Spotify Technology $SPOT is Abacus FCF Advisors LLC's 2nd Largest Position

Key Points

• Abacus FCF Advisors LLC has reduced its stake in Spotify Technology by 2.7%, now holding 30,203 shares, making Spotify its second largest position in the portfolio.
• Various analysts have made adjustments to their price targets for Spotify's stock, with Bank of America increasing its target from $700.00 to $900.00 while maintaining a "buy" rating.
• Spotify reported a revenue of $4.94 billion for the last quarter, exceeding estimates, but posted an earnings per share of ($0.42), missing consensus estimates significantly.

Abacus FCF Advisors LLC decreased its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,203 shares of the company's stock after selling 825 shares during the quarter. Spotify Technology accounts for approximately 3.2% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 2nd largest holding. Abacus FCF Advisors LLC's holdings in Spotify Technology were worth $23,176,000 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. Cornerstone Planning Group LLC increased its position 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 period. Tsfg LLC purchased a new stake in shares of Spotify Technology during the 1st quarter valued at about $28,000. North Star Investment Management Corp. raised its position 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 valued at $30,000 after buying an additional 19 shares during the last quarter. Truvestments Capital LLC purchased a new position in Spotify Technology during the first quarter worth $34,000. Finally, Copia Wealth Management purchased a new stake in shares of Spotify Technology during the fourth quarter worth about $29,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Shares of Spotify Technology stock traded up $1.07 during trading hours on Friday, hitting $735.19. The company had a trading volume of 1,545,785 shares, compared to its average volume of 1,264,950. The company's 50-day moving average is $693.21 and its two-hundred day moving average is $654.26. Spotify Technology has a twelve month low of $362.00 and a twelve month high of $785.00. The company has a market cap of $150.50 billion, a P/E ratio of 178.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued 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 business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $1.33 earnings per share. Spotify Technology's revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America lifted their target price on Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. DZ Bank upgraded shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 target price for the company in a research note on Wednesday, July 30th. Phillip Securities upgraded shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 4th. Canaccord Genuity Group upped their target price on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Oppenheimer lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $726.84.

About Spotify Technology

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.