Jump Financial LLC Has $592,000 Position in Spotify Technology $SPOT

Key Points

• Jump Financial LLC significantly reduced its stake in Spotify Technology by 95.0%, selling 20,644 shares and leaving them with only 1,076 shares, valued at $592,000.
• Institutional investors are actively trading Spotify shares, with firms like Goldman Sachs increasing their holdings by over 1,000% during the same quarter.
• Various analysts have adjusted their price targets for Spotify, with Cantor Fitzgerald raising their objective to $640.00 and Bank of America setting it at $900.00, reflecting a generally positive outlook for the company's stock.

Jump Financial LLC cut its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 95.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,076 shares of the company's stock after selling 20,644 shares during the quarter. Jump Financial LLC's holdings in Spotify Technology were worth $592,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of Spotify Technology in the 4th quarter valued at about $26,000. Tsfg LLC bought a new stake in Spotify Technology during the first quarter worth approximately $28,000. Copia Wealth Management bought a new stake in shares of Spotify Technology in the fourth quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its position in shares of Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after acquiring an additional 41 shares during the period. Finally, North Star Investment Management Corp. boosted its position in shares of Spotify Technology by 52.8% in the first quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Performance

SPOT traded up $0.11 during midday trading on Friday, reaching $703.96. 390,175 shares of the company were exchanged, compared to its average volume of 2,235,927. Spotify Technology has a one year low of $319.07 and a one year high of $785.00. The stock has a market capitalization of $144.11 billion, a P/E ratio of 170.80, a PEG ratio of 3.00 and a beta of 1.71. The stock's 50-day simple moving average is $697.10 and its 200 day simple moving average is $645.20.

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

Analysts Set New Price Targets

A number of research analysts recently commented on SPOT shares. Guggenheim restated a "buy" rating and issued a $850.00 target price on shares of Spotify Technology in a research note on Wednesday. KeyCorp dropped their price objective on Spotify Technology from $860.00 to $830.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Wells Fargo & Company increased their price objective on Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Benchmark dropped their price objective on Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Morgan Stanley lowered their target price on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.