Spotify Technology $SPOT Shares Acquired by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management SPA SGR increased its stake in Spotify Technology by 72.4% during the second quarter, now owning approximately 51,969 shares valued at $39 million.
• Spotify's latest quarterly earnings report showed a loss of ($0.42) EPS, significantly missing the consensus estimate of $2.00, despite revenue of $4.94 billion exceeding expectations.
• Oppenheimer and Canaccord Genuity Group raised their price targets for Spotify to $825.00 and $850.00 respectively, reflecting positive sentiment from analysts regarding the company's future performance.

Generali Asset Management SPA SGR lifted its stake in Spotify Technology (NYSE:SPOT - Free Report) by 72.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,969 shares of the company's stock after purchasing an additional 21,827 shares during the quarter. Spotify Technology comprises about 0.9% of Generali Asset Management SPA SGR's holdings, making the stock its 23rd largest holding. Generali Asset Management SPA SGR's holdings in Spotify Technology were worth $39,023,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC grew its holdings in Spotify Technology by 1.0% in the 2nd 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 position in shares of Spotify Technology by 2.4% during the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company's stock valued at $489,000 after acquiring an additional 15 shares during the last quarter. Hartford Investment Management Co. grew its holdings in shares of 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 purchasing an additional 16 shares during the period. Stonekeep Investments LLC increased its position in Spotify Technology by 2.1% during the second quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock worth $593,000 after purchasing an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division raised its stake in Spotify Technology by 0.5% during the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock worth $2,249,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $682.75 on Wednesday. The company has a market cap of $139.77 billion, a price-to-earnings ratio of 165.72, a price-to-earnings-growth ratio of 3.26 and a beta of 1.67. The stock's 50-day moving average is $700.53 and its two-hundred day moving average is $669.26. Spotify Technology has a 1-year low of $364.26 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) 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 period in the prior year, the firm posted $1.33 earnings per share. The business's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPOT. Oppenheimer increased their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Canaccord Genuity Group increased their price objective on Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their target price on Spotify Technology from $740.00 to $805.00 and gave the stock an "overweight" rating in a research note on Monday, September 29th. The Goldman Sachs Group lowered Spotify Technology from a "buy" rating to a "neutral" rating and upped their price target for the company from $765.00 to $770.00 in a research note on Tuesday, September 30th. Finally, DZ Bank upgraded Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Spotify Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $731.16.

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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