Spotify Technology $SPOT Shares Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management LLC increased its holdings in Spotify Technology by 34.0% in the second quarter, bringing its total shares owned to 9,677, worth approximately $7.43 million.
• Spotify's first-quarter earnings revealed a loss of $0.42 per share, missing analysts' expectations, despite revenue of $4.94 billion exceeding forecasts.
• Several firms have recently adjusted their price targets for Spotify, with Citigroup setting a new target at $750.00 and Bank of America at $900.00, reflecting a generally positive outlook on the stock.

Yousif Capital Management LLC increased its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 34.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,677 shares of the company's stock after purchasing an additional 2,454 shares during the quarter. Yousif Capital Management LLC's holdings in Spotify Technology were worth $7,426,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SPOT. Goldman Sachs Group Inc. raised its holdings in Spotify Technology by 1,151.0% in 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. Jennison Associates LLC raised its holdings in Spotify Technology by 42.3% in 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. Nuveen LLC purchased a new stake in Spotify Technology during the 1st quarter worth approximately $383,139,000. Axiom Investors LLC DE increased its stake 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 buying an additional 492,504 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 buying 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 research firms have commented on SPOT. Citigroup boosted their price objective on Spotify Technology from $715.00 to $750.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 9th. Guggenheim reiterated a "buy" rating and set a $850.00 price objective on shares of Spotify Technology in a research note on Wednesday, September 3rd. Bank of America boosted their price objective on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. DZ Bank upgraded Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective for the company in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price objective on Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $731.16.

Spotify Technology Price Performance

SPOT stock opened at $691.38 on Tuesday. The business has a 50 day simple moving average of $699.82 and a 200-day simple moving average of $669.16. The firm has a market capitalization of $141.53 billion, a PE ratio of 167.81, a price-to-earnings-growth ratio of 3.23 and a beta of 1.67. 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 posted its quarterly earnings results 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). The company had revenue of $4.94 billion during 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%. Spotify Technology's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

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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