Swedbank AB Has $527.80 Million Stake in Spotify Technology $SPOT

Key Points

• Swedbank AB has increased its stake in Spotify Technology by 1.4%, acquiring an additional 13,458 shares, bringing its total holdings to 959,587 shares worth approximately $527.8 million.
• Spotify recently reported an earnings miss with a loss of ($0.42) EPS, missing consensus estimates by $2.42, despite a year-over-year revenue increase of 10.1% to $4.94 billion.
• Several analysts have issued new price targets for Spotify, with Goldman Sachs raising theirs to $775 and a consensus target currently standing at $721.07, indicating a generally optimistic view of the stock.

Swedbank AB raised its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 959,587 shares of the company's stock after buying an additional 13,458 shares during the quarter. Spotify Technology comprises 0.7% of Swedbank AB's investment portfolio, making the stock its 28th largest holding. Swedbank AB owned approximately 0.47% of Spotify Technology worth $527,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SPOT. Focus Partners Wealth grew its position in Spotify Technology by 310.6% in the 4th quarter. Focus Partners Wealth now owns 7,543 shares of the company's stock worth $3,375,000 after purchasing an additional 5,706 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Spotify Technology by 72.7% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,863 shares of the company's stock valued at $833,000 after buying an additional 784 shares during the period. Nuveen Asset Management LLC grew its position in Spotify Technology by 98.0% during the fourth quarter. Nuveen Asset Management LLC now owns 645,705 shares of the company's stock worth $288,876,000 after buying an additional 319,564 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Spotify Technology by 8.1% in the 4th quarter. Pathstone Holdings LLC now owns 26,228 shares of the company's stock worth $11,734,000 after acquiring an additional 1,970 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in shares of Spotify Technology by 20.4% during the 4th quarter. Quantinno Capital Management LP now owns 11,439 shares of the company's stock worth $5,118,000 after purchasing an additional 1,939 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Price Performance

Shares of NYSE:SPOT traded up $6.60 during trading on Friday, reaching $696.91. The stock had a trading volume of 1,169,675 shares, compared to its average volume of 1,222,534. The stock has a market capitalization of $142.66 billion, a PE ratio of 169.15, a P/E/G ratio of 2.99 and a beta of 1.71. Spotify Technology has a 52 week low of $337.15 and a 52 week high of $785.00. The business's 50-day moving average price is $693.51 and its 200 day moving average price is $649.61.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) EPS 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 business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm's revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SPOT. Evercore ISI upped their target price on Spotify Technology from $650.00 to $750.00 and gave the company an "outperform" rating in a research note on Monday, June 16th. Citigroup increased their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the company a "neutral" rating in a research note on Tuesday, September 9th. Morgan Stanley decreased their target price on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Spotify Technology from $730.00 to $780.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Barclays decreased their price objective on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Spotify Technology has an average rating of "Moderate Buy" and a consensus price target of $721.07.

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.