University of Texas Texas AM Investment Management Co. Has $31,000 Position in Spotify Technology $SPOT

University of Texas Texas AM Investment Management Co. trimmed its position in shares of Spotify Technology (NYSE:SPOT) by 92.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 40 shares of the company’s stock after selling 503 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Spotify Technology were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Joel Isaacson & Co. LLC lifted its position in Spotify Technology by 1.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after purchasing an additional 15 shares during the period. Ignite Planners LLC lifted its holdings in shares of Spotify Technology by 2.4% during the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company’s stock worth $489,000 after acquiring an additional 15 shares during the period. Hartford Investment Management Co. boosted its position in shares of Spotify Technology by 1.1% during the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after acquiring an additional 16 shares in the last quarter. Stonekeep Investments LLC increased its stake in Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock valued at $593,000 after acquiring an additional 16 shares during the period. Finally, Moody National Bank Trust Division raised its position in Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SPOT shares. BNP Paribas Exane initiated coverage on Spotify Technology in a report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 target price for the company. Canaccord Genuity Group increased their price objective on Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Barclays reduced their target price on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft increased 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. Finally, Oppenheimer boosted their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Trading Down 4.3%

SPOT opened at $645.22 on Friday. Spotify Technology has a 1-year low of $376.00 and a 1-year high of $785.00. The stock has a market capitalization of $132.08 billion, a PE ratio of 156.61, a PEG ratio of 3.08 and a beta of 1.67. The firm has a 50-day moving average price of $696.53 and a two-hundred day moving average price of $676.82.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts predict 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.