Groupe la Francaise Makes New Investment in Spotify Technology $SPOT

Key Points

• Groupe la Francaise has invested approximately $13.3 million in Spotify Technology by acquiring 23,169 shares during the first quarter of the year.
• Equities research analysts have adjusted their price targets for Spotify, with Bank of America raising its target to $900 and JPMorgan Chase to $780, while the consensus rating for the stock is now "Moderate Buy."
• Spotify reported a quarterly revenue of $4.94 billion, exceeding expectations, but posted a loss of ($0.42) earnings per share, falling short of analysts' estimates of $2.00.

Groupe la Francaise bought a new position in Spotify Technology (NYSE:SPOT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,169 shares of the company's stock, valued at approximately $13,337,000.

A number of other large investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its position in Spotify Technology by 1,151.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock worth $957,494,000 after buying an additional 1,601,653 shares during the period. Jennison Associates LLC increased its stake in shares of Spotify Technology by 42.3% during the 1st 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 last quarter. Janus Henderson Group PLC boosted its position in shares of Spotify Technology by 325.9% in the fourth quarter. Janus Henderson Group PLC now owns 1,125,465 shares of the company's stock worth $503,316,000 after acquiring an additional 861,232 shares during the last quarter. Northern Trust Corp increased its position in Spotify Technology by 103.7% during the fourth quarter. Northern Trust Corp now owns 1,426,902 shares of the company's stock worth $638,367,000 after purchasing an additional 726,245 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Spotify Technology by 75,856.5% during the first quarter. GAMMA Investing LLC now owns 717,789 shares of the company's stock worth $394,805,000 after purchasing an additional 716,844 shares during the period. Hedge funds and other institutional investors own 84.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley dropped their price objective on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Cantor Fitzgerald upped their price target on Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Wells Fargo & Company raised their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Canaccord Genuity Group boosted their price objective on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Sanford C. Bernstein raised their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Twenty research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $720.07.

Spotify Technology Stock Down 0.5%

Shares of NYSE SPOT traded down $3.70 during trading on Wednesday, reaching $692.77. 898,479 shares of the stock were exchanged, compared to its average volume of 2,282,195. The company has a market capitalization of $141.82 billion, a price-to-earnings ratio of 168.15, a price-to-earnings-growth ratio of 2.99 and a beta of 1.69. The business's 50-day moving average price is $702.80 and its 200 day moving average price is $642.65. Spotify Technology has a twelve month low of $319.07 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period last year, the firm earned $1.33 EPS. The business's quarterly revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

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.