Townsquare Capital LLC lowered its holdings in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 69.7% during the third quarter, Holdings Channel.com reports. The firm owned 10,256 shares of the software maker’s stock after selling 23,618 shares during the period. Geode Capital Management LLC now owns 10,731,795 shares of the software maker’s stock valued at $1,247,007,000 after acquiring an additional 1,781,530 shares during the period. Wolfe Research upgraded Shopify from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 6th. Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.