Katamaran Capital LLP Sells 2,034 Shares of Spotify Technology $SPOT

Key Points

• Katamaran Capital LLP reduced its stake in Spotify Technology by 31.7%, selling 2,034 shares and now holding 4,381 shares, which represent 3.1% of its total portfolio.
• Multiple analysts have increased their price targets for Spotify Technology, with targets ranging from $775.00 to $900.00, reflecting strong market sentiment.
• Spotify reported a loss of $0.42 per share for the last quarter, missing estimates, despite revenues of $4.94 billion, which exceeded expectations.

Katamaran Capital LLP lessened its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 31.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,381 shares of the company's stock after selling 2,034 shares during the period. Spotify Technology comprises 3.1% of Katamaran Capital LLP's holdings, making the stock its 16th biggest holding. Katamaran Capital LLP's holdings in Spotify Technology were worth $3,362,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPOT. UMB Bank n.a. grew its position in Spotify Technology by 32.0% in the first quarter. UMB Bank n.a. now owns 408 shares of the company's stock valued at $224,000 after acquiring an additional 99 shares during the last quarter. Farther Finance Advisors LLC grew its position in Spotify Technology by 17.6% in the first quarter. Farther Finance Advisors LLC now owns 2,391 shares of the company's stock valued at $1,319,000 after acquiring an additional 357 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in Spotify Technology in the first quarter valued at about $225,000. Yousif Capital Management LLC grew its position in Spotify Technology by 5.3% in the first quarter. Yousif Capital Management LLC now owns 7,223 shares of the company's stock valued at $3,973,000 after acquiring an additional 365 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Spotify Technology by 38.1% in the first quarter. GAMMA Investing LLC now owns 1,305 shares of the company's stock valued at $718,000 after acquiring an additional 360 shares during the last quarter. Institutional investors own 84.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Oppenheimer boosted their price target on Spotify Technology from $750.00 to $825.00 and gave the stock an "outperform" rating in a report on Monday, August 18th. 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 report on Wednesday, July 2nd. Rosenblatt Securities restated a "neutral" rating and set a $679.00 price target on shares of Spotify Technology in a report on Wednesday, October 1st. Finally, Bank of America boosted their price target on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $731.16.

Spotify Technology Stock Performance

NYSE:SPOT opened at $671.93 on Friday. The company has a market capitalization of $137.55 billion, a PE ratio of 163.09, a P/E/G ratio of 3.19 and a beta of 1.67. The company has a 50 day simple moving average of $698.03 and a two-hundred day simple moving average of $666.52. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its 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). The firm had revenue of $4.94 billion for 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%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts predict that Spotify Technology will post 10.3 EPS 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.

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