Spotify Technology $SPOT Stock Holdings Cut by Steadview Capital Management LLC

Steadview Capital Management LLC reduced its holdings in Spotify Technology (NYSE:SPOT) by 5.7% during the 2nd quarter, Holdings Channel reports. The firm owned 58,550 shares of the company’s stock after selling 3,550 shares during the quarter. Spotify Technology makes up about 6.5% of Steadview Capital Management LLC’s holdings, making the stock its 6th largest holding. Steadview Capital Management LLC’s holdings in Spotify Technology were worth $44,928,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after acquiring an additional 1,601,653 shares during the period. Nuveen LLC purchased a new position in Spotify Technology during the first quarter valued at $383,139,000. Axiom Investors LLC DE grew its position in shares of Spotify Technology by 216.8% in the first quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock valued at $395,847,000 after purchasing an additional 492,504 shares during the period. Bessemer Group Inc. increased its stake in shares of Spotify Technology by 215.3% during the second quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock worth $387,758,000 after purchasing an additional 345,048 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Spotify Technology by 39.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock worth $648,434,000 after purchasing an additional 336,162 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Stock Down 0.5%

Shares of NYSE:SPOT opened at $637.37 on Wednesday. Spotify Technology has a 52-week low of $443.21 and a 52-week high of $785.00. The stock has a market cap of $131.23 billion, a P/E ratio of 100.22, a PEG ratio of 2.12 and a beta of 1.67. The business has a fifty day moving average of $676.02 and a two-hundred day moving average of $685.04.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The firm had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPOT. BNP Paribas Exane initiated coverage on Spotify Technology in a report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 price objective on the stock. KeyCorp decreased their target price on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday, November 10th. BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Citigroup upped their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and an average target price of $758.86.

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.