Capstone Triton Financial Group LLC Has $1.25 Million Stake in Shopify Inc. (NYSE:SHOP)

Capstone Triton Financial Group LLC reduced its position in shares of Shopify Inc. (NYSE:SHOP) (TSE:SHOP) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,969 shares of the software maker’s stock after selling 3,001 shares during the period. Capstone Triton Financial Group LLC’s holdings in Shopify were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. DSM Capital Partners LLC bought a new position in shares of Shopify during the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in Shopify during the 4th quarter worth $28,000. Cultivar Capital Inc. acquired a new position in Shopify in the 2nd quarter valued at $33,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Shopify during the 2nd quarter valued at $33,000. Finally, OLD Point Trust & Financial Services N A acquired a new stake in shares of Shopify during the 4th quarter worth $39,000. 69.27% of the stock is currently owned by institutional investors.

Shopify Trading Up 0.0 %

NYSE SHOP opened at $78.71 on Friday. Shopify Inc. has a one year low of $45.50 and a one year high of $91.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.32 and a quick ratio of 7.32. The business has a 50 day simple moving average of $68.41 and a 200 day simple moving average of $68.41. The stock has a market capitalization of $101.43 billion, a P/E ratio of -463.00, a P/E/G ratio of 2.47 and a beta of 2.35.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. Shopify had a net margin of 16.40% and a return on equity of 10.88%. Shopify’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) EPS. Research analysts expect that Shopify Inc. will post 0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SHOP shares. JPMorgan Chase & Co. boosted their price target on Shopify from $74.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Evercore ISI upped their price target on shares of Shopify from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $85.00 price target on shares of Shopify in a research report on Thursday, August 8th. Roth Mkm boosted their price objective on shares of Shopify from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Evercore raised their target price on Shopify from $75.00 to $80.00 in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Shopify has a consensus rating of “Moderate Buy” and a consensus price target of $77.92.

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.