Bailard Inc. Decreases Position in Spotify Technology $SPOT

Bailard Inc. reduced its position in Spotify Technology (NYSE:SPOT) by 16.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,934 shares of the company’s stock after selling 6,714 shares during the period. Bailard Inc.’s holdings in Spotify Technology were worth $26,039,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sapient Capital LLC purchased a new position in shares of Spotify Technology in the 2nd quarter worth $322,000. Swedbank AB lifted its holdings in Spotify Technology by 1.4% in the first quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after acquiring an additional 13,458 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of Spotify Technology by 110.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock valued at $2,990,000 after purchasing an additional 2,049 shares during the period. Harbor Investment Advisory LLC increased its position in shares of Spotify Technology by 36.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock valued at $1,576,000 after purchasing an additional 544 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Spotify Technology in the second quarter worth approximately $18,877,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. BNP Paribas Exane began coverage on Spotify Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target for the company. Morgan Stanley lowered their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Rosenblatt Securities decreased their target price on shares of Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Oppenheimer upped their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $729.94.

Spotify Technology Stock Up 2.7%

Spotify Technology stock opened at $640.05 on Wednesday. Spotify Technology has a 52-week low of $411.40 and a 52-week high of $785.00. The firm’s fifty day moving average is $682.87 and its 200 day moving average is $683.83. The company has a market cap of $131.78 billion, a price-to-earnings ratio of 100.64, a PEG ratio of 2.06 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last posted 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. 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 for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the business posted $1.45 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal 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.