Raiffeisen Bank International AG Increases Holdings in Spotify Technology $SPOT

Raiffeisen Bank International AG boosted its stake in Spotify Technology (NYSE:SPOT) by 158.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,894 shares of the company’s stock after acquiring an additional 42,879 shares during the period. Raiffeisen Bank International AG’s holdings in Spotify Technology were worth $51,469,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Joel Isaacson & Co. LLC raised its holdings in shares of Spotify Technology by 1.0% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after purchasing an additional 15 shares during the period. Ignite Planners LLC increased its position in Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock worth $489,000 after buying an additional 15 shares during the last quarter. Hartford Investment Management Co. raised its stake in shares of Spotify Technology by 1.1% in the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after buying an additional 16 shares during the period. Stonekeep Investments LLC raised its stake in shares of Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock valued at $593,000 after buying an additional 16 shares during the period. Finally, Moody National Bank Trust Division grew its stake in shares of Spotify Technology by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after acquiring an additional 16 shares during the period. 84.09% of the stock is owned by institutional investors.

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $634.57 on Monday. The firm has a fifty day moving average price of $679.23 and a two-hundred day moving average price of $684.80. The company has a market cap of $130.65 billion, a price-to-earnings ratio of 99.78, a PEG ratio of 2.10 and a beta of 1.67. Spotify Technology has a one year low of $443.21 and a one year high of $785.00.

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

Analysts Set New Price Targets

SPOT has been the topic of a number of research reports. The Goldman Sachs Group cut Spotify Technology from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $765.00 to $770.00 in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Pivotal Research reduced their price objective on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. DZ Bank raised Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, UBS Group decreased their price objective on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $758.86.

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.