Shopify (SHOP) is down 8.4% today. Here is some analysis on what might have caused this price movement.
Analysis: A clear company-specific catalyst was not easy to confirm today, so the selloff appears tied to a mix of marketwide risk aversion and stock-specific sentiment around valuation and competitive threats. This could be because investors used a weak tape to cut exposure to higher-multiple growth names like Shopify, especially after recent insider sale filings and an earlier analyst downgrade that raised concerns about AI-driven competition.
Shopify Investor Relations, SEC, AP News, TipRanks
Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.
$SHOP Hedge Fund Activity
We have seen 789 institutional investors add shares of $SHOP stock to their portfolio, and 1,065 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INVESCO LTD. added 25,923,294 shares (+243.5%) to their portfolio in Q2 2026, for an estimated $2,959,921,708
- JPMORGAN CHASE & CO added 15,220,724 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,737,902,266
- JENNISON ASSOCIATES LLC removed 9,452,863 shares (-58.0%) from their portfolio in Q2 2026, for an estimated $1,079,327,897
- WCM INVESTMENT MANAGEMENT, LLC removed 6,675,474 shares (-99.9%) from their portfolio in Q2 2026, for an estimated $762,205,621
- BAMCO INC /NY/ added 6,437,316 shares (+136.4%) to their portfolio in Q2 2026, for an estimated $735,012,740
- CAPITAL INTERNATIONAL INVESTORS added 4,833,553 shares (+9.7%) to their portfolio in Q2 2026, for an estimated $551,895,081
- CAPITAL RESEARCH GLOBAL INVESTORS removed 4,150,231 shares (-35.6%) from their portfolio in Q2 2026, for an estimated $473,873,375
To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$SHOP Price Targets
Multiple analysts have issued price targets for $SHOP recently. We have seen 10 analysts offer price targets for $SHOP in the last 6 months, with a median target of $147.5.
- Tal Liani from B of A Securities set a target price of $150.0 on 07/07/2026
- Gil Luria from DA Davidson set a target price of $140.0 on 05/06/2026
- Paul Treiber from RBC Capital set a target price of $170.0 on 05/06/2026
- Trevor Young from Barclays set a target price of $126.0 on 05/06/2026
- Andrew Boone from Citizens set a target price of $150.0 on 05/06/2026
- Ken Gawrelski from Wells Fargo set a target price of $144.0 on 05/06/2026
- Tyler Radke from Citigroup set a target price of $156.0 on 05/06/2026
This article is not financial advice. See Quiver Quantitative’s disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
