<div id="readability-page-1">Principal Financial Group Inc. cut its holdings in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 35.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 291,860 shares of the software maker's stock after selling 159,035 shares during the quarter. Principal Financial Group Inc.'s holdings in Shopify were worth $47,005,000 as of its most recent filing with the SEC.<ul><li>MarketBeat Week in Review – 05/04 - 05/08</li></ul>A number of other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. increased its stake in Shopify by 31.0% in the fourth quarter. QRG Capital Management Inc. now owns 5,892 shares of the software maker's stock valued at $948,000 after purchasing an additional 1,396 shares during the period. Triasima Portfolio Management inc. increased its stake in Shopify by 11.0% in the fourth quarter. Triasima Portfolio Management inc. now owns 182,338 shares of the software maker's stock valued at $29,398,000 after purchasing an additional 18,028 shares during the period. Ascent Wealth Partners LLC increased its stake in Shopify by 0.5% in the fourth quarter. Ascent Wealth Partners LLC now owns 19,538 shares of the software maker's stock valued at $3,145,000 after purchasing an additional 106 shares during the period. Truist Financial Corp increased its stake in Shopify by 1.2% in the fourth quarter. Truist Financial Corp now owns 381,288 shares of the software maker's stock valued at $61,376,000 after purchasing an additional 4,406 shares during the period. Finally, Montag A &amp; Associates Inc. increased its stake in Shopify by 2.4% in the fourth quarter. Montag A &amp; Associates Inc. now owns 17,758 shares of the software maker's stock valued at $2,858,000 after purchasing an additional 414 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds. <h2>Wall Street Analyst Weigh In</h2>SHOP has been the topic of a number of recent research reports. Weiss Ratings lowered shares of Shopify from a &#34;hold (c)&#34; rating to a &#34;hold (c-)&#34; rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a &#34;buy&#34; rating and issued a $175.00 target price on shares of Shopify in a report on Thursday, February 12th. Barclays set a $126.00 target price on shares of Shopify and gave the company an &#34;equal weight&#34; rating in a report on Wednesday. TD Cowen raised shares of Shopify from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $159.00 target price on the stock in a report on Wednesday, February 11th. Finally, Arete Research set a $175.00 target price on shares of Shopify in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $158.42.<ul><li>Shopify’s Valuation Crisis Creates Opportunity in 2026</li></ul>Read Our Latest Research Report on SHOP<h2>Shopify News Summary</h2>Here are the key news stories impacting Shopify this week:<ul> <li>Positive Sentiment: Shopify’s Q1 2026 results showed strong revenue growth, robust gross merchandise volume, and continued free-cash-flow strength, reinforcing that the core business is still expanding. Shopify's Revenue Is Surging, but Stock Falls. Here's Why It's a Buying Opportunity.</li> <li>Positive Sentiment: Cathie Wood reportedly bought about $32 million of Shopify after the earnings report, which may be seen as a vote of confidence from a high-profile growth investor. Cathie Wood buys $32M of e-commerce goliath after strong earnings</li> <li>Positive Sentiment: AI is increasingly being highlighted as a growth driver for Shopify’s merchant tools and platform, supporting the longer-term growth narrative. Shopify's Revenue Is Surging, but Stock Falls. Here's Why It's a Buying Opportunity.</li> <li>Neutral Sentiment: Several brokerages adjusted price targets this week, with some lowering targets but others reaffirming bullish views such as RBC’s outperform rating, suggesting expectations remain divided rather than clearly negative. Shopify NASDAQ: SHOP Receives Outperform Rating from Royal Bank Of Canada</li> <li>Neutral Sentiment: Commentary around unusual options activity and Shopify’s inclusion in high-conviction ETF holdings points to continued investor interest, but not necessarily a near-term catalyst. Unusual Shopify stock options activity signals a unique trade for income and upside</li> <li>Negative Sentiment: Recent coverage says Shopify’s valuation remains a near-term headwind, which helps explain why the stock has been sliding despite strong operating results. As Shopify Sinks 14% Following Earnings, Here's What Barchart Data Says Comes Next for SHOP Stock</li> <li>Negative Sentiment: Some investors remain cautious after the earnings report, arguing the stock is still too expensive and that patience may be needed before the shares can recover. MarketBeat Week in Review – 05/04 - 05/08</li> </ul><h2>Shopify Stock Down 1.6%</h2><ul><li>GameStop's eBay Gamble: Bold Move or Balance Sheet Disaster?</li></ul>Shares of NASDAQ:SHOP opened at $110.00 on Friday. The company has a market cap of $143.45 billion, a price-to-earnings ratio of 108.91, a PEG ratio of 3.14 and a beta of 2.64. Shopify Inc. has a fifty-two week low of $88.90 and a fifty-two week high of $182.19. The firm's 50-day simple moving average is $121.76 and its 200-day simple moving average is $140.96. Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last released its quarterly earnings data on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $998.78. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. On average, research analysts forecast that Shopify Inc. will post 1.36 EPS for the current year. <h2>About Shopify</h2> (Free Report)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.<h2>Featured Stories</h2><ul><li>Five stocks we like better than Shopify</li></ul>Want to see what other hedge funds are holding SHOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP.<img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hPUA?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-UHJlZml4PU5BU0RBUSZTeW1ib2w9U0hPUA"/>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<h2>Should You Invest $1,000 in Shopify Right Now?</h2>Before you consider Shopify, you'll want to hear this.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.While Shopify currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

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Principal Financial Group Inc. reduced its stake in Shopify Inc. (NASDAQ:SHOP) by 35.3% in Q4, now holding 291,860 shares valued at $47 million. Other institutional investors, including QRG Capital and Triasima, increased their stakes. Analysts have mixed views on Shopify, with ratings ranging from "Strong Buy" to "Hold" and a consensus rating of "Moderate Buy". Despite strong revenue growth, Shopify's stock has faced downward pressure due to valuation concerns, leading to varied price target adjustments by brokerages.

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SPDR S&P Software

iShares Expanded Tech Software Sector ETF

Direxion Daily SHOP Bear 1X ETF

Direxion Daily SHOP Bull 2X ETF

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Truist Financial

Deutsche Bank AG

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ROYAL BANK OF CANADA

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Shopify Inc. $SHOP Shares Sold by Principal Financial Group Inc.