Shopify Inc. $SHOP Stock Holdings Boosted by Strs Ohio

Posted by Francis Steltz on Jul 3rd, 2026

Strs Ohio raised its position in shares of Shopify Inc. (NASDAQ:SHOP – Free Report) (TSE:SHOP) by 12.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 600,518 shares of the software maker’s stock after purchasing an additional 67,219 shares during the period. Strs Ohio’s holdings in Shopify were worth $71,190,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SHOP shares. Wells Fargo & Company lowered their price target on Shopify from $166.00 to $144.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $140.00 price objective (down from $150.00) on shares of Shopify in a report on Tuesday, May 5th. Citigroup reiterated a “market outperform” rating on shares of Shopify in a research report on Thursday, June 18th. BMO Capital Markets lowered their target price on shares of Shopify from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group dropped their price target on shares of Shopify from $165.00 to $145.00 and set a “buy” 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 given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.17.

Get Our Latest Analysis on Shopify

Shopify Stock Down 1.8%

Shares of SHOP stock opened at $119.46 on Friday. The stock has a 50-day simple moving average of $111.58 and a 200 day simple moving average of $126.79. The stock has a market capitalization of $155.02 billion, a P/E ratio of 118.28, a P/E/G ratio of 3.34 and a beta of 2.58. Shopify Inc. has a fifty-two week low of $94.00 and a fifty-two week high of $182.19.

Shopify Profile

(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.