William Blair Investment Management LLC Has $285.29 Million Position in Spotify Technology $SPOT

Key Points

• William Blair Investment Management LLC reduced its stake in Spotify Technology by 13.6% during the second quarter, now holding 371,786 shares valued at approximately $285 million.
• Analysts have updated their price targets for Spotify, with Bank of America raising its target from $700 to $900, reflecting a positive outlook on the stock.
• Spotify reported total revenue of $4.94 billion for the latest quarter, exceeding estimates, despite a loss of ($0.42) EPS, which was below expected earnings.

William Blair Investment Management LLC reduced its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 371,786 shares of the company's stock after selling 58,612 shares during the quarter. Spotify Technology comprises 0.8% of William Blair Investment Management LLC's portfolio, making the stock its 24th biggest position. William Blair Investment Management LLC owned 0.18% of Spotify Technology worth $285,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Stratos Wealth Partners LTD. grew its position in shares of Spotify Technology by 18.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 1,840 shares of the company's stock worth $1,412,000 after buying an additional 288 shares during the period. Angeles Wealth Management LLC acquired a new position in shares of Spotify Technology during the 2nd quarter worth about $223,000. Nordea Investment Management AB grew its position in shares of Spotify Technology by 17.1% during the 2nd quarter. Nordea Investment Management AB now owns 193,180 shares of the company's stock worth $146,946,000 after buying an additional 28,277 shares during the period. TFC Financial Management Inc. grew its position in shares of Spotify Technology by 10,500.0% during the 2nd quarter. TFC Financial Management Inc. now owns 106 shares of the company's stock worth $81,000 after buying an additional 105 shares during the period. Finally, Werba Rubin Papier Wealth Management acquired a new position in shares of Spotify Technology during the 2nd quarter worth about $304,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPOT shares. UBS Group decreased their target price on Spotify Technology from $895.00 to $850.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their target price on Spotify Technology from $740.00 to $805.00 and gave the stock an "overweight" rating in a research report on Monday, September 29th. Bank of America boosted their target price on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Canaccord Genuity Group boosted their price objective on Spotify Technology from $775.00 to $850.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $731.16.

Spotify Technology Stock Performance

NYSE SPOT opened at $671.04 on Friday. The stock has a market capitalization of $137.37 billion, a price-to-earnings ratio of 162.87, a PEG ratio of 3.17 and a beta of 1.67. The stock's 50 day moving average price is $699.44 and its two-hundred day moving average price is $670.87. Spotify Technology has a 52 week low of $369.42 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 the consensus estimate of $2.00 by ($2.42). The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

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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