Lecap Asset Management Ltd. Has $449,000 Holdings in Spotify Technology $SPOT

Lecap Asset Management Ltd. cut its holdings in shares of Spotify Technology (NYSE:SPOT) by 51.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 585 shares of the company’s stock after selling 631 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Spotify Technology were worth $449,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tsfg LLC acquired a new position in shares of Spotify Technology during the first quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its holdings in shares of Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after buying an additional 41 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Spotify Technology during the first quarter valued at approximately $34,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $681.46 on Friday. The business’s fifty day moving average price is $695.85 and its two-hundred day moving average price is $664.29. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00. The stock has a market capitalization of $139.50 billion, a price-to-earnings ratio of 165.40, a price-to-earnings-growth ratio of 3.35 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $1.33 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Canaccord Genuity Group upped their target price on Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Evercore ISI upped their target price on Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, June 16th. Barclays cut their target price on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Finally, Benchmark cut their target price on Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.