Graham Capital Management L.P. Sells 1,443 Shares of Spotify Technology $SPOT

Key Points

• Graham Capital Management reduced its stake in Spotify Technology by 41.2%, now owning 2,057 shares valued at approximately $1.13 million.
• Multiple hedge funds have increased their investment in Spotify, with Jennison Associates LLC leading by boosting its holdings by 42.3% to over $2.33 billion.
• Analysts remain optimistic about Spotify's stock, with over thirty analysts rating it as a "Moderate Buy" and an average target price of $720.07.

Graham Capital Management L.P. reduced its stake in Spotify Technology (NYSE:SPOT - Free Report) by 41.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,057 shares of the company's stock after selling 1,443 shares during the period. Graham Capital Management L.P.'s holdings in Spotify Technology were worth $1,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Spotify Technology during the fourth quarter worth about $26,000. Tsfg LLC acquired a new stake in Spotify Technology in the first quarter valued at $28,000. Copia Wealth Management acquired a new stake in shares of Spotify Technology during the 4th quarter valued at approximately $29,000. Cornerstone Planning Group LLC raised its stake in 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 during the period. Finally, North Star Investment Management Corp. grew its holdings in Spotify Technology by 52.8% during the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after purchasing an additional 19 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Stock Up 1.3%

Spotify Technology stock traded up $9.36 during mid-day trading on Monday, hitting $716.55. The company had a trading volume of 780,080 shares, compared to its average volume of 2,232,399. The stock has a market cap of $146.69 billion, a price-to-earnings ratio of 173.97, a PEG ratio of 3.04 and a beta of 1.71. Spotify Technology has a 1 year low of $322.35 and a 1 year high of $785.00. The business has a fifty day moving average of $695.80 and a 200 day moving average of $645.82.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). The business 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 was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SPOT. The Goldman Sachs Group boosted their target price on shares of Spotify Technology from $680.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Cantor Fitzgerald raised their price objective on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Barclays cut their price objective on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. DZ Bank raised shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective for the company in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company raised their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, Spotify Technology currently has an average rating of "Moderate Buy" and a consensus price target of $720.07.

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.