Alecta Tjanstepension Omsesidigt Sells 151,400 Shares of Spotify Technology $SPOT

Key Points

• Alecta Tjanstepension Omsesidigt reduced its stake in Spotify Technology by 19.6%, selling 151,400 shares and now owning 621,000 shares, representing 2.2% of its portfolio.
• Spotify's recent earnings report showed a significant loss of ($0.42) per share, missing analysts' expectations, despite revenue rising 10.1% year-over-year to $4.94 billion.
• Analysts have mixed ratings on Spotify, with one Strong Buy, twenty-one Buy ratings, and a consensus target price of $726.84, reflecting optimism amidst the challenges faced.

Alecta Tjanstepension Omsesidigt lessened its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 19.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 621,000 shares of the company's stock after selling 151,400 shares during the quarter. Spotify Technology makes up 2.2% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 13th biggest position. Alecta Tjanstepension Omsesidigt owned 0.30% of Spotify Technology worth $476,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPOT. Tidal Investments LLC raised its holdings in shares of Spotify Technology by 14.8% during the fourth quarter. Tidal Investments LLC now owns 4,603 shares of the company's stock valued at $2,059,000 after acquiring an additional 595 shares in the last quarter. Vident Advisory LLC grew its stake in Spotify Technology by 2.4% in the fourth quarter. Vident Advisory LLC now owns 5,354 shares of the company's stock worth $2,395,000 after purchasing an additional 124 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Spotify Technology by 311.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,745 shares of the company's stock worth $377,027,000 after purchasing an additional 638,047 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in Spotify Technology in the fourth quarter worth $26,000. Finally, Connective Capital Management LLC purchased a new stake in Spotify Technology in the fourth quarter worth $1,199,000. Institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Performance

SPOT stock opened at $706.98 on Thursday. Spotify Technology has a fifty-two week low of $340.37 and a fifty-two week high of $785.00. The business's 50-day moving average is $692.20 and its two-hundred day moving average is $651.03. The company has a market cap of $144.73 billion, a price-to-earnings ratio of 171.60, a P/E/G ratio of 3.03 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its 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 firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company posted $1.33 EPS. The firm's revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald upped their price target on Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. KeyCorp reduced their price target on Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Pivotal Research increased their target price on Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Morgan Stanley cut their target price on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, DZ Bank raised Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 target price on the stock in a research note on Wednesday, July 30th. 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $726.84.

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.

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