FNY Investment Advisers LLC Takes Position in Spotify Technology $SPOT

FNY Investment Advisers LLC purchased a new stake in Spotify Technology (NYSE:SPOT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,973 shares of the company’s stock, valued at approximately $1,513,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in Spotify Technology by 1,151.0% in the first 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 in the last quarter. Jennison Associates LLC lifted its holdings 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 during the last quarter. Nuveen LLC acquired a new position in shares of Spotify Technology in the 1st quarter worth approximately $383,139,000. Axiom Investors LLC DE increased its holdings in shares of Spotify Technology by 216.8% in the 1st quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock valued at $395,847,000 after acquiring an additional 492,504 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Spotify Technology by 39.9% in 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 valued at $648,434,000 after acquiring an additional 336,162 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPOT has been the subject of a number of research reports. BNP Paribas raised shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Phillip Securities upgraded shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Spotify Technology in a research report on Wednesday, October 8th. Bank of America increased their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Finally, Guggenheim restated a “buy” rating and issued a $850.00 target price on shares of Spotify Technology in a research note on Wednesday, September 3rd. One equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Trading Up 1.9%

NYSE SPOT opened at $688.54 on Wednesday. The company has a 50-day moving average price of $699.13 and a two-hundred day moving average price of $673.70. Spotify Technology has a 52 week low of $376.00 and a 52 week high of $785.00. The stock has a market cap of $140.95 billion, a price-to-earnings ratio of 167.12, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). The business had revenue of $4.94 billion during 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%.The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal 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.