Spotify Technology $SPOT Shares Bought by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Spotify Technology by 21.6%, now owning approximately 158,090 shares valued at $86,954,000.
• Several institutional investors, including Goldman Sachs and Jennison Associates, significantly augmented their stakes in Spotify, reflecting heightened interest and confidence in the company.
• Spotify's stock has received multiple analyst upgrades, with Bank of America raising its price target from $700 to $900, indicating strong potential for growth.

Caisse DE Depot ET Placement DU Quebec increased its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 21.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,090 shares of the company's stock after buying an additional 28,069 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of Spotify Technology worth $86,954,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Spotify Technology in the 4th quarter worth about $26,000. Tsfg LLC purchased a new stake in shares of Spotify Technology in the 1st quarter worth about $28,000. Copia Wealth Management acquired a new position in Spotify Technology in the 4th quarter valued at about $29,000. Cornerstone Planning Group LLC raised its stake in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in 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 purchasing an additional 19 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology Trading Down 0.7%

SPOT traded down $4.62 during trading on Friday, hitting $683.19. 1,004,079 shares of the company's stock were exchanged, compared to its average volume of 2,266,811. Spotify Technology has a 1 year low of $319.07 and a 1 year high of $785.00. The stock has a 50 day moving average price of $701.98 and a 200 day moving average price of $643.34. The firm has a market cap of $139.85 billion, a P/E ratio of 165.82, a price-to-earnings-growth ratio of 2.98 and a beta of 1.69.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Spotify Technology's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SPOT shares. Sanford C. Bernstein boosted their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Cantor Fitzgerald boosted their target price on shares of Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. JPMorgan Chase & Co. boosted their target price on shares of Spotify Technology from $730.00 to $780.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Rosenblatt Securities cut their target price on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Twenty research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $720.07.

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.