After this afternoon's -4.1% drop to $111.93 per share, Shopify might just keep moving past its target price of $115.18. With an average analyst rating of buy, and target prices from $85.0 to $135.0, the stock's next move is anyone's guess.
Shopify's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 2.16. The company's insiders own 0.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 75.0%. In conclusion, we believe there is mixed market sentiment regarding Shopify.
Institutions Invested in Shopify
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2025-03-31 | BAILLIE GIFFORD & CO | 5% | 55,877,748 | $6,254,396,350 |
| 2025-03-31 | Capital World Investors | 4% | 52,101,843 | $5,831,759,302 |
| 2025-03-31 | FMR, LLC | 4% | 49,239,719 | $5,511,401,762 |
| 2025-03-31 | Vanguard Group Inc | 4% | 47,962,280 | $5,368,418,015 |
| 2025-03-31 | Capital International Investors | 3% | 35,318,518 | $3,953,201,730 |
| 2025-03-31 | Price (T.Rowe) Associates Inc | 3% | 34,008,966 | $3,806,623,574 |
| 2025-03-31 | Morgan Stanley | 2% | 30,040,695 | $3,362,455,000 |
| 2025-03-31 | JPMORGAN CHASE & CO | 2% | 28,110,871 | $3,146,449,799 |
| 2025-03-31 | Capital Research Global Investors | 2% | 23,292,570 | $2,607,137,367 |
| 2025-03-31 | Royal Bank of Canada | 2% | 19,545,576 | $2,187,736,327 |
