Gateway Investment Advisers LLC Increases Stake in Spotify Technology $SPOT

Key Points

• Gateway Investment Advisers LLC has increased its stake in Spotify Technology by 29.3%, owning a total of 9,540 shares valued at approximately $7.32 million.
• Spotify’s recent quarterly earnings showed a loss of ($0.42) per share, which fell short of analysts' expectations, although the revenue of $4.94 billion exceeded predictions.
• Spotify's average stock rating is "Moderate Buy" with a price target of $726.84 based on recent analyst reports, reflecting optimism for future growth.

Gateway Investment Advisers LLC lifted its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 29.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,540 shares of the company's stock after acquiring an additional 2,162 shares during the period. Gateway Investment Advisers LLC's holdings in Spotify Technology were worth $7,320,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Tidal Investments LLC grew its stake in shares of Spotify Technology by 14.8% in the 4th quarter. Tidal Investments LLC now owns 4,603 shares of the company's stock worth $2,059,000 after acquiring an additional 595 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of Spotify Technology by 2.4% in the 4th quarter. Vident Advisory LLC now owns 5,354 shares of the company's stock worth $2,395,000 after buying an additional 124 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Spotify Technology by 311.7% in 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 buying an additional 638,047 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Spotify Technology during the fourth quarter valued at about $26,000. Finally, Connective Capital Management LLC purchased a new stake in Spotify Technology during the fourth quarter valued at about $1,199,000. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Trading Up 0.1%

NYSE:SPOT traded up $1.07 during midday trading on Friday, hitting $735.19. 1,545,785 shares of the company traded hands, compared to its average volume of 1,234,507. The firm's fifty day moving average is $693.21 and its 200-day moving average is $653.48. Spotify Technology has a 12-month low of $362.00 and a 12-month high of $785.00. The firm has a market capitalization of $150.50 billion, a P/E ratio of 178.44, a P/E/G ratio of 3.16 and a beta of 1.71.

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 for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). The company 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 for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Guggenheim reissued a "buy" rating and issued a $850.00 price target on shares of Spotify Technology in a report on Wednesday, September 3rd. Bank of America raised their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. UBS Group lowered their target price on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Finally, Barclays lowered their target price on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $726.84.

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.