Anderson Financial Strategies LLC Invests $600,000 in Spotify Technology $SPOT

Key Points

• Anderson Financial Strategies LLC has invested $600,000 in Spotify Technology, acquiring 1,091 shares during the first quarter.
• Although Spotify reported earnings of ($0.42) per share, missing analyst expectations, its revenue of $4.94 billion exceeded the consensus estimate by $650 million.
• Spotify's stock has experienced significant interest, with multiple institutional investors recently increasing their positions, leading to a current institutional ownership of 84.09%.

Anderson Financial Strategies LLC purchased a new position in Spotify Technology (NYSE:SPOT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,091 shares of the company's stock, valued at approximately $600,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPOT. Hartford Investment Management Co. raised its holdings in Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company's stock worth $797,000 after purchasing an additional 16 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in Spotify Technology by 3.7% in the 1st quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company's stock worth $262,000 after purchasing an additional 17 shares in the last quarter. HM Payson & Co. raised its holdings in Spotify Technology by 39.1% in the 1st quarter. HM Payson & Co. now owns 64 shares of the company's stock worth $35,000 after purchasing an additional 18 shares in the last quarter. North Star Investment Management Corp. raised its holdings in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after purchasing an additional 19 shares in the last quarter. Finally, Adero Partners LLC raised its holdings in Spotify Technology by 0.7% in the 1st quarter. Adero Partners LLC now owns 2,635 shares of the company's stock worth $1,449,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Performance

NYSE:SPOT opened at $704.43 on Thursday. The firm has a market cap of $144.20 billion, a P/E ratio of 170.98, a P/E/G ratio of 3.09 and a beta of 1.71. Spotify Technology has a fifty-two week low of $326.00 and a fifty-two week high of $785.00. The firm has a 50-day simple moving average of $694.71 and a two-hundred day simple moving average of $647.51.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Analyst Ratings Changes

SPOT has been the subject of several research reports. Cantor Fitzgerald increased their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Morgan Stanley decreased their price target 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. The Goldman Sachs Group increased their price target on shares of Spotify Technology from $680.00 to $775.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, UBS Group decreased their price target on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus 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.

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