AMF Tjanstepension AB Sells 101,106 Shares of Spotify Technology $SPOT

Key Points

• AMF Tjanstepension AB has reduced its stake in Spotify Technology by 9.2%, selling 101,106 shares, and now holds 998,894 shares, which constitutes 5.1% of its portfolio.
• Spotify reported a quarterly loss of ($0.42) earnings per share, significantly missing analysts' estimates, while its revenue grew 10.1% year-over-year to $4.94 billion.
• Analyst ratings show a consensus of Moderate Buy for Spotify stock, with an average target price of $731.16, despite recent cuts from firms like Morgan Stanley and UBS.

AMF Tjanstepension AB reduced its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 9.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 998,894 shares of the company's stock after selling 101,106 shares during the period. Spotify Technology comprises 5.1% of AMF Tjanstepension AB's portfolio, making the stock its 3rd largest position. AMF Tjanstepension AB owned 0.49% of Spotify Technology worth $766,491,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Tsfg LLC acquired a new position in shares of Spotify Technology during the first quarter worth $28,000. Cornerstone Planning Group LLC boosted its stake in Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Spotify Technology by 52.8% during the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock worth $31,000 after acquiring an additional 25 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Spotify Technology in the 1st quarter worth about $34,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Stock Performance

Spotify Technology stock opened at $681.46 on Friday. The firm's 50-day moving average is $695.85 and its 200-day moving average is $664.29. Spotify Technology has a 1 year low of $362.31 and a 1 year high of $785.00. The company has a market cap of $139.50 billion, a P/E ratio of 165.40, a PEG ratio of 3.35 and a beta of 1.67.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SPOT shares. Morgan Stanley cut their target price on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock 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. Benchmark cut their target price on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. UBS Group cut their target price on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Finally, Oppenheimer upped their target price on shares of Spotify Technology from $750.00 to $825.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. One 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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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