GDS Wealth Management Raises Holdings in Spotify Technology $SPOT

Key Points

• GDS Wealth Management increased its holdings in Spotify Technology by 230.6% during the 1st quarter, now owning 14,611 shares valued at $8,036,000.
• Spotify reported a net loss of ($0.42) EPS for the last quarter, missing estimates significantly, while revenue grew by 10.1% year-over-year to $4.94 billion.
• Analysts have mixed ratings on Spotify shares, with a range of target prices from $652.00 to $900.00, and an overall consensus rating of Moderate Buy.

GDS Wealth Management grew its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 230.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,611 shares of the company's stock after purchasing an additional 10,191 shares during the quarter. GDS Wealth Management's holdings in Spotify Technology were worth $8,036,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SPOT. Cornerstone Planning Group LLC boosted its stake 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 buying an additional 41 shares during the period. Tsfg LLC acquired a new stake in shares of Spotify Technology during the first quarter worth about $28,000. North Star Investment Management Corp. boosted its stake 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 buying an additional 19 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Spotify Technology during the fourth quarter worth about $26,000. Finally, Copia Wealth Management acquired a new stake in shares of Spotify Technology during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Down 1.1%

Shares of NYSE:SPOT opened at $719.8870 on Wednesday. The company has a market cap of $147.37 billion, a P/E ratio of 174.73, a PEG ratio of 3.15 and a beta of 1.69. Spotify Technology has a 52 week low of $319.07 and a 52 week high of $785.00. The company has a 50-day moving average price of $704.39 and a 200 day moving average price of $639.65.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced 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 firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Rosenblatt Securities decreased their target price on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. DZ Bank upgraded shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 target price for the company in a research note on Wednesday, July 30th. Evercore ISI increased their target price on shares of Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a research note on Monday, June 16th. Bank of America increased their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Phillip Securities upgraded shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 4th. Twenty investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Spotify Technology presently has an average rating of "Moderate Buy" and an average 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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