Knights of Columbus Asset Advisors LLC Has $2.30 Million Holdings in Spotify Technology $SPOT

Knights of Columbus Asset Advisors LLC increased its holdings in shares of Spotify Technology (NYSE:SPOT) by 51.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,003 shares of the company’s stock after buying an additional 1,022 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Spotify Technology were worth $2,304,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Jennison Associates LLC raised its stake in Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after buying an additional 1,262,614 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Spotify Technology by 3.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock worth $1,939,949,000 after buying an additional 112,553 shares during the period. Goldman Sachs Group Inc. raised its stake in Spotify Technology by 1,151.0% during the 1st 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 period. Northern Trust Corp raised its stake in shares of Spotify Technology by 10.3% in the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock valued at $866,012,000 after purchasing an additional 147,580 shares during the period. Finally, Forsta AP Fonden raised its stake in shares of Spotify Technology by 12.6% in the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock valued at $857,855,000 after purchasing an additional 174,700 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SPOT. Canaccord Genuity Group lifted their price target on Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group downgraded Spotify Technology from a “buy” rating to a “neutral” rating and lifted their price target for the company from $765.00 to $770.00 in a research note on Tuesday, September 30th. KeyCorp dropped their price target on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. BNP Paribas Exane began coverage on Spotify Technology in a research note on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 price target on the stock. Finally, Cantor Fitzgerald lifted their price target on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $680.28 on Tuesday. The stock has a market capitalization of $139.26 billion, a price-to-earnings ratio of 165.12, a PEG ratio of 3.22 and a beta of 1.67. The business has a 50-day moving average of $695.42 and a 200-day moving average of $665.91. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Spotify Technology will post 10.3 EPS for the current 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.