Spotify Technology $SPOT Shares Sold by Steadview Capital Management LLC

Steadview Capital Management LLC trimmed its holdings in shares of Spotify Technology (NYSE:SPOT) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,550 shares of the company’s stock after selling 3,550 shares during the quarter. Spotify Technology accounts for about 6.5% of Steadview Capital Management LLC’s portfolio, making the stock its 6th largest position. Steadview Capital Management LLC’s holdings in Spotify Technology were worth $44,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPOT. Sound Income Strategies LLC increased its holdings in shares of Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after acquiring an additional 25 shares in the last quarter. GFG Capital LLC purchased a new stake in Spotify Technology during the 2nd quarter worth approximately $33,000. Truvestments Capital LLC purchased a new stake in Spotify Technology during the 1st quarter worth approximately $34,000. Avion Wealth acquired a new position in Spotify Technology during the 2nd quarter valued at approximately $38,000. Finally, SouthState Corp purchased a new position in shares of Spotify Technology in the first quarter worth $39,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of Spotify Technology from $640.00 to $675.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price target on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. The Goldman Sachs Group lowered Spotify Technology from a “buy” rating to a “neutral” rating and increased their price objective for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Finally, Barclays cut their price target on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $758.86.

Spotify Technology Stock Down 0.5%

Spotify Technology stock opened at $637.37 on Wednesday. The business’s 50-day moving average price is $676.02 and its 200 day moving average price is $685.04. The firm has a market cap of $131.23 billion, a price-to-earnings ratio of 100.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.67. Spotify Technology has a 52 week low of $443.21 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.Spotify Technology’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. Spotify Technology has set its Q4 2025 guidance at EPS. Equities analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology Profile

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.