Spotify Technology $SPOT Stock Holdings Lifted by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp significantly increased its holdings in Spotify Technology by 4,000%, acquiring an additional 600 shares, bringing its total to 615 shares valued at $472,000.
• Spotify reported a loss per share of ($0.42) for the last quarter, which was below analysts' expectations of $2.00, despite achieving revenue of $4.94 billion, surpassing anticipations of $4.29 billion.
• Institutional investors currently own 84.09% of Spotify's stock, indicating strong interest from larger financial entities.

Toth Financial Advisory Corp lifted its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 4,000.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 615 shares of the company's stock after acquiring an additional 600 shares during the period. Toth Financial Advisory Corp's holdings in Spotify Technology were worth $472,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC boosted its holdings in Spotify Technology by 42.3% in the first 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 grew its stake 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 valued at $1,939,949,000 after acquiring an additional 112,553 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of 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 valued at $957,494,000 after buying an additional 1,601,653 shares in the last quarter. Northern Trust Corp boosted its position in Spotify Technology by 10.3% during the first 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 lifted its holdings in shares of Spotify Technology by 12.6% during the first quarter. Forsta AP Fonden now owns 1,559,652 shares of the company's stock worth $857,855,000 after buying an additional 174,700 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Up 0.3%

SPOT stock traded up $2.36 during trading on Monday, reaching $737.28. The company's stock had a trading volume of 988,711 shares, compared to its average volume of 1,264,950. The company has a market capitalization of $150.93 billion, a P/E ratio of 178.95, a price-to-earnings-growth ratio of 3.16 and a beta of 1.71. The company's fifty day moving average is $693.62 and its 200-day moving average is $655.70. Spotify Technology has a 1 year low of $362.31 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 for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $1.33 EPS. The business's revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPOT. Cantor Fitzgerald raised their price target on Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. DZ Bank raised Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective on the stock in a report on Wednesday, July 30th. Barclays dropped 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. Deutsche Bank Aktiengesellschaft increased their price target on Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America raised their price objective on Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Spotify Technology currently has an average rating of "Moderate Buy" and a consensus price target of $726.84.

About Spotify Technology

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.