DekaBank Deutsche Girozentrale Raises Stock Holdings in Spotify Technology $SPOT

DekaBank Deutsche Girozentrale increased its stake in Spotify Technology (NYSE:SPOTFree Report) by 9.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,077 shares of the company’s stock after purchasing an additional 5,394 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Spotify Technology were worth $47,622,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SPOT. GAMMA Investing LLC increased its holdings in shares of Spotify Technology by 38.1% in the 1st quarter. GAMMA Investing LLC now owns 1,305 shares of the company’s stock worth $718,000 after buying an additional 360 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Spotify Technology by 16.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,543 shares of the company’s stock worth $4,699,000 after acquiring an additional 1,179 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Spotify Technology by 7.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,864 shares of the company’s stock worth $4,325,000 after acquiring an additional 543 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Spotify Technology by 523.7% in the first quarter. Oppenheimer & Co. Inc. now owns 2,863 shares of the company’s stock valued at $1,575,000 after acquiring an additional 2,404 shares during the last quarter. Finally, Consolidated Portfolio Review Corp purchased a new stake in Spotify Technology during the first quarter valued at about $2,010,000. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Price Performance

SPOT opened at $688.54 on Wednesday. Spotify Technology has a one year low of $376.00 and a one year high of $785.00. The business has a 50 day simple moving average of $699.13 and a two-hundred day simple moving average of $673.70. The firm has a market capitalization of $140.95 billion, a price-to-earnings ratio of 167.12, a PEG ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOTGet Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). The business had revenue of $4.94 billion for 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%. Spotify Technology’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPOT has been the subject of a number of research reports. Guggenheim reiterated a “buy” rating and issued a $850.00 price objective on shares of Spotify Technology in a report on Wednesday, September 3rd. Barclays reduced their price target on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Bank of America boosted their price target on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Spotify Technology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $731.16.

Get Our Latest Research Report on Spotify Technology

Spotify Technology Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SPOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology (NYSE:SPOTFree Report).

Institutional Ownership by Quarter for Spotify Technology (NYSE:SPOT)

Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.