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

Key Points

• WINTON GROUP Ltd cut its Shopify position by 39.8% in the second quarter, selling 52,641 shares and retaining 79,492 shares valued at approximately $9.1 million. Institutional investors collectively own 69.27% of Shopify.
• Shopify reported quarterly revenue of $3.58 billion, up 33.7% year over year, and EPS of $0.42, exceeding analysts’ $0.40 estimate. The stock opened at $126.79, with a 52-week range of $94.00 to $182.19.
• Analysts maintain a generally favorable view, with a consensus “Moderate Buy” rating and an average price target of $171.65. Shopify is also pursuing growth through its Tailwind Labs acquisition, AI initiatives, and payment technology, though recent sector-specific selling and an outage pose near-term concerns.

WINTON GROUP Ltd reduced its position in Shopify Inc. (NASDAQ:SHOP - Free Report) TSE: SHOP by 39.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,492 shares of the software maker's stock after selling 52,641 shares during the quarter. WINTON GROUP Ltd's holdings in Shopify were worth $9,076,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Shopify by 13.9% during the second quarter. Smartleaf Asset Management LLC now owns 631 shares of the software maker's stock valued at $72,000 after acquiring an additional 77 shares during the last quarter. Tsfg LLC boosted its stake in shares of Shopify by 4.0% in the 2nd quarter. Tsfg LLC now owns 2,028 shares of the software maker's stock valued at $232,000 after purchasing an additional 78 shares in the last quarter. Parr Mcknight Wealth Management Group LLC grew its holdings in shares of Shopify by 3.1% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 2,762 shares of the software maker's stock valued at $328,000 after purchasing an additional 84 shares during the last quarter. Founders Financial Alliance LLC raised its position in Shopify by 5.2% in the 4th quarter. Founders Financial Alliance LLC now owns 1,768 shares of the software maker's stock worth $285,000 after purchasing an additional 87 shares during the period. Finally, Caerus Investment Advisors LLC raised its position in Shopify by 5.6% in the 1st quarter. Caerus Investment Advisors LLC now owns 1,688 shares of the software maker's stock worth $200,000 after purchasing an additional 90 shares during the period. 69.27% of the stock is currently owned by institutional investors.

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 Price Performance

Shares of SHOP stock opened at $126.79 on Thursday. 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 fifty-two week low of $94.00 and a fifty-two week high of $182.19. The firm has a market cap of $163.13 billion, a P/E ratio of 85.67, a P/E/G ratio of 2.73 and a beta of 2.61. The business's 50 day moving average price is $135.32 and its 200-day moving average price is $123.09.

Shopify (NASDAQ:SHOP - Get Free Report) TSE: SHOP last announced its earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The company had revenue of $3.58 billion during the quarter. During the same quarter in the prior year, the company earned $0.69 EPS. Shopify's revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts anticipate that Shopify Inc. will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SHOP shares. Citigroup reaffirmed an "outperform" rating on shares of Shopify in a research note on Thursday, August 6th. Rothschild & Co Redburn set a $130.00 price target on Shopify and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Bank of America assumed coverage on Shopify in a research report on Tuesday, July 7th. They issued a "buy" rating and a $150.00 price objective for the company. Cantor Fitzgerald raised their target price on shares of Shopify from $127.00 to $145.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Shopify from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.65.

About Shopify

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.

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