Spotify Technology $SPOT Stock Position Increased by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp increased its stake in Spotify Technology by 300.7%, acquiring an additional 2,505 shares, bringing its total holdings to 3,338 shares valued at $1.836 million.
• Notable institutional investors like Goldman Sachs and GAMMA Investing significantly increased their stakes in Spotify, with Goldman Sachs boosting its holdings by 1,151% to nearly $1 billion.
• Analysts have a consensus rating of "Moderate Buy" for Spotify, with a target price range between $720.07 to $900.00, indicating optimism about the company's future performance despite a missed EPS estimate in its recent earnings report.

Hancock Whitney Corp boosted its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 300.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,338 shares of the company's stock after purchasing an additional 2,505 shares during the period. Hancock Whitney Corp's holdings in Spotify Technology were worth $1,836,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Clifford Group LLC purchased a new position in shares of Spotify Technology in the 1st quarter worth about $220,000. Bridger Management LLC purchased a new position in shares of Spotify Technology in the 1st quarter worth about $9,773,000. Alliancebernstein L.P. raised its holdings in shares of Spotify Technology by 125.3% in the 1st quarter. Alliancebernstein L.P. now owns 239,644 shares of the company's stock worth $131,811,000 after purchasing an additional 133,283 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Spotify Technology by 55.5% in the 1st quarter. Advisors Asset Management Inc. now owns 3,694 shares of the company's stock worth $2,032,000 after purchasing an additional 1,319 shares during the period. Finally, Atalanta Sosnoff Capital LLC purchased a new position in shares of Spotify Technology in the 1st quarter worth about $33,074,000. Hedge funds and other institutional investors own 84.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Morgan Stanley dropped their target price on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Canaccord Genuity Group boosted their price target on Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Guggenheim reissued a "buy" rating and set a $850.00 price target on shares of Spotify Technology in a research report on Wednesday, September 3rd. DZ Bank raised shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target for the company in a report on Wednesday, July 30th. Finally, Pivotal Research raised their price target on shares of Spotify Technology from $800.00 to $900.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Twenty analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Spotify Technology currently has an average rating of "Moderate Buy" and a consensus target price of $720.07.

Spotify Technology Stock Up 1.6%

Shares of SPOT traded up $11.50 during mid-day trading on Monday, hitting $718.69. The stock had a trading volume of 1,181,779 shares, compared to its average volume of 1,303,138. The company has a market cap of $147.12 billion, a PE ratio of 171.65, a PEG ratio of 3.04 and a beta of 1.71. The company's fifty day simple moving average is $695.80 and its two-hundred day simple moving average is $645.82. Spotify Technology has a fifty-two week low of $322.35 and a fifty-two week high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate 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 return on equity of 13.67% and a net margin of 4.76%.Spotify Technology's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

About Spotify Technology

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.