Lbp Am Sa Has $59.17 Million Stock Holdings in Spotify Technology $SPOT

Key Points

• Lbp Am Sa significantly increased its stake in Spotify Technology, raising holdings by 669.9% to a total value of approximately $59.17 million.
• Spotify reported a loss of $0.42 EPS for the last quarter, which missed estimates, but had revenue of $4.94 billion, exceeding expectations.
• Analysts have mixed views on Spotify's stock, with 21 buy ratings and a revised average price target of $731.16, reflecting a generally "Moderate Buy" recommendation.

Lbp Am Sa lifted its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 669.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,104 shares of the company's stock after buying an additional 67,089 shares during the period. Spotify Technology comprises 0.8% of Lbp Am Sa's holdings, making the stock its 23rd largest position. Lbp Am Sa's holdings in Spotify Technology were worth $59,165,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tsfg LLC acquired a new stake in Spotify Technology in the 1st quarter valued at about $28,000. Cornerstone Planning Group LLC lifted its stake in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. North Star Investment Management Corp. lifted its stake in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after purchasing an additional 19 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock valued at $31,000 after purchasing an additional 25 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Spotify Technology in the 1st quarter valued at about $34,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays cut their target price on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Benchmark cut their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Bank of America raised their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, The Goldman Sachs Group downgraded shares of Spotify Technology from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $765.00 to $770.00 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology has an average rating of "Moderate Buy" and an average target price of $731.16.

Spotify Technology Trading Down 4.1%

Shares of SPOT opened at $698.66 on Wednesday. Spotify Technology has a 12 month low of $362.31 and a 12 month high of $785.00. The firm's 50 day moving average is $694.95 and its 200-day moving average is $662.49. The stock has a market capitalization of $143.02 billion, a PE ratio of 169.58, a P/E/G ratio of 3.13 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced 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). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal 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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