WINTON GROUP Ltd Sells 52,641 Shares of Shopify Inc. $SHOP

WINTON GROUP Ltd decreased its position in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 39.8% during the second quarter, Holdings Channel reports. The fund owned 79,492 shares of the software maker’s stock after selling 52,641 shares during the period. WINTON GROUP Ltd’s holdings in Shopify were worth $9,076,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Shopify in the 4th quarter valued at approximately $2,611,797,000. Invesco Ltd. raised its holdings in Shopify by 9.8% in the fourth quarter. Invesco Ltd. now owns 14,026,193 shares of the software maker’s stock worth $2,257,796,000 after purchasing an additional 1,252,074 shares in the last quarter. Geode Capital Management LLC raised its holdings in Shopify by 6.2% in the fourth quarter. Geode Capital Management LLC now owns 12,601,476 shares of the software maker’s stock worth $2,043,365,000 after purchasing an additional 737,892 shares in the last quarter. Mackenzie Financial Corp lifted its position in Shopify by 9.1% during the fourth quarter. Mackenzie Financial Corp now owns 9,961,097 shares of the software maker’s stock valued at $1,627,352,000 after buying an additional 827,643 shares during the period. Finally, Sands Capital Management LLC lifted its position in Shopify by 37.0% during the fourth quarter. Sands Capital Management LLC now owns 9,506,036 shares of the software maker’s stock valued at $1,530,187,000 after buying an additional 2,568,765 shares during the period. Institutional investors own 69.27% of the company’s stock.

Shopify Stock Performance

Shares of SHOP stock opened at $126.79 on Thursday. The company has a market capitalization of $163.13 billion, a price-to-earnings ratio of 85.67, a price-to-earnings-growth ratio of 2.73 and a beta of 2.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.35 and a current ratio of 5.35. Shopify Inc. has a one year low of $94.00 and a one year high of $182.19. The company’s 50-day moving average is $135.32 and its 200 day moving average is $123.09.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last issued its earnings results on Wednesday, August 5th. The software maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. Shopify had a net margin of 14.53% and a return on equity of 12.58%. The firm had revenue of $3.58 billion for the quarter. During the same quarter in the prior year, the company posted $0.69 EPS. The company’s quarterly revenue was up 33.7% on a year-over-year basis. Sell-side analysts expect that Shopify Inc. will post 1.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SHOP. Jefferies Financial Group restated a “buy” rating and set a $175.00 target price on shares of Shopify in a report on Wednesday, August 5th. Zacks Research cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. UBS Group reissued a “neutral” rating and set a $145.00 price target (up from $130.00) on shares of Shopify in a research report on Thursday, August 6th. National Bank Financial reissued an “outperform” rating and set a $180.00 price objective (up from $155.00) on shares of Shopify in a research note on Wednesday, August 5th. Finally, Wedbush upped their price objective on shares of Shopify from $155.00 to $176.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Shopify presently has an average rating of “Moderate Buy” and a consensus price target of $171.65.

Shopify News Summary

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Tailwind Labs acquisition: Shopify acquired Tailwind Labs, which described the transaction as providing a “stable, long-term home.” The deal could strengthen Shopify’s developer, design, and commerce ecosystem, although its financial impact was not disclosed. Shopify acquires Tailwind Labs Tailwind finds stable long-term home with Shopify acquisition
• Positive Sentiment: AI and payments remain growth opportunities: Coverage highlights Shopify’s push into artificial intelligence, while activity surrounding a commerce payments protocol connected with Shopify and Coinbase suggests continued experimentation with blockchain-based payments. These developments could support merchant engagement and transaction growth, but their contribution to earnings remains uncertain. How Shopify’s Push into AI Is Working Out Commerce Payments Protocol sees surge in volume on Base network
• Neutral Sentiment: Analyst support: Broker views continue to frame Shopify as a potentially attractive investment, but the articles do not identify a material new rating change or price-target revision. Shopify Is Considered a Good Investment by Brokers
• Negative Sentiment: Sector-specific selling: Shopify and Etsy declined more than the broader e-commerce group, suggesting investors were targeting certain platform stocks rather than broadly abandoning online retail. Shopify and Etsy E-Commerce Selloff
• Negative Sentiment: Operational concern: A reported Shopify outage may have raised short-term concerns about merchant reliability, though no lasting business impact was reported. Shopify outage reported

Shopify Profile

Shopify Inc (NASDAQ:SHOP) is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow retail operations. Its platform enables merchants to create and manage online stores, sell through social media and other digital channels, and support in-person sales through Shopify’s point-of-sale solutions.

Shopify’s products and services include online storefront and website-building tools, payment processing through Shopify Payments, point-of-sale hardware and software, inventory and order management, shipping and fulfillment tools, marketing features, analytics, and financing services for eligible merchants.