Samlyn Capital LLC Has $26.83 Million Stock Holdings in Spotify Technology $SPOT

Key Points

• Samlyn Capital LLC has significantly reduced its stake in Spotify Technology, selling 144,004 shares and cutting its position by 74.7%, leaving it with 48,772 shares worth approximately $26.8 million.
• Spotify's stock price increased by 0.6% and is currently trading at $707.72, with a market cap of $144.88 billion and a P/E ratio of 171.78.
• Despite a reported EPS of ($0.42) for the last quarter, Spotify's revenue rose by 10.1% compared to the previous year, totaling $4.94 billion, beating analysts' expectations.

Samlyn Capital LLC decreased its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 74.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,772 shares of the company's stock after selling 144,004 shares during the quarter. Samlyn Capital LLC's holdings in Spotify Technology were worth $26,826,000 at the end of the most recent quarter.

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

Spotify Technology Stock Up 0.2%

SPOT stock traded up $1.14 during mid-day trading on Tuesday, reaching $719.42. 283,541 shares of the stock traded hands, compared to its average volume of 2,223,209. Spotify Technology has a 52 week low of $324.16 and a 52 week high of $785.00. The business has a 50-day moving average of $694.82 and a two-hundred day moving average of $646.60. The firm has a market capitalization of $147.27 billion, a PE ratio of 174.45, a P/E/G ratio of 3.04 and a beta of 1.71.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm's revenue 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 anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. DZ Bank upgraded Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target on the stock in a research report on Wednesday, July 30th. Phillip Securities upgraded Spotify Technology from a "moderate sell" rating to a "hold" rating in a report on Monday, August 4th. Evercore ISI upped their price target on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a report on Monday, June 16th. Bank of America increased their target price on Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Finally, Sanford C. Bernstein increased their target price on Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $721.07.

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.