Vanguard Personalized Indexing Management LLC Acquires 2,002 Shares of Spotify Technology $SPOT

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Spotify Technology by 15.7% in the second quarter, acquiring an additional 2,002 shares, bringing its total holdings to 14,758 shares worth approximately $11.3 million.
• Spotify reported a loss of ($0.42) earnings per share for the last quarter, missing estimates significantly, though it achieved a revenue of $4.94 billion, surpassing expectations of $4.29 billion.
• Research analysts have a consensus target price of $731.16 for Spotify shares, with a majority rating the stock as a "Moderate Buy" or better.

Vanguard Personalized Indexing Management LLC lifted its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 15.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,758 shares of the company's stock after purchasing an additional 2,002 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Spotify Technology were worth $11,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its stake in Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock worth $31,000 after acquiring an additional 25 shares during the period. GFG Capital LLC bought a new stake in Spotify Technology during the 2nd quarter worth approximately $33,000. Cornerstone Planning Group LLC raised its stake in Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after acquiring an additional 41 shares during the period. Tsfg LLC bought a new stake in Spotify Technology during the 1st quarter worth approximately $28,000. Finally, North Star Investment Management Corp. raised its stake in Spotify Technology by 52.8% during the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after acquiring an additional 19 shares during the period. Institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Performance

Shares of SPOT opened at $685.66 on Monday. The company's fifty day moving average is $699.20 and its 200 day moving average is $668.24. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00. The stock has a market capitalization of $140.36 billion, a PE ratio of 166.42, a P/E/G ratio of 3.23 and a beta of 1.67.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced 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). 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 during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. The company'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. As a group, research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SPOT. KeyCorp decreased their target price on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Evercore ISI lifted their price objective on shares of Spotify Technology from $650.00 to $750.00 and gave the company an "outperform" rating in a research report on Monday, June 16th. Wells Fargo & Company lifted their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Pivotal Research lifted their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Finally, BNP Paribas Exane initiated coverage on shares of Spotify Technology in a research report on Tuesday, September 16th. They set an "outperform" rating and a $900.00 price objective on the stock. One investment 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $731.16.

Spotify Technology 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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