Calamos Advisors LLC Increases Stock Holdings in Spotify Technology $SPOT

Calamos Advisors LLC increased its stake in shares of Spotify Technology (NYSE:SPOT) by 12.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,653 shares of the company’s stock after buying an additional 4,530 shares during the quarter. Calamos Advisors LLC’s holdings in Spotify Technology were worth $30,427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SPOT. Police & Firemen s Retirement System of New Jersey boosted its holdings in Spotify Technology by 1.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 48,857 shares of the company’s stock worth $37,490,000 after acquiring an additional 616 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Spotify Technology by 3.3% during the second quarter. Geode Capital Management LLC now owns 1,568,502 shares of the company’s stock valued at $1,192,730,000 after purchasing an additional 49,377 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Spotify Technology by 17.4% during the second quarter. PNC Financial Services Group Inc. now owns 20,756 shares of the company’s stock valued at $15,927,000 after purchasing an additional 3,082 shares in the last quarter. Comprehensive Financial Planning Inc. PA purchased a new position in Spotify Technology during the second quarter worth about $274,000. Finally, KBC Group NV grew its position in Spotify Technology by 13.1% in the 2nd quarter. KBC Group NV now owns 141,852 shares of the company’s stock worth $108,849,000 after purchasing an additional 16,382 shares in the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $647.14 on Thursday. The stock has a market capitalization of $133.24 billion, a PE ratio of 101.75, a P/E/G ratio of 2.11 and a beta of 1.67. Spotify Technology has a one year low of $443.21 and a one year high of $785.00. The business’s fifty day moving average price is $681.87 and its 200-day moving average price is $683.58.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter last year, the firm posted $1.45 EPS. The firm’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. As a group, equities analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Phillip Securities raised shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a research report on Monday. The Goldman Sachs Group lowered Spotify Technology from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $765.00 to $770.00 in a report on Tuesday, September 30th. Morgan Stanley cut 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. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, UBS Group lowered their target price 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 given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.