Nishkama Capital LLC Decreases Stock Holdings in Spotify Technology $SPOT

Key Points

• Nishkama Capital LLC has decreased its holdings in Spotify Technology by 26.9%, now owning 10,402 shares worth approximately $5.72 million, making it the 20th largest position in its portfolio.
• Goldman Sachs significantly increased its stake in Spotify by 1,151.0%, holding over 1.74 million shares valued at nearly $957 million.
• Spotify's most recent earnings report showed a loss of ($0.42) per share, missing expectations, but revenue grew 10.1% year-over-year, reaching $4.94 billion.

Nishkama Capital LLC decreased its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 26.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,402 shares of the company's stock after selling 3,827 shares during the period. Spotify Technology comprises approximately 0.6% of Nishkama Capital LLC's investment portfolio, making the stock its 20th largest holding. Nishkama Capital LLC's holdings in Spotify Technology were worth $5,721,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPOT. Goldman Sachs Group Inc. raised its stake in Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock valued at $957,494,000 after purchasing an additional 1,601,653 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Spotify Technology by 42.3% in the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock worth $2,336,494,000 after acquiring an additional 1,262,614 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Spotify Technology by 325.9% in the 4th quarter. Janus Henderson Group PLC now owns 1,125,465 shares of the company's stock worth $503,316,000 after acquiring an additional 861,232 shares during the last quarter. Northern Trust Corp increased its stake in shares of Spotify Technology by 103.7% in the 4th quarter. Northern Trust Corp now owns 1,426,902 shares of the company's stock worth $638,367,000 after acquiring an additional 726,245 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Spotify Technology by 75,856.5% in the 1st quarter. GAMMA Investing LLC now owns 717,789 shares of the company's stock worth $394,805,000 after acquiring an additional 716,844 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Shares of Spotify Technology stock opened at $692.6780 on Monday. The business has a 50-day moving average of $703.72 and a 200 day moving average of $641.77. The stock has a market capitalization of $141.80 billion, a price-to-earnings ratio of 168.13, a price-to-earnings-growth ratio of 2.98 and a beta of 1.69. Spotify Technology has a 12 month low of $319.07 and a 12 month high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). The company had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business's quarterly 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 research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPOT shares. Robert W. Baird raised their price objective on Spotify Technology from $700.00 to $730.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. The Goldman Sachs Group raised their price objective on Spotify Technology from $680.00 to $775.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley cut their price objective on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Loop Capital raised their price objective on Spotify Technology from $435.00 to $550.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Finally, Oppenheimer raised their price objective on Spotify Technology from $750.00 to $825.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Twenty research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.