Shelton Capital Management Invests $15.88 Million in Shopify Inc. $SHOP

Shelton Capital Management acquired a new position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) in the second quarter, Holdings Channel reports. The firm acquired 137,642 shares of the software maker’s stock, valued at approximately $15,877,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SHOP. Family Legacy Financial Solutions LLC bought a new position in Shopify in the second quarter worth about $25,000. Financial Gravity Companies Inc. bought a new stake in shares of Shopify in the 2nd quarter valued at about $27,000. Rothschild Investment LLC grew its position in shares of Shopify by 47.5% in the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Shopify by 71.4% during the 2nd quarter. Tradewinds Capital Management LLC now owns 240 shares of the software maker’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Finally, Coastline Trust Co bought a new position in shares of Shopify during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shopify stock opened at $158.64 on Monday. The business’s 50-day simple moving average is $157.48 and its two-hundred day simple moving average is $136.18. The company has a market cap of $206.52 billion, a PE ratio of 117.51, a PEG ratio of 5.86 and a beta of 2.82. Shopify Inc. has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Shopify had a return on equity of 11.72% and a net margin of 16.65%. Shopify has set its Q4 2025 guidance at EPS. As a group, analysts predict that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on SHOP. Benchmark restated a “buy” rating on shares of Shopify in a research note on Wednesday, November 5th. UBS Group reissued a “neutral” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Shopify in a research report on Wednesday, November 5th. Atb Cap Markets lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their price target on Shopify from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, JMP Securities boosted their price target on Shopify from $135.00 to $185.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. Twenty-two equities research analysts have rated the stock with a Buy rating and twenty-four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $165.69.

Shopify Profile

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.