Totem Point Management LLC Raises Holdings in Spotify Technology $SPOT

Key Points

• Total Point Management LLC increased its stake in Spotify Technology by 17.1% in Q1, holding 24,380 shares valued at approximately $13.41 million.
• Spotify's institutional ownership is strong, with 84.09% of its stock held by large investors, including Jennison Associates and Goldman Sachs Group.
• Analysts show mixed sentiments, with a consensus rating of "Moderate Buy" and target prices ranging up to $840 after recent adjustments.

Totem Point Management LLC boosted its stake in Spotify Technology (NYSE:SPOT - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,380 shares of the company's stock after purchasing an additional 3,565 shares during the period. Spotify Technology makes up about 16.5% of Totem Point Management LLC's investment portfolio, making the stock its 2nd biggest holding. Totem Point Management LLC's holdings in Spotify Technology were worth $13,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SPOT. Mpwm Advisory Solutions LLC acquired a new stake in Spotify Technology in the 4th quarter valued at $26,000. Tsfg LLC acquired a new stake in Spotify Technology in the 1st quarter valued at $28,000. Copia Wealth Management acquired a new stake in Spotify Technology in the 4th quarter valued at $29,000. Cornerstone Planning Group LLC increased its holdings in 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 purchasing an additional 41 shares in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in 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 purchasing an additional 19 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

NYSE:SPOT traded down $4.62 during mid-day trading on Friday, reaching $683.19. The stock had a trading volume of 1,004,079 shares, compared to its average volume of 1,712,580. The company has a market capitalization of $139.85 billion, a price-to-earnings ratio of 165.82, a price-to-earnings-growth 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 simple moving average is $701.49 and its two-hundred day simple moving average is $643.74.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted 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). The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SPOT shares. Wells Fargo & Company raised their target price on Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Phillip Securities upgraded Spotify Technology from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 4th. Rosenblatt Securities lowered their target price on Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Benchmark lowered their target price on Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein raised their target price on Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Twenty analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $720.07.

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.