UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Position in Spotify Technology $SPOT

Key Points

• UBS Asset Management raised its stake in Spotify Technology by 39.9% during the first quarter, owning approximately 1.18 million shares valued at $648.4 million.
• Spotify recently reported a quarterly revenue of $4.94 billion, exceeding expectations, but missed EPS estimates with a loss of $0.42.
• Analysts have mixed views on Spotify's stock, with twenty ratings indicating a Buy, yet a recent target price reduction by Barclays to $750.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 39.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,178,907 shares of the company's stock after acquiring an additional 336,162 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.58% of Spotify Technology worth $648,434,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in Spotify Technology in the 4th quarter worth about $26,000. Tsfg LLC purchased a new position in shares of Spotify Technology during the first quarter worth approximately $28,000. Copia Wealth Management purchased a new position in Spotify Technology during the fourth quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its holdings in Spotify Technology by 512.5% during the first 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. Finally, North Star Investment Management Corp. increased 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 acquiring an additional 19 shares during the period. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology Stock Up 0.2%

SPOT stock opened at $719.89 on Wednesday. The stock has a market capitalization of $147.37 billion, a P/E ratio of 174.73, a P/E/G ratio of 3.09 and a beta of 1.71. The firm has a 50-day simple moving average of $694.75 and a 200-day simple moving average of $647.11. Spotify Technology has a 52 week low of $324.16 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its 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 company had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the firm earned $1.33 EPS. The firm's revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. On average, analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays cut their price target on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. UBS Group lowered their price objective on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Pivotal Research lifted their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, Benchmark lowered their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.

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