Spotify Technology $SPOT is Point72 Europe London LLP's 4th Largest Position

Key Points

• Point72 Europe London LLP has increased its holdings in Spotify Technology by 71.7%, making it the firm's fourth largest investment with a valuation of $34,983,000.
• Multiple analysts have updated their target prices for Spotify Technology, with Morgan Stanley setting a new target of $800.00 while the overall average price target stands at $720.07.
• Spotify's latest earnings report showed a revenue of $4.94 billion for the quarter, beating expectations of $4.29 billion, although it reported a loss of ($0.42) EPS.

Point72 Europe London LLP boosted its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 71.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,602 shares of the company's stock after purchasing an additional 26,561 shares during the quarter. Spotify Technology makes up 2.4% of Point72 Europe London LLP's investment portfolio, making the stock its 4th biggest holding. Point72 Europe London LLP's holdings in Spotify Technology were worth $34,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Jennison Associates LLC increased its holdings 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 during the period. Massachusetts Financial Services Co. MA increased its holdings in Spotify Technology by 3.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company's stock worth $1,939,949,000 after purchasing an additional 112,553 shares during the period. Goldman Sachs Group Inc. increased its holdings 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 during the period. Northern Trust Corp increased its holdings in Spotify Technology by 10.3% during the 1st 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 increased its holdings in 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 purchasing an additional 174,700 shares during the period. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Performance

Spotify Technology stock traded up $6.74 during mid-day trading on Thursday, reaching $704.07. 1,308,557 shares of the company were exchanged, compared to its average volume of 2,247,064. Spotify Technology has a twelve month low of $319.07 and a twelve month high of $785.00. The firm's 50-day simple moving average is $698.53 and its two-hundred day simple moving average is $644.75. The firm has a market cap of $144.13 billion, a PE ratio of 170.89, a price-to-earnings-growth ratio of 2.93 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted 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 analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm's revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SPOT shares. Benchmark cut their price target on Spotify Technology from $840.00 to $800.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Canaccord Genuity Group upped 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. Evercore ISI upped their price objective on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a research report on Monday, June 16th. Bank of America upped their price objective on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Barclays lowered their price objective on Spotify Technology from $800.00 to $750.00 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $720.07.

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.