Zevenbergen Capital Investments LLC Has $117.59 Million Holdings in Spotify Technology $SPOT

Key Points

• Zevenbergen Capital Investments LLC reduced its holdings in Spotify Technology by 4.0%, now owning 153,238 shares valued at approximately $117.59 million.
• Spotify reported a loss of ($0.42) earnings per share for the last quarter, missing expectations by $2.42, although revenue increased 10.1% year-over-year.
• A number of research firms have raised their price targets on Spotify, with an average consensus price target now at $721.07 and a rating of "Moderate Buy."

Zevenbergen Capital Investments LLC trimmed its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,238 shares of the company's stock after selling 6,459 shares during the period. Spotify Technology makes up 2.3% of Zevenbergen Capital Investments LLC's investment portfolio, making the stock its 14th largest holding. Zevenbergen Capital Investments LLC owned about 0.07% of Spotify Technology worth $117,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. boosted its holdings in shares of Spotify Technology by 36.3% during the 1st quarter. QRG Capital Management Inc. now owns 710 shares of the company's stock worth $391,000 after buying an additional 189 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Spotify Technology by 125.3% during the 1st quarter. Alliancebernstein L.P. now owns 239,644 shares of the company's stock worth $131,811,000 after buying an additional 133,283 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Spotify Technology by 38.1% during the 1st quarter. GAMMA Investing LLC now owns 1,305 shares of the company's stock worth $718,000 after buying an additional 360 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Spotify Technology by 16.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,543 shares of the company's stock worth $4,699,000 after buying an additional 1,179 shares in the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in shares of Spotify Technology by 34.8% during the 1st quarter. Plato Investment Management Ltd now owns 4,159 shares of the company's stock worth $2,312,000 after buying an additional 1,074 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Trading Up 1.0%

Shares of NYSE:SPOT opened at $696.91 on Friday. The stock's fifty day simple moving average is $693.51 and its two-hundred day simple moving average is $649.20. Spotify Technology has a 1-year low of $337.15 and a 1-year high of $785.00. The stock has a market cap of $142.66 billion, a PE ratio of 169.15, a price-to-earnings-growth ratio of 2.97 and a beta of 1.71.

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

Analysts Set New Price Targets

A number of research firms have issued reports on SPOT. Evercore ISI increased their price target on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a report on Monday, June 16th. JPMorgan Chase & Co. increased their target price on Spotify Technology from $730.00 to $780.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Pivotal Research increased their target price on Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Canaccord Genuity Group increased their target price on Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Bank of America increased their target price on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. Twenty research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology has an average rating of "Moderate Buy" and a consensus price target 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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