Spotify Technology $SPOT Shares Bought by Clough Capital Partners L P

Key Points

• Clough Capital Partners L P increased its stake in Spotify Technology by 194.1%, acquiring an additional 1,856 shares, bringing its total to 2,812 shares valued at approximately $1.55 million.
• Other institutional investors, including Goldman Sachs, significantly increased their positions in Spotify, with Goldman Sachs boosting its stake by 1,151%, now owning over 1.7 million shares worth nearly $957 million.
• Despite a net loss of ($0.42) per share reported for the last quarter, Spotify's revenue for the same period rose by 10.1% to reach $4.94 billion, exceeding analysts' expectations.

Clough Capital Partners L P boosted its position in Spotify Technology (NYSE:SPOT - Free Report) by 194.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,812 shares of the company's stock after acquiring an additional 1,856 shares during the quarter. Clough Capital Partners L P's holdings in Spotify Technology were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC increased its position in Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Spotify Technology by 3.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company's stock valued at $1,939,949,000 after acquiring an additional 112,553 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Spotify Technology by 1,151.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock valued at $957,494,000 after acquiring an additional 1,601,653 shares in the last quarter. Northern Trust Corp boosted its position in Spotify Technology by 10.3% during the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company's stock worth $866,012,000 after purchasing an additional 147,580 shares during the period. Finally, Forsta AP Fonden increased its holdings in Spotify Technology by 12.6% in the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company's stock valued at $857,855,000 after purchasing an additional 174,700 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPOT has been the topic of a number of recent research reports. KeyCorp reduced their price objective on Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Evercore ISI boosted their price target on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a research report on Monday, June 16th. Oppenheimer upped their price target on Spotify Technology from $750.00 to $825.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. Benchmark cut their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Finally, Morgan Stanley lowered their target price on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Spotify Technology has a consensus rating of "Moderate Buy" and an average target price of $720.07.

Spotify Technology Stock Performance

Shares of SPOT stock traded down $4.62 during trading hours on Friday, hitting $683.19. 1,004,079 shares of the company were exchanged, compared to its average volume of 1,712,580. The stock has a market capitalization of $139.85 billion, a price-to-earnings ratio of 165.82, a P/E/G ratio of 2.93 and a beta of 1.71. Spotify Technology has a one year low of $319.07 and a one year high of $785.00. The business's 50-day simple moving average is $701.49 and its two-hundred day simple moving average is $643.74.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share 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 firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

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.