Advisors Asset Management Inc. Buys 1,319 Shares of Spotify Technology $SPOT

Key Points

• Advisors Asset Management Inc. increased its stake in Spotify Technology by 55.5%, acquiring an additional 1,319 shares, bringing its total holdings to 3,694 shares valued at approximately $2,032,000.
• Several institutional investors have also escalated their investments in Spotify during the fourth quarter, contributing to an ownership of 84.09% by hedge funds and other institutional investors.
• Despite a missed earnings estimate of ($0.42) per share, Spotify's revenue rose to $4.94 billion, exceeding expectations by $650 million.

Advisors Asset Management Inc. increased its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 55.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,694 shares of the company's stock after buying an additional 1,319 shares during the period. Advisors Asset Management Inc.'s holdings in Spotify Technology were worth $2,032,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SPOT. Fiduciary Trust Co purchased a new stake in Spotify Technology during the fourth quarter valued at about $230,000. Ensign Peak Advisors Inc raised its position in Spotify Technology by 136.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 22,021 shares of the company's stock valued at $9,852,000 after purchasing an additional 12,720 shares in the last quarter. Focus Partners Wealth raised its position in Spotify Technology by 310.6% during the fourth quarter. Focus Partners Wealth now owns 7,543 shares of the company's stock valued at $3,375,000 after purchasing an additional 5,706 shares in the last quarter. Gotham Asset Management LLC raised its position in Spotify Technology by 15.5% during the fourth quarter. Gotham Asset Management LLC now owns 27,708 shares of the company's stock valued at $12,396,000 after purchasing an additional 3,715 shares in the last quarter. Finally, Hudson Way Capital Management LLC raised its position in Spotify Technology by 1.1% during the fourth quarter. Hudson Way Capital Management LLC now owns 64,795 shares of the company's stock valued at $28,988,000 after purchasing an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Trading Up 0.2%

Spotify Technology stock traded up $1.61 during trading hours on Tuesday, hitting $719.89. 944,640 shares of the stock traded hands, compared to its average volume of 1,296,593. The firm's 50-day moving average price is $694.75 and its two-hundred day moving average price is $647.11. The company has a market cap of $147.37 billion, a PE ratio of 174.73, a PEG ratio of 3.09 and a beta of 1.71. Spotify Technology has a one year low of $324.16 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The business's revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPOT. Barclays cut their price objective on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Guggenheim reaffirmed a "buy" rating and issued a $850.00 price objective on shares of Spotify Technology in a research note on Wednesday, September 3rd. Morgan Stanley cut their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Phillip Securities raised Spotify Technology from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 4th. Finally, Cantor Fitzgerald raised their price objective on Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $721.07.

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.