Spotify Technology $SPOT Shares Sold by Aperture Investors LLC

Key Points

• Aperture Investors LLC reduced its holdings in Spotify Technology by 38.4%, selling 16,028 shares and now owning 25,658 shares, which represent 1.8% of their portfolio.
• Spotify Technology reported a revenue of $4.94 billion for the last quarter, exceeding the consensus estimate of $4.29 billion, despite posting earnings of ($0.42) per share, missing estimates significantly.
• Analysts have raised their price targets on Spotify, with Goldman Sachs increasing their target price from $680.00 to $775.00, and overall, the stock has a consensus rating of "Moderate Buy".

Aperture Investors LLC cut its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 38.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,658 shares of the company's stock after selling 16,028 shares during the quarter. Spotify Technology comprises approximately 1.8% of Aperture Investors LLC's portfolio, making the stock its 22nd largest holding. Aperture Investors LLC's holdings in Spotify Technology were worth $14,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. raised its stake in Spotify Technology by 36.3% during the 1st quarter. QRG Capital Management Inc. now owns 710 shares of the company's stock valued at $391,000 after acquiring an additional 189 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Spotify Technology by 38.1% in the first quarter. GAMMA Investing LLC now owns 1,305 shares of the company's stock valued at $718,000 after acquiring an additional 360 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Spotify Technology by 16.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,543 shares of the company's stock valued at $4,699,000 after purchasing an additional 1,179 shares during the period. Fifth Third Bancorp increased its position in Spotify Technology by 30.7% during the 1st quarter. Fifth Third Bancorp now owns 302 shares of the company's stock worth $166,000 after purchasing an additional 71 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Spotify Technology by 238.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company's stock worth $13,993,000 after buying an additional 17,932 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPOT. Bank of America lifted their price target on Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Rosenblatt Securities lowered their price target on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 30th. Barclays reduced their price objective on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Phillip Securities upgraded shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 4th. Finally, Cantor Fitzgerald lifted their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Spotify Technology presently has an average rating of "Moderate Buy" and a consensus target price of $720.07.

Spotify Technology Stock Down 0.7%

Shares of SPOT traded down $4.62 on Friday, hitting $683.19. 1,004,079 shares of the stock traded hands, compared to its average volume of 1,712,580. The firm has a market capitalization of $139.85 billion, a P/E ratio of 165.82, a P/E/G ratio of 2.93 and a beta of 1.71. Spotify Technology has a 1 year low of $319.07 and a 1 year high of $785.00. The stock's 50 day moving average is $701.49 and its two-hundred day moving average is $643.74.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $2.00 by ($2.42). The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

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.