:SHOP)