Spotify Technology $SPOT Shares Bought by Sava Infond d.o.o.

Sava Infond d.o.o. raised its position in Spotify Technology (NYSE:SPOT) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 480 shares of the company’s stock after acquiring an additional 40 shares during the period. Sava Infond d.o.o.’s holdings in Spotify Technology were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in Spotify Technology by 42.3% in the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock valued at $2,336,494,000 after acquiring an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Spotify Technology by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock valued at $1,939,949,000 after acquiring an additional 112,553 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Spotify Technology by 1,151.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after acquiring an additional 1,601,653 shares in the last quarter. Northern Trust Corp boosted its stake in Spotify Technology by 10.3% in the first quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock valued at $866,012,000 after acquiring an additional 147,580 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in Spotify Technology by 12.6% in the first quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock valued at $857,855,000 after acquiring an additional 174,700 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPOT shares. Wells Fargo & Company lifted their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Citigroup lifted their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. UBS Group lowered their price objective on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. BNP Paribas Exane started coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price objective for the company. Finally, Pivotal Research lifted their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Price Performance

NYSE SPOT opened at $681.46 on Friday. The company has a market capitalization of $139.50 billion, a PE ratio of 165.40, a P/E/G ratio of 3.35 and a beta of 1.67. The company has a fifty day moving average of $695.85 and a 200 day moving average of $664.29. Spotify Technology has a 1 year low of $362.31 and a 1 year high of $785.00.

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