Ieq Capital LLC Has $20.01 Million Holdings in Spotify Technology $SPOT

Key Points

• Ieq Capital LLC increased its holdings in Spotify Technology by 15.4%, owning 36,381 shares valued at approximately $20 million after an additional purchase of shares in Q1.
• Spotify reported a loss of $0.42 EPS for the last quarter, significantly below the expected $2.00, but revenues rose 10.1% year-over-year to $4.94 billion.
• Analysts have recently adjusted their price targets for Spotify, with estimates ranging from $550 to $850, reflecting a consensus rating of "Moderate Buy."

Ieq Capital LLC raised its stake in Spotify Technology (NYSE:SPOT - Free Report) by 15.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,381 shares of the company's stock after acquiring an additional 4,864 shares during the quarter. Ieq Capital LLC's holdings in Spotify Technology were worth $20,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPOT. Dimensional Fund Advisors LP increased its position in Spotify Technology by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 203,766 shares of the company's stock valued at $91,170,000 after acquiring an additional 2,719 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Spotify Technology during the 4th quarter worth approximately $208,000. Dark Forest Capital Management LP acquired a new stake in shares of Spotify Technology during the 4th quarter worth approximately $310,000. MGO One Seven LLC grew its position in shares of Spotify Technology by 7.3% during the 4th quarter. MGO One Seven LLC now owns 843 shares of the company's stock worth $377,000 after buying an additional 57 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in shares of Spotify Technology by 10.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,933 shares of the company's stock worth $865,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Price Performance

SPOT traded down $4.62 during trading on Friday, reaching $683.19. The company had a trading volume of 1,004,079 shares, compared to its average volume of 1,788,933. Spotify Technology has a 12 month low of $319.07 and a 12 month high of $785.00. The business's fifty day moving average price is $701.49 and its 200 day moving average price is $643.77. The company has a market cap of $139.85 billion, a P/E ratio of 165.82, a PEG ratio of 2.93 and a beta of 1.69.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Guggenheim lifted their price target on shares of Spotify Technology from $800.00 to $850.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Phillip Securities upgraded shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 4th. Canaccord Genuity Group lifted their price target on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, KeyCorp reduced their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Twenty investment 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 presently has an average rating of "Moderate Buy" and an average 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.