Element Squared LLC Has $2.19 Million Stock Holdings in Shopify Inc. $SHOP

Posted by George Bondi on Jul 1st, 2026

Element Squared LLC boosted its position in Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 166.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,444 shares of the software maker’s stock after acquiring an additional 11,513 shares during the period. Shopify accounts for 1.2% of Element Squared LLC’s portfolio, making the stock its 25th largest position. Element Squared LLC’s holdings in Shopify were worth $2,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. acquired a new position in Shopify during the 4th quarter valued at about $26,000. Curio Wealth LLC bought a new position in shares of Shopify in the 4th quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Shopify during the 4th quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Shopify during the 4th quarter worth approximately $31,000. Finally, Sound Income Strategies LLC grew its position in shares of Shopify by 82.4% during the 4th quarter. Sound Income Strategies LLC now owns 197 shares of the software maker’s stock worth $31,000 after buying an additional 89 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Price Performance

Shopify stock opened at $114.18 on Wednesday. The firm has a market capitalization of $148.17 billion, a price-to-earnings ratio of 113.05, a PEG ratio of 3.14 and a beta of 2.60. The company’s 50 day simple moving average is $112.08 and its 200 day simple moving average is $127.41. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP – Get Free Report) (TSE:SHOP) last issued its earnings results on Tuesday, May 5th. The software maker reported $999.00 EPS for the quarter, beating the consensus estimate of $0.22 by $998.78. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. Shopify had a net margin of 10.77% and a return on equity of 12.07%. As a group, analysts predict that Shopify Inc. will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SHOP. Needham & Company LLC restated a “buy” rating and issued a $180.00 price objective on shares of Shopify in a report on Tuesday, May 5th. National Bank Financial dropped their target price on shares of Shopify from $200.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target on shares of Shopify in a research note on Wednesday, May 6th. Canaccord Genuity Group cut their price target on Shopify from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their price target on Shopify from $166.00 to $144.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.17.

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About Shopify

(Free Report)

Shopify is a Canadian commerce technology company that provides a cloud-based platform for businesses to create, manage and scale online and physical retail stores. Its core offering is a software-as-a-service e-commerce platform that enables merchants to build customizable storefronts, manage product catalogs, process orders, and handle inventory. Shopify also supports omnichannel selling through integrated point-of-sale (POS) systems for in-person transactions.

Beyond storefront software, Shopify offers a range of merchant services and tools designed to simplify commerce operations.