Trifecta Capital Advisors LLC Purchases 5,336 Shares of Spotify Technology $SPOT

Key Points

• Trifecta Capital Advisors LLC significantly increased its stake in Spotify by purchasing 5,336 shares, bringing its total holdings to 5,436 shares valued at approximately $4.17 million.
• Institutional investors collectively own 84.09% of Spotify's stock, with several major firms like Goldman Sachs and Jennison Associates also increasing their positions significantly in Q1.
• Spotify reported a revenue of $4.94 billion for the last quarter but missed EPS estimates, posting a loss of ($0.42) per share compared to an expected $2.00.

Trifecta Capital Advisors LLC lifted its position in Spotify Technology (NYSE:SPOT - Free Report) by 5,336.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,436 shares of the company's stock after purchasing an additional 5,336 shares during the quarter. Trifecta Capital Advisors LLC's holdings in Spotify Technology were worth $4,171,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SPOT. Goldman Sachs Group Inc. grew its holdings in shares of Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company's stock worth $957,494,000 after purchasing an additional 1,601,653 shares during the last quarter. Jennison Associates LLC lifted its position in Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock worth $2,336,494,000 after buying an additional 1,262,614 shares in the last quarter. Nuveen LLC acquired a new position in Spotify Technology during the 1st quarter worth about $383,139,000. Axiom Investors LLC DE lifted its position in Spotify Technology by 216.8% during the 1st quarter. Axiom Investors LLC DE now owns 719,682 shares of the company's stock worth $395,847,000 after buying an additional 492,504 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Spotify Technology by 39.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company's stock worth $648,434,000 after buying an additional 336,162 shares in the last quarter. Institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Performance

NYSE SPOT opened at $674.91 on Thursday. The business has a 50 day simple moving average of $697.12 and a 200 day simple moving average of $666.06. Spotify Technology has a 52-week low of $364.26 and a 52-week high of $785.00. The stock has a market cap of $138.16 billion, a price-to-earnings ratio of 163.81, a PEG ratio of 3.22 and a beta of 1.67.

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

Analyst Upgrades and Downgrades

SPOT has been the topic of several research reports. Morgan Stanley reduced their price target 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Citigroup upped their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Sanford C. Bernstein upped their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Spotify Technology in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, Spotify Technology has a consensus rating of "Moderate Buy" and a consensus target price of $731.16.

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.

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