Plato Investment Management Ltd Boosts Stock Position in Spotify Technology $SPOT

Key Points

• Plato Investment Management Ltd has increased its stake in Spotify Technology by 34.8% during Q1, now holding 4,159 shares valued at approximately $2.31 million.
• Goldman Sachs significantly boosted its holdings in Spotify by 1,151% in the same quarter, owning around 1.74 million shares worth $957.49 million.
• Despite a 2.0% drop in Spotify's stock price recently, the company reported a revenue of $4.94 billion for the quarter, surpassing analysts' expectations.

Plato Investment Management Ltd lifted its position in Spotify Technology (NYSE:SPOT - Free Report) by 34.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,159 shares of the company's stock after buying an additional 1,074 shares during the quarter. Plato Investment Management Ltd's holdings in Spotify Technology were worth $2,312,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SPOT. Goldman Sachs Group Inc. increased its holdings in Spotify Technology by 1,151.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock worth $957,494,000 after purchasing an additional 1,601,653 shares during the period. Jennison Associates LLC increased its holdings in Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares during the period. GAMMA Investing LLC increased its holdings in Spotify Technology by 75,856.5% during the 1st quarter. GAMMA Investing LLC now owns 717,789 shares of the company's stock worth $394,805,000 after purchasing an additional 716,844 shares during the period. Nuveen LLC purchased a new stake in Spotify Technology during the 1st quarter worth about $383,139,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Spotify Technology by 311.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,745 shares of the company's stock worth $377,027,000 after purchasing an additional 638,047 shares during the period. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Down 2.0%

Shares of NYSE SPOT opened at $704.43 on Thursday. The stock has a market cap of $144.20 billion, a PE ratio of 170.98, a price-to-earnings-growth ratio of 3.09 and a beta of 1.71. Spotify Technology has a 52-week low of $326.00 and a 52-week high of $785.00. The business has a 50-day moving average price of $694.71 and a 200 day moving average price of $647.51.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced 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). The firm had revenue of $4.94 billion during 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 firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on SPOT. KeyCorp cut their price target on Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Bank of America upped 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. Deutsche Bank Aktiengesellschaft upped their price objective on Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Cantor Fitzgerald upped their price objective on Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, Phillip Securities raised Spotify Technology from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 4th. Twenty research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $721.07.

Spotify Technology Company 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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