Compagnie Lombard Odier SCmA Cuts Position in Spotify Technology $SPOT

Key Points

• Compagnie Lombard Odier SCmA reduced its stake in Spotify Technology by 15.3%, selling 11,441 shares to hold a total of 63,241 shares valued at approximately $48.5 million as of the latest reporting period.
• Despite missing earnings expectations with a loss of $0.42 per share, Spotify reported revenue of $4.94 billion, exceeding analysts' forecasts of $4.29 billion.
• Spotify's stock has a current trading price of $737.28 with a market cap of $150.93 billion, while analysts maintain a consensus rating of "Moderate Buy" with an average target price of $726.84.

Compagnie Lombard Odier SCmA trimmed its position in Spotify Technology (NYSE:SPOT - Free Report) by 15.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,241 shares of the company's stock after selling 11,441 shares during the period. Compagnie Lombard Odier SCmA's holdings in Spotify Technology were worth $48,527,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sapient Capital LLC acquired a new stake in Spotify Technology in the 2nd quarter worth about $322,000. Harbor Investment Advisory LLC boosted its holdings in Spotify Technology by 36.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company's stock worth $1,576,000 after buying an additional 544 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company's stock worth $1,486,000 after buying an additional 769 shares during the last quarter. Swedbank AB boosted its holdings in Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company's stock worth $527,802,000 after buying an additional 13,458 shares during the last quarter. Finally, Little House Capital LLC acquired a new stake in Spotify Technology in the 2nd quarter worth about $1,057,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Trading Up 0.3%

Spotify Technology stock opened at $737.28 on Tuesday. Spotify Technology has a twelve month low of $362.31 and a twelve month high of $785.00. The stock's fifty day simple moving average is $693.62 and its 200-day simple moving average is $655.70. The firm has a market capitalization of $150.93 billion, a P/E ratio of 178.95, a P/E/G ratio of 3.16 and a beta of 1.71.

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 for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the company posted $1.33 EPS. The firm's revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Cantor Fitzgerald boosted their target price on Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. DZ Bank upgraded Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 target price on the stock in a report on Wednesday, July 30th. Evercore ISI boosted their target price on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a report on Monday, June 16th. Finally, Wells Fargo & Company boosted their target price on Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology has a consensus rating of "Moderate Buy" and an average target price of $726.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.