Spotify Technology $SPOT Shares Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. grew its position in Spotify Technology (NYSE:SPOT) by 9.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 480 shares of the company’s stock after acquiring an additional 40 shares during the period. Sava Infond d.o.o.’s holdings in Spotify Technology were worth $368,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Jennison Associates LLC raised its position in shares of Spotify Technology by 42.3% in the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after acquiring an additional 1,262,614 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Spotify Technology by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock worth $1,939,949,000 after acquiring an additional 112,553 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Spotify Technology by 1,151.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock worth $957,494,000 after acquiring an additional 1,601,653 shares during the period. Northern Trust Corp raised its position in shares of Spotify Technology by 10.3% in the first quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock worth $866,012,000 after acquiring an additional 147,580 shares during the period. Finally, Forsta AP Fonden raised its position in shares of Spotify Technology by 12.6% in the first quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock worth $857,855,000 after acquiring an additional 174,700 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analysts Set New Price Targets

SPOT has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, June 16th. Wells Fargo & Company upped their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Spotify Technology in a research note on Saturday, September 27th. Oppenheimer boosted their target price on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Finally, Citigroup boosted their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Stock Down 3.7%

SPOT stock opened at $681.46 on Friday. The stock has a market capitalization of $139.50 billion, a P/E ratio of 165.40, a P/E/G ratio of 3.35 and a beta of 1.67. Spotify Technology has a 52 week low of $362.31 and a 52 week high of $785.00. The firm has a 50-day simple moving average of $695.85 and a 200-day simple moving average of $664.29.

Spotify Technology (NYSE:SPOT) last posted 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). The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Spotify Technology Company 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.