AQR Capital Management LLC Sells 71,039 Shares of Spotify Technology $SPOT

Key Points

• AQR Capital Management LLC reduced its stake in Spotify Technology by 19.0%, selling 71,039 shares during the first quarter.
• Spotify reported a net loss of $0.42 EPS for the quarter, missing analysts' consensus estimates of $2.00, despite generating revenue of $4.94 billion.
• Several analysts have issued a "buy" rating for Spotify, with price targets ranging from $640.00 to $900.00, indicating a consensus target price of $720.07.

AQR Capital Management LLC lowered its position in Spotify Technology (NYSE:SPOT - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 303,657 shares of the company's stock after selling 71,039 shares during the quarter. AQR Capital Management LLC owned approximately 0.15% of Spotify Technology worth $162,996,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPOT. Cornerstone Planning Group LLC boosted its position 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 in the last quarter. Tsfg LLC purchased a new position in shares of Spotify Technology in the 1st quarter valued at $28,000. North Star Investment Management Corp. increased its holdings in shares of Spotify Technology by 52.8% in 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 period. Mpwm Advisory Solutions LLC purchased a new position in shares of Spotify Technology in the 4th quarter valued at $26,000. Finally, Truvestments Capital LLC purchased a new position in shares of Spotify Technology in the 1st quarter valued at $34,000. Institutional investors own 84.09% of the company's stock.

Spotify Technology Trading Up 1.1%

NYSE:SPOT opened at $697.04 on Thursday. Spotify Technology has a 12 month low of $319.07 and a 12 month high of $785.00. The stock has a 50 day moving average of $698.53 and a two-hundred day moving average of $644.75. The firm has a market cap of $142.69 billion, a P/E ratio of 169.18, a price-to-earnings-growth ratio of 2.93 and a beta of 1.71.

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). The company had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPOT has been the topic of a number of analyst reports. Guggenheim reiterated a "buy" rating and issued a $850.00 price target on shares of Spotify Technology in a report on Wednesday. Cantor Fitzgerald lifted their price target on Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Evercore ISI lifted their price target on Spotify Technology from $650.00 to $750.00 and gave the company an "outperform" rating in a report on Monday, June 16th. Canaccord Genuity Group lifted their price target on Spotify Technology from $775.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Pivotal Research raised their price objective on Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Twenty investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $720.07.

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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