Parkwood LLC Purchases 5,185 Shares of Spotify Technology $SPOT

Key Points

• Parkwood LLC increased its stake in Spotify Technology by 23.1%, acquiring a total of 27,655 shares valued at approximately $15.2 million.
• Spotify reported a Q2 loss of $0.42 EPS, significantly missing the consensus estimate of $2.00, but achieved a revenue of $4.94 billion, surpassing expectations.
• As of recent analyst reports, Spotify has an average rating of "Moderate Buy" with a consensus price target of $720.07, reflecting positive market sentiment despite recent earnings misses.

Parkwood LLC lifted its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 23.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,655 shares of the company's stock after buying an additional 5,185 shares during the period. Parkwood LLC's holdings in Spotify Technology were worth $15,211,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Spotify Technology in the 4th quarter worth about $26,000. Tsfg LLC purchased a new position in shares of Spotify Technology during the 1st quarter worth about $28,000. Copia Wealth Management purchased a new position in shares of Spotify Technology during the 4th quarter worth about $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after purchasing an additional 41 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in shares of Spotify Technology by 52.8% during the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after purchasing an additional 19 shares during the period. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Price Performance

NYSE SPOT traded up $1.61 during trading on Tuesday, reaching $719.89. 944,640 shares of the company's stock traded hands, compared to its average volume of 1,296,593. The firm has a market cap of $147.37 billion, a price-to-earnings ratio of 174.73, a price-to-earnings-growth ratio of 3.09 and a beta of 1.71. The company's 50 day simple moving average is $694.75 and its two-hundred day simple moving average is $647.11. Spotify Technology has a 12-month low of $324.16 and a 12-month high of $785.00.

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 analysts' consensus estimates of $2.00 by ($2.42). The business had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wells Fargo & Company lifted their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Bank of America lifted their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Pivotal Research boosted their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, 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. Twenty investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $721.07.

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.