Universal Beteiligungs und Servicegesellschaft mbH Acquires 30,100 Shares of Spotify Technology $SPOT

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Spotify Technology (NYSE:SPOT) by 11.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 292,097 shares of the company’s stock after buying an additional 30,100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Spotify Technology worth $224,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SPOT. Goldman Sachs Group Inc. raised its holdings in shares of 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 buying an additional 1,601,653 shares during the last quarter. Nuveen LLC acquired a new position in shares of Spotify Technology in the 1st quarter valued at $383,139,000. Axiom Investors LLC DE increased its position 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 period. Bessemer Group Inc. raised its stake in Spotify Technology by 215.3% in the 2nd quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock worth $387,758,000 after acquiring an additional 345,048 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Spotify Technology by 39.9% during 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 worth $648,434,000 after acquiring an additional 336,162 shares during the period. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

SPOT opened at $634.57 on Friday. Spotify Technology has a one year low of $443.21 and a one year high of $785.00. The stock has a market capitalization of $130.65 billion, a P/E ratio of 99.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.67. The business’s 50-day simple moving average is $679.23 and its 200-day simple moving average is $684.31.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. Spotify Technology has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Rosenblatt Securities reduced their price objective on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of Spotify Technology in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Morgan Stanley reduced their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $758.86.

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.