Commerzbank Aktiengesellschaft FI Purchases New Shares in Spotify Technology $SPOT

Key Points

• Commerzbank Aktiengesellschaft FI has acquired 562 new shares of Spotify Technology, valued at approximately $432,000, as reported in their recent SEC filing.
• Major hedge funds, including Jennison Associates LLC and Goldman Sachs Group Inc., have significantly increased their positions in Spotify, reflecting growing institutional interest in the stock.
• Spotify reported a quarterly loss of ($0.42) per share, significantly missing analyst expectations, although its revenue of $4.94 billion exceeded projections with a year-over-year growth of 10.1%.

Commerzbank Aktiengesellschaft FI acquired a new position in Spotify Technology (NYSE:SPOT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 562 shares of the company's stock, valued at approximately $432,000.

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

Analysts Set New Price Targets

Several research analysts have commented on SPOT shares. The Goldman Sachs Group lowered shares of Spotify Technology from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $765.00 to $770.00 in a research note on Tuesday, September 30th. Canaccord Genuity Group lifted their price target on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. KeyCorp cut their price target on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Sanford C. Bernstein raised their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Finally, Bank of America boosted their target price on Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $731.16.

Spotify Technology Price Performance

Shares of SPOT stock opened at $685.66 on Friday. The company has a market capitalization of $140.36 billion, a P/E ratio of 166.42, a P/E/G ratio of 3.24 and a beta of 1.67. The company's 50-day simple moving average is $699.20 and its two-hundred day simple moving average is $667.63. Spotify Technology has a one year low of $364.26 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced 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 firm 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%. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts expect 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.

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