$240,000 of SHOPIFY INC lobbying was just disclosed, from Q4 of 2024, in a new Lobbying Disclosure Act filing.
This included lobbying on issues like:
"Issues related to small business and corporate tax reform.
Issues related to the growth of independent small businesses in the digital economy. Issues related to online government resources for small businesses, including support for S. 1042, the One Stop Shop for Small Business Licensing Act of 2023. Issues related to modernizing small business grants and mentoring to promote a greater focus on e-commerce.
Issues related to combating online sale of counterfeit goods. Issues related to consumer privacy.
Issues related to the reform of laws relating to the protection of intellectual property rights.
Issues related to competition in the market for credit card routing, including support for H.R. 3881 / S. 1838, the Credit Card Competition Act of 2023.
Issues related to Self-Employment Assistance programs and removing barriers to entrepreneurship in unemployment insurance, including support for H.R. 8605, the NO BOSS Act.
Issues related to accessibility standards for website design. Issues related to artificial intelligence and its benefits for small business. Issues related to the regulation of digital wallets."
You can find more data on corporate lobbying on Quiver Quantitative.
SHOP Congressional Stock Trading
Members of Congress have traded $SHOP stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $SHOP stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 1 purchase worth up to $15,000 on 11/13 and 1 sale worth up to $15,000 on 08/01.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
SHOP Hedge Fund Activity
We have seen 584 institutional investors add shares of SHOP stock to their portfolio, and 526 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS added 8,471,742 shares (+31.3%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 8,170,394 shares (-31.3%) from their portfolio in Q3 2024
- BAILLIE GIFFORD & CO added 8,131,160 shares (+14.7%) to their portfolio in Q3 2024
- MORGAN STANLEY removed 7,201,698 shares (-14.8%) from their portfolio in Q3 2024
- FMR LLC added 5,869,795 shares (+16.1%) to their portfolio in Q3 2024
- POLEN CAPITAL MANAGEMENT LLC added 4,245,484 shares (+28.8%) to their portfolio in Q3 2024
- FIL LTD added 4,183,727 shares (+42.2%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
