AustralianSuper Pty Ltd Has $83.62 Million Stock Position in Spotify Technology $SPOT

AustralianSuper Pty Ltd grew its position in shares of Spotify Technology (NYSE:SPOT) by 213.7% in the second quarter, HoldingsChannel reports. The fund owned 108,978 shares of the company’s stock after acquiring an additional 74,242 shares during the period. AustralianSuper Pty Ltd’s holdings in Spotify Technology were worth $83,623,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SPOT. Tsfg LLC acquired a new position in Spotify Technology during the 1st quarter worth approximately $28,000. Cornerstone Planning Group LLC boosted its position 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 last quarter. Sound Income Strategies LLC boosted its position 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 last quarter. GFG Capital LLC bought a new stake in shares of Spotify Technology during the 2nd quarter worth approximately $33,000. Finally, Truvestments Capital LLC bought a new stake in shares of Spotify Technology during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Trading Down 4.3%

SPOT opened at $645.22 on Monday. Spotify Technology has a 1-year low of $376.00 and a 1-year high of $785.00. The stock’s fifty day simple moving average is $696.53 and its 200 day simple moving average is $677.57. The stock has a market cap of $132.08 billion, a PE ratio of 156.61, a price-to-earnings-growth ratio of 3.08 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 4.76% and a return on equity of 13.67%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

SPOT has been the topic of a number of analyst reports. Sanford C. Bernstein upped their price objective on Spotify Technology from $825.00 to $840.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. The Goldman Sachs Group cut Spotify Technology from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $765.00 to $770.00 in a research note on Tuesday, September 30th. Oppenheimer upped their price objective on Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Morgan Stanley dropped their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group upped their price objective on Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. One investment 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.