Shopify Inc. $SHOP Shares Acquired by US Bancorp DE

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US Bancorp DE significantly increased its stake in Shopify Inc. during the fourth quarter, purchasing an additional 19,857 shares to bring its total holdings to 86,444 shares valued at $13.915 million. This move is part of a broader trend of institutional accumulation, with 69.27% of Shopify stock now owned by institutions and hedge funds. Despite a current high P/E ratio, analysts maintain a consensus price target of approximately $162 suggesting potential upside, driven by Shopify’s initiatives in AI-commerce and fintech expansion.

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