Allianz Asset Management GmbH Boosts Holdings in Spotify Technology $SPOT

Key Points

• Allianz Asset Management GmbH increased its stake in Spotify Technology by 52.1%, acquiring an additional 104,493 shares to hold a total of 305,125 shares valued at approximately $234,135,000.
• Spotify's earnings report showed a loss of ($0.42) per share, missing analyst expectations, although revenue was up 10.1% year-over-year at $4.94 billion.
• Institutional investors now own 84.09% of Spotify Technology's stock, illustrating significant confidence from the investment community.

Allianz Asset Management GmbH raised its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 52.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,125 shares of the company's stock after acquiring an additional 104,493 shares during the period. Allianz Asset Management GmbH owned approximately 0.15% of Spotify Technology worth $234,135,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPOT. GAMMA Investing LLC raised its holdings in Spotify Technology by 38.1% in the first quarter. GAMMA Investing LLC now owns 1,305 shares of the company's stock valued at $718,000 after acquiring an additional 360 shares in the last quarter. Fifth Third Bancorp lifted its position in Spotify Technology by 30.7% in the 1st quarter. Fifth Third Bancorp now owns 302 shares of the company's stock valued at $166,000 after purchasing an additional 71 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Spotify Technology by 238.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company's stock valued at $13,993,000 after purchasing an additional 17,932 shares during the period. Janney Montgomery Scott LLC boosted its position in Spotify Technology by 11.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 38,913 shares of the company's stock worth $21,403,000 after acquiring an additional 4,137 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Spotify Technology during the first quarter valued at about $320,000. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Price Performance

Shares of Spotify Technology stock opened at $672.27 on Thursday. Spotify Technology has a fifty-two week low of $366.65 and a fifty-two week high of $785.00. The company has a market cap of $137.62 billion, a PE ratio of 163.17, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. The firm has a fifty day moving average price of $700.64 and a two-hundred day moving average price of $669.28.

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 business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm earned $1.33 EPS. 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. Analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SPOT has been the subject of a number of research analyst reports. Phillip Securities upgraded Spotify Technology from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 4th. BNP Paribas upgraded Spotify Technology to a "strong-buy" rating in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. DZ Bank upgraded shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective on the stock in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company raised their target price on Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, Spotify Technology presently has a consensus rating of "Moderate Buy" and an average target price of $731.16.

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.

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