Schaper Benz & Wise Investment Counsel Inc. WI Has $14.64 Million Holdings in Spotify Technology $SPOT

Key Points

• Schaper Benz & Wise Investment Counsel Inc. increased its holdings in Spotify Technology by 3.6% during Q2, owning 19,080 shares valued at $14.64 million as of the last reporting period.
• Spotify's stock has received various ratings from analysts, with a current average rating of "Moderate Buy", and an average price target of $731.16.
• Despite reporting lower than expected earnings per share of ($0.42) for the last quarter, Spotify's revenue increased by 10.1% year-over-year, totaling $4.94 billion.

Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,080 shares of the company's stock after buying an additional 671 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Spotify Technology were worth $14,641,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Joel Isaacson & Co. LLC boosted its stake in Spotify Technology by 1.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company's stock valued at $1,190,000 after buying an additional 15 shares in the last quarter. Ignite Planners LLC boosted its stake in Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company's stock valued at $489,000 after buying an additional 15 shares in the last quarter. Hartford Investment Management Co. boosted its stake in Spotify Technology by 1.1% in the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company's stock valued at $797,000 after buying an additional 16 shares in the last quarter. Stonekeep Investments LLC raised its position in Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock valued at $593,000 after purchasing an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division raised its position in Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock valued at $2,249,000 after purchasing an additional 16 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPOT has been the subject of several research reports. The Goldman Sachs Group downgraded Spotify Technology from a "buy" rating to a "neutral" rating and increased their target price for the company from $765.00 to $770.00 in a research report on Tuesday, September 30th. Argus initiated coverage on Spotify Technology in a research report on Monday, September 29th. They issued a "buy" rating and a $845.00 target price for the company. Wells Fargo & Company increased their target price on Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. BNP Paribas upgraded Spotify Technology to a "strong-buy" rating in a research report on Tuesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, Spotify Technology currently has an average rating of "Moderate Buy" and an average price target of $731.16.

Spotify Technology Price Performance

Shares of SPOT opened at $674.73 on Thursday. Spotify Technology has a 1 year low of $376.00 and a 1 year high of $785.00. The company has a market capitalization of $138.12 billion, a price-to-earnings ratio of 163.77, a price-to-earnings-growth ratio of 3.29 and a beta of 1.67. The business has a 50-day moving average of $698.72 and a 200-day moving average of $673.71.

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