Spotify Technology $SPOT Stock Holdings Trimmed by Jag Capital Management LLC

Jag Capital Management LLC trimmed its holdings in Spotify Technology (NYSE:SPOT) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,361 shares of the company’s stock after selling 22 shares during the quarter. Spotify Technology comprises approximately 3.0% of Jag Capital Management LLC’s portfolio, making the stock its 8th largest holding. Jag Capital Management LLC’s holdings in Spotify Technology were worth $27,134,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sapient Capital LLC purchased a new position in Spotify Technology in the 2nd quarter worth approximately $322,000. Swedbank AB lifted its stake in Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after purchasing an additional 13,458 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in Spotify Technology by 110.9% in the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after purchasing an additional 2,049 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Spotify Technology by 36.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock worth $1,576,000 after purchasing an additional 544 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock worth $1,486,000 after purchasing an additional 769 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPOT has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Spotify Technology in a research note on Wednesday, October 8th. Citigroup raised their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Phillip Securities upgraded shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, KeyCorp cut their price target on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $691.38 on Tuesday. The company has a 50 day simple moving average of $699.82 and a 200-day simple moving average of $669.16. The company has a market capitalization of $141.53 billion, a P/E ratio of 167.81, a P/E/G ratio of 3.23 and a beta of 1.67. Spotify Technology has a 1 year low of $364.26 and a 1 year high of $785.00.

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

About Spotify Technology

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.