Dimensional Fund Advisors LP Raises Position in Spotify Technology $SPOT

Key Points

• Dimensional Fund Advisors LP increased its stake in Spotify Technology by 10.5%, owning 225,260 shares worth approximately $123.9 million as of the end of the 1st quarter.
• Several institutional investors, including Cornerstone Planning Group LLC and North Star Investment Management Corp., have significantly boosted their holdings in Spotify Technology during the same period.
• Spotify recently reported a quarterly revenue of $4.94 billion, exceeding analysts' expectations, but experienced a loss of ($0.42) EPS, missing consensus estimates by $2.42.

Dimensional Fund Advisors LP lifted its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,260 shares of the company's stock after purchasing an additional 21,494 shares during the period. Dimensional Fund Advisors LP owned 0.11% of Spotify Technology worth $123,908,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its holdings in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after buying an additional 41 shares during the period. Tsfg LLC bought a new position in Spotify Technology in the 1st quarter worth approximately $28,000. North Star Investment Management Corp. boosted its holdings in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after buying an additional 19 shares during the period. Mpwm Advisory Solutions LLC bought a new position in Spotify Technology in the 4th quarter worth approximately $26,000. Finally, Copia Wealth Management bought a new position in Spotify Technology in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Performance

NYSE SPOT opened at $690.5170 on Friday. Spotify Technology has a 52-week low of $319.07 and a 52-week high of $785.00. The company has a market capitalization of $141.36 billion, a P/E ratio of 167.60, a P/E/G ratio of 3.03 and a beta of 1.69. The company has a fifty day moving average of $704.08 and a 200-day moving average of $641.06.

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 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 the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The business's revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SPOT. Canaccord Genuity Group raised their price objective on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Bank of America raised their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Morgan Stanley cut their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Evercore ISI raised their price target on shares of Spotify Technology from $650.00 to $750.00 and gave the company an "outperform" rating in a report on Monday, June 16th. Finally, Barclays cut their price target on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $720.07.

Spotify Technology Company 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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