Fifth Third Bancorp Has $823,000 Holdings in Spotify Technology $SPOT

Key Points

• Fifth Third Bancorp significantly increased its holdings in Spotify Technology by 255%, owning 1,072 shares valued at $823,000 as of its latest SEC filing.
• Spotify Technology's stock is currently trading at approximately $715.87, with a 52-week high of $785.00 and a low of $362.31, reflecting a strong market capitalization of $146.55 billion.
• Despite a revenue rise to $4.94 billion, Spotify reported an earnings per share (EPS) loss of ($0.42) for the last quarter, missing analysts' estimates by $2.42.

Fifth Third Bancorp raised its position in Spotify Technology (NYSE:SPOT - Free Report) by 255.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,072 shares of the company's stock after buying an additional 770 shares during the period. Fifth Third Bancorp's holdings in Spotify Technology were worth $823,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its position in shares of Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Tsfg LLC acquired a new position in shares of Spotify Technology during the first quarter worth approximately $28,000. North Star Investment Management Corp. lifted its position in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after purchasing an additional 19 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Spotify Technology during the first quarter worth approximately $34,000. Finally, HM Payson & Co. lifted its position in shares of Spotify Technology by 39.1% during the first quarter. HM Payson & Co. now owns 64 shares of the company's stock worth $35,000 after purchasing an additional 18 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $715.87 on Monday. Spotify Technology has a 52 week low of $362.31 and a 52 week high of $785.00. The company has a market capitalization of $146.55 billion, a PE ratio of 173.76, a PEG ratio of 3.08 and a beta of 1.71. The company has a 50 day moving average price of $694.06 and a two-hundred day moving average price of $661.18.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued 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). 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 analyst estimates of $4.29 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The company's revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SPOT shares. Rosenblatt Securities cut their price objective on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. KeyCorp cut 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. Phillip Securities upgraded shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a report on Monday, August 4th. Bank of America increased their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, BNP Paribas Exane initiated coverage on shares of Spotify Technology in a report on Tuesday, September 16th. They issued an "outperform" rating and a $900.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, Spotify Technology currently has a consensus rating of "Moderate Buy" and an average price target of $726.84.

Spotify Technology 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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