Exane Asset Management Purchases 2,300 Shares of Spotify Technology $SPOT

Key Points

• Exane Asset Management increased its stake in Spotify Technology by 27.5% during the second quarter, owning a total of 10,656 shares valued at approximately $8,177,000.
• Spotify's recent quarterly earnings showed a revenue of $4.94 billion, exceeding analyst expectations, but recorded a loss of $0.42 EPS, which fell short of the anticipated $2.00 EPS.
• As of now, institutional investors own 84.09% of Spotify's stock, indicating strong confidence in the company's potential among large financial players.

Exane Asset Management boosted its position in Spotify Technology (NYSE:SPOT - Free Report) by 27.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,656 shares of the company's stock after purchasing an additional 2,300 shares during the period. Spotify Technology comprises approximately 3.4% of Exane Asset Management's holdings, making the stock its 10th largest position. Exane Asset Management's holdings in Spotify Technology were worth $8,177,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPOT. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Spotify Technology by 16.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 670 shares of the company's stock valued at $369,000 after buying an additional 96 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Spotify Technology by 14.9% in the first quarter. Parallel Advisors LLC now owns 2,852 shares of the company's stock valued at $1,568,000 after acquiring an additional 369 shares during the period. Rhumbline Advisers boosted its position in shares of Spotify Technology by 3.3% during the 1st quarter. Rhumbline Advisers now owns 195,859 shares of the company's stock worth $107,728,000 after purchasing an additional 6,249 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Spotify Technology by 6.8% during the 1st quarter. 180 Wealth Advisors LLC now owns 664 shares of the company's stock worth $365,000 after purchasing an additional 42 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Spotify Technology in the 1st quarter valued at about $384,000. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Stock Up 0.5%

NYSE SPOT opened at $715.87 on Monday. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00. The business has a fifty day moving average of $694.06 and a 200-day moving average of $661.18. The stock has a market cap of $146.55 billion, a price-to-earnings ratio of 173.76, a price-to-earnings-growth ratio of 3.08 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) EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). The company 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 company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. 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 year.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPOT. KeyCorp decreased their price objective 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. Bank of America upped their price target on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Rosenblatt Securities reduced their price objective on Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. BNP Paribas raised Spotify Technology to a "strong-buy" rating in a report on Tuesday, September 16th. Finally, Morgan Stanley dropped their price target on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $726.84.

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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