137,642 Shares in Shopify Inc. $SHOP Bought by Shelton Capital Management

Shelton Capital Management acquired a new stake in shares of Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 137,642 shares of the software maker’s stock, valued at approximately $15,877,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SHOP. VestGen Advisors LLC boosted its stake in shares of Shopify by 89.9% during the 2nd quarter. VestGen Advisors LLC now owns 37,589 shares of the software maker’s stock worth $4,336,000 after purchasing an additional 17,800 shares during the period. Estabrook Capital Management bought a new stake in Shopify in the second quarter worth about $29,000. Dixon Mitchell Investment Counsel Inc. lifted its stake in Shopify by 3.3% in the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 76,307 shares of the software maker’s stock worth $8,783,000 after purchasing an additional 2,467 shares during the last quarter. West Family Investments Inc. boosted its position in shares of Shopify by 272.1% during the second quarter. West Family Investments Inc. now owns 8,082 shares of the software maker’s stock valued at $932,000 after buying an additional 5,910 shares during the period. Finally, Edgewood Management LLC boosted its position in shares of Shopify by 10.5% during the second quarter. Edgewood Management LLC now owns 9,558,067 shares of the software maker’s stock valued at $1,102,523,000 after buying an additional 911,908 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.

Analysts Set New Price Targets

SHOP has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating on shares of Shopify in a report on Monday. National Bankshares upped their price objective on Shopify from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Benchmark reiterated a “buy” rating on shares of Shopify in a research report on Wednesday, November 5th. Morgan Stanley reissued an “overweight” rating and set a $192.00 target price (up from $165.00) on shares of Shopify in a research note on Wednesday, November 5th. Finally, Wedbush restated an “outperform” rating and issued a $185.00 price target (up from $160.00) on shares of Shopify in a report on Tuesday, November 4th. Twenty-two research analysts have rated the stock with a Buy rating and twenty-four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Shopify currently has an average rating of “Hold” and an average price target of $165.69.

Shopify Trading Down 0.4%

Shares of SHOP stock opened at $158.64 on Monday. Shopify Inc. has a twelve month low of $69.84 and a twelve month high of $182.19. The stock has a fifty day simple moving average of $157.48 and a two-hundred day simple moving average of $136.18. The stock has a market capitalization of $206.52 billion, a price-to-earnings ratio of 117.51, a P/E/G ratio of 5.86 and a beta of 2.82.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates 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. Research analysts predict that Shopify Inc. will post 1.12 EPS for the current fiscal year.

Shopify Company 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.