406 Shares in Spotify Technology $SPOT Bought by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC invested $312,000 in Spotify Technology, acquiring 406 shares of the company's stock during the 2nd quarter.
• Spotify reported a disappointing earnings result of ($0.42) EPS, missing the consensus estimate of $2.00, but achieved revenue of $4.94 billion which was above expectations.
• Many institutional investors have increased their positions in Spotify, with 84.09% of the stock currently owned by such firms.

Sivia Capital Partners LLC acquired a new stake in Spotify Technology (NYSE:SPOT - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 406 shares of the company's stock, valued at approximately $312,000.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in Spotify Technology by 42.3% in the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock valued at $2,336,494,000 after acquiring an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Spotify Technology by 3.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company's stock valued at $1,939,949,000 after purchasing an additional 112,553 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Spotify Technology by 1,151.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock valued at $957,494,000 after buying an additional 1,601,653 shares during the last quarter. Northern Trust Corp boosted its position in Spotify Technology by 10.3% during the first quarter. Northern Trust Corp now owns 1,574,482 shares of the company's stock worth $866,012,000 after purchasing an additional 147,580 shares during the period. Finally, Forsta AP Fonden boosted its holdings in shares of Spotify Technology by 12.6% during the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company's stock worth $857,855,000 after buying an additional 174,700 shares during the period. Institutional investors own 84.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SPOT shares. DZ Bank raised Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective on the stock in a report on Wednesday, July 30th. KeyCorp lowered their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Guggenheim reissued a "buy" rating and issued a $850.00 target price on shares of Spotify Technology in a report on Wednesday, September 3rd. Barclays cut their price objective on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, Bank of America boosted their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $726.84.

Spotify Technology Stock Performance

Shares of NYSE SPOT traded up $2.36 during trading on Monday, hitting $737.28. 988,711 shares of the company traded hands, compared to its average volume of 1,264,950. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00. The business's fifty day moving average is $693.62 and its 200 day moving average is $655.70. The firm has a market capitalization of $150.93 billion, a price-to-earnings ratio of 178.95, a P/E/G ratio of 3.16 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted 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). The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company's revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, analysts predict 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.