Callan Family Office LLC Buys 5,585 Shares of Spotify Technology $SPOT

Key Points

• Callan Family Office LLC increased its stake in Spotify Technology by 226.6%, acquiring an additional 5,585 shares and raising its total holdings to 8,050 shares valued at approximately $6.18 million.
• Goldman Sachs boosted its stake in Spotify Technology by an impressive 1,151.0%, bringing its total shares to over 1.74 million with a market value of nearly $957 million.
• Spotify's recent quarterly earnings revealed a loss of $0.42 per share, significantly missing analysts' consensus estimate of $2.00, though the company's revenue grew 10.1% year-over-year to $4.94 billion.

Callan Family Office LLC lifted its stake in Spotify Technology (NYSE:SPOT - Free Report) by 226.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,050 shares of the company's stock after purchasing an additional 5,585 shares during the period. Callan Family Office LLC's holdings in Spotify Technology were worth $6,177,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in Spotify Technology by 1,151.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock worth $957,494,000 after acquiring an additional 1,601,653 shares during the period. Jennison Associates LLC lifted its position in shares of Spotify Technology by 42.3% during the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock valued at $2,336,494,000 after buying an additional 1,262,614 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Spotify Technology during the first quarter valued at about $383,139,000. Axiom Investors LLC DE lifted its position in shares of Spotify Technology by 216.8% during the first quarter. Axiom Investors LLC DE now owns 719,682 shares of the company's stock valued at $395,847,000 after buying an additional 492,504 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Spotify Technology by 39.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company's stock valued at $648,434,000 after buying an additional 336,162 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Stock Up 1.8%

SPOT opened at $685.66 on Friday. Spotify Technology has a 52-week low of $364.26 and a 52-week high of $785.00. The company has a market cap of $140.36 billion, a P/E ratio of 166.42, a price-to-earnings-growth ratio of 3.19 and a beta of 1.67. The firm's 50-day moving average price is $699.20 and its 200-day moving average price is $667.01.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted 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 net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the company 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. On average, research analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPOT has been the subject of several analyst reports. Sanford C. Bernstein increased their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Canaccord Genuity Group increased their price target on shares of Spotify Technology from $775.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Pivotal Research increased their price target on shares of Spotify Technology from $800.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Cantor Fitzgerald increased their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Finally, BNP Paribas Exane initiated coverage on shares of Spotify Technology in a research report on Tuesday, September 16th. They set an "outperform" rating and a $900.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Spotify Technology currently 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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