Northeast Investment Management Has $15.20 Million Stock Holdings in Spotify Technology $SPOT

Key Points

• Northeast Investment Management increased its stake in Spotify Technology by 6.2%, now holding 19,810 shares valued at $15.20 million.
• Several analysts have issued ratings for Spotify, with a consensus price target of $731.16 and most agreeing on a "Moderate Buy" rating.
• Spotify's latest earnings report showed a revenue increase of 10.1% year-over-year, with a reported revenue of $4.94 billion despite an EPS loss of ($0.42).

Northeast Investment Management increased its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,810 shares of the company's stock after acquiring an additional 1,152 shares during the period. Northeast Investment Management's holdings in Spotify Technology were worth $15,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Sapient Capital LLC acquired a new stake in shares of Spotify Technology during the 2nd quarter worth approximately $322,000. Swedbank AB boosted its position in shares of Spotify Technology by 1.4% during the 1st quarter. Swedbank AB now owns 959,587 shares of the company's stock worth $527,802,000 after acquiring an additional 13,458 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in shares of Spotify Technology by 110.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company's stock worth $2,990,000 after acquiring an additional 2,049 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Spotify Technology by 36.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company's stock worth $1,576,000 after acquiring an additional 544 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company's stock valued at $1,486,000 after purchasing an additional 769 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPOT shares. Rosenblatt Securities reissued a "neutral" rating and issued a $679.00 price objective on shares of Spotify Technology in a research note on Wednesday, October 1st. Sanford C. Bernstein increased their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Argus started coverage on shares of Spotify Technology in a research note on Monday, September 29th. They issued a "buy" rating and a $845.00 price objective for the company. Oppenheimer increased their price objective on shares of Spotify Technology from $750.00 to $825.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Spotify Technology in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $731.16.

Spotify Technology Stock Performance

SPOT stock opened at $671.04 on Friday. The company has a fifty day moving average price of $699.44 and a 200-day moving average price of $671.61. The company has a market capitalization of $137.37 billion, a P/E ratio of 162.87, a PEG ratio of 3.20 and a beta of 1.67. Spotify Technology has a 52-week low of $369.42 and a 52-week high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

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.

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