Focus Partners Wealth Has $12.22 Million Stake in Spotify Technology $SPOT

Key Points

• Focus Partners Wealth significantly increased its stake in Spotify Technology by 194.5% in Q1, acquiring a total of 22,213 shares valued at approximately $12.2 million.
• A variety of hedge funds raised their positions in Spotify, with Goldman Sachs Group Inc. boosting its stake by an astonishing 1,151.0%.
• Despite reporting a loss of ($0.42) earnings per share, Spotify's revenue in the last quarter was $4.94 billion, surpassing estimates and reflecting a year-over-year growth of 10.1%.

Focus Partners Wealth grew its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 194.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 22,213 shares of the company's stock after buying an additional 14,670 shares during the period. Focus Partners Wealth's holdings in Spotify Technology were worth $12,218,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Jennison Associates LLC increased its stake in Spotify Technology by 42.3% during the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock valued at $2,336,494,000 after acquiring an additional 1,262,614 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Spotify Technology by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company's stock valued at $1,939,949,000 after purchasing an additional 112,553 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Spotify Technology by 1,151.0% in the first 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 boosted its stake in Spotify Technology by 10.3% during the first quarter. Northern Trust Corp now owns 1,574,482 shares of the company's stock worth $866,012,000 after buying an additional 147,580 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in Spotify Technology by 12.6% during the first quarter. Forsta AP Fonden now owns 1,559,652 shares of the company's stock worth $857,855,000 after buying an additional 174,700 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on SPOT shares. JPMorgan Chase & Co. raised their price target on shares of Spotify Technology from $730.00 to $780.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Morgan Stanley decreased their price target on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Barclays lowered their price target on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, UBS Group lowered their target price on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $721.07.

Spotify Technology Stock Up 1.0%

Spotify Technology stock opened at $696.91 on Friday. The stock has a 50-day simple moving average of $693.51 and a 200 day simple moving average of $648.87. The stock has a market capitalization of $142.66 billion, a price-to-earnings ratio of 169.15, a P/E/G ratio of 2.97 and a beta of 1.71. Spotify Technology has a 12-month low of $337.15 and a 12-month high of $785.00.

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 the consensus estimate of $2.00 by ($2.42). The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

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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