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Fund Update: STRS OHIO opened a $17.2M position in $SHOP stock

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STRS OHIO has opened a new $17.2M position in $SHOP, per a new SEC 13F filing. This disclosure reflects the funds' holdings for the 12-31-2024 report period. You can see the fund's full portfolio on Quiver Quantitative, and also track the largest institutional owners of $SHOP.

$SHOP Hedge Fund Activity

We have seen 672 institutional investors add shares of $SHOP stock to their portfolio, and 739 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • EDGEWOOD MANAGEMENT LLC added 8,646,159 shares (+inf%) to their portfolio in Q1 2025, for an estimated $825,535,261
  • PRICE T ROWE ASSOCIATES INC /MD/ removed 7,892,382 shares (-18.8%) from their portfolio in Q1 2025, for an estimated $753,564,633
  • FMR LLC added 5,507,642 shares (+12.6%) to their portfolio in Q1 2025, for an estimated $525,869,658
  • JPMORGAN CHASE & CO added 4,597,678 shares (+19.6%) to their portfolio in Q1 2025, for an estimated $438,986,295
  • GOLDMAN SACHS GROUP INC added 4,550,721 shares (+128.0%) to their portfolio in Q1 2025, for an estimated $434,502,841
  • JENNISON ASSOCIATES LLC added 4,036,326 shares (+324.3%) to their portfolio in Q1 2025, for an estimated $385,388,406
  • BAILLIE GIFFORD & CO removed 3,898,764 shares (-6.5%) from their portfolio in Q1 2025, for an estimated $372,253,986

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$SHOP Analyst Ratings

Wall Street analysts have issued reports on $SHOP in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

  • BMO Capital issued a "Outperform" rating on 05/06/2025
  • KeyBanc issued a "Overweight" rating on 04/23/2025
  • Wedbush issued a "Outperform" rating on 04/15/2025
  • Deutsche Bank issued a "Buy" rating on 01/29/2025
  • Morgan Stanley issued a "Overweight" rating on 12/03/2024
  • Oppenheimer issued a "Outperform" rating on 12/02/2024

To track analyst ratings and price targets for $SHOP, check out Quiver Quantitative's $SHOP forecast page.

$SHOP Price Targets

Multiple analysts have issued price targets for $SHOP recently. We have seen 7 analysts offer price targets for $SHOP in the last 6 months, with a median target of $110.0.

Here are some recent targets:

  • Terry Tillman from Truist Financial set a target price of $100.0 on 05/06/2025
  • Thanos Moschopoulos from BMO Capital set a target price of $120.0 on 05/06/2025
  • Samad Samana from Jefferies set a target price of $110.0 on 05/05/2025
  • Justin Patterson from KeyBanc set a target price of $105.0 on 04/23/2025
  • Scott Devitt from Wedbush set a target price of $110.0 on 04/15/2025
  • Dan Salmon from New Street set a target price of $115.0 on 01/10/2025
  • Bhavin Shah from Deutsche Bank set a target price of $125.0 on 12/02/2024

Note that there may be inaccuracies in these estimates due to filing errors by the funds, parsing errors by us, or other anomalies.

Check out Quiver Quantitative's $SHOP ticker page for more data.

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