Canada Pension Plan Investment Board Boosts Stake in Spotify Technology $SPOT

Key Points

• The Canada Pension Plan Investment Board has increased its stake in Spotify Technology by 50.5%, now owning 0.17% of the company, valued at $192.7 million.
• Analysts have set a consensus target price of $720.07 for Spotify, with 20 analysts rating it as a Buy and 10 as a Hold.
• Spotify reported a quarterly revenue of $4.94 billion, exceeding expectations, but missed earnings per share estimates by ($2.42).

Canada Pension Plan Investment Board increased its position in Spotify Technology (NYSE:SPOT - Free Report) by 50.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 350,323 shares of the company's stock after purchasing an additional 117,551 shares during the period. Canada Pension Plan Investment Board owned 0.17% of Spotify Technology worth $192,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPOT. The Manufacturers Life Insurance Company purchased a new stake in shares of Spotify Technology in the 4th quarter valued at about $17,151,000. Freestone Grove Partners LP purchased a new stake in shares of Spotify Technology in the 4th quarter valued at about $10,021,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Spotify Technology during the 4th quarter valued at approximately $58,169,000. AlTi Global Inc. raised its stake in Spotify Technology by 28.5% during the 4th quarter. AlTi Global Inc. now owns 1,798 shares of the company's stock valued at $804,000 after acquiring an additional 399 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its stake in Spotify Technology by 29.7% during the 4th quarter. Benjamin Edwards Inc. now owns 5,672 shares of the company's stock valued at $2,538,000 after acquiring an additional 1,298 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPOT has been the subject of several analyst reports. Guggenheim upped their price objective on Spotify Technology from $800.00 to $850.00 and gave the company a "buy" rating in a research note on Monday, August 18th. DZ Bank raised Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective for the company in a research note on Wednesday, July 30th. KeyCorp reduced their price objective on Spotify Technology from $860.00 to $830.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Phillip Securities raised Spotify Technology from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 4th. Finally, Sanford C. Bernstein upped their price objective on Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, Spotify Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $720.07.

Spotify Technology Trading Down 0.7%

Shares of SPOT stock opened at $683.19 on Friday. The company has a market cap of $139.85 billion, a price-to-earnings ratio of 165.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.69. The stock has a 50 day simple moving average of $701.49 and a 200-day simple moving average of $643.75. Spotify Technology has a 12-month low of $319.07 and a 12-month high of $785.00.

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

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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