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Spotify Technology $SPOT Position Raised by Blair William & Co. IL

Spotify Technology logo with Computer and Technology background

Blair William & Co. IL boosted its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 547.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,756 shares of the company's stock after buying an additional 7,404 shares during the quarter. Blair William & Co. IL's holdings in Spotify Technology were worth $6,719,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position 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 in the last quarter. Jennison Associates LLC grew its position 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 in the last quarter. Nuveen LLC purchased a new position in Spotify Technology during the 1st quarter worth approximately $383,139,000. Axiom Investors LLC DE grew its position in Spotify Technology by 216.8% during the 1st quarter. Axiom Investors LLC DE now owns 719,682 shares of the company's stock worth $395,847,000 after purchasing an additional 492,504 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Spotify Technology by 39.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company's stock worth $648,434,000 after purchasing an additional 336,162 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on SPOT shares. Wells Fargo & Company boosted their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Barclays reduced their price objective on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Sanford C. Bernstein lifted 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. Guggenheim reaffirmed a "buy" rating and issued a $850.00 price objective on shares of Spotify Technology in a research note on Wednesday, September 3rd. Finally, Benchmark cut their target price on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. One 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 company's stock. Based on data from MarketBeat.com, Spotify Technology has a consensus rating of "Moderate Buy" and an average target price of $731.16.

Read Our Latest Research Report on SPOT

Spotify Technology Stock Performance

Shares of SPOT stock opened at $685.66 on Friday. Spotify Technology has a 52 week low of $364.26 and a 52 week high of $785.00. The company has a 50-day simple moving average of $699.20 and a 200 day simple moving average of $667.63. The company has a market capitalization of $140.36 billion, a price-to-earnings ratio of 166.42, a PEG ratio of 3.24 and a beta of 1.67.

Spotify Technology (NYSE:SPOT - Get Free Report) last released 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 analyst estimates of $4.29 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. Spotify Technology's revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology Profile

(Free Report)

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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Institutional Ownership by Quarter for Spotify Technology (NYSE:SPOT)

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