Spotify Technology $SPOT Shares Sold by Bwcp LP

Key Points

• Bwcp LP has decreased its stake in Spotify Technology by 5.1%, owning 26,161 shares valued at approximately $14.39 million, making it its 21st largest holding.
• Several hedge funds have recently altered their positions in Spotify, with Cornerstone Planning Group increasing its holdings by 512.5% in the first quarter.
• Spotify's stock experienced a price target revision, with several brokerages giving it ratings, including a recent upgrade from JPMorgan Chase & Co. raising their target from $730 to $780.

Bwcp LP reduced its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,161 shares of the company's stock after selling 1,414 shares during the quarter. Spotify Technology comprises 2.9% of Bwcp LP's investment portfolio, making the stock its 21st biggest holding. Bwcp LP's holdings in Spotify Technology were worth $14,389,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after buying an additional 41 shares during the period. Tsfg LLC acquired a new stake in shares of Spotify Technology in the 1st quarter valued at approximately $28,000. North Star Investment Management Corp. lifted its holdings in shares of Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after buying an additional 19 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Spotify Technology in the 4th quarter valued at approximately $26,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Spotify Technology in the 1st quarter valued at approximately $34,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPOT. JPMorgan Chase & Co. lifted their price objective on Spotify Technology from $730.00 to $780.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Rosenblatt Securities reduced their price objective on Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a report on Wednesday, July 30th. UBS Group reduced their price objective on Spotify Technology from $895.00 to $850.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Barclays reduced their price objective on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $720.07.

Spotify Technology Stock Up 1.3%

NYSE SPOT opened at $690.79 on Wednesday. Spotify Technology has a fifty-two week low of $319.07 and a fifty-two week high of $785.00. The stock has a market cap of $141.41 billion, a price-to-earnings ratio of 167.67, a price-to-earnings-growth ratio of 2.93 and a beta of 1.71. The business has a fifty day moving average of $699.31 and a 200-day moving average of $644.38.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results 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). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm earned $1.33 earnings per share. The business's revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, analysts anticipate 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.

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