Voya Investment Management LLC Has $140.59 Million Position in Spotify Technology $SPOT

Voya Investment Management LLC cut its holdings in shares of Spotify Technology (NYSE:SPOT) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,725 shares of the company’s stock after selling 21,616 shares during the quarter. Voya Investment Management LLC’s holdings in Spotify Technology were worth $140,589,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPOT. Goldman Sachs Group Inc. increased its holdings in shares of 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 acquiring an additional 1,601,653 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of 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 acquiring an additional 1,262,614 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Spotify Technology by 75,856.5% during the 1st quarter. GAMMA Investing LLC now owns 717,789 shares of the company’s stock worth $394,805,000 after acquiring an additional 716,844 shares during the last quarter. Nuveen LLC acquired a new position in shares of Spotify Technology during the 1st quarter worth approximately $383,139,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Spotify Technology by 311.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 842,745 shares of the company’s stock worth $377,027,000 after acquiring an additional 638,047 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on SPOT shares. Evercore ISI boosted their price target on Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, June 16th. Sanford C. Bernstein boosted their price target on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Benchmark reduced their price target on Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 4th. Finally, Wells Fargo & Company boosted their price target on Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $721.07.

Spotify Technology Stock Performance

NYSE:SPOT opened at $696.91 on Friday. The stock has a fifty day moving average price of $693.51 and a 200-day moving average price of $648.87. The company has a market cap of $142.66 billion, a price-to-earnings ratio of 169.15, a PEG ratio of 2.97 and a beta of 1.71. Spotify Technology has a fifty-two week low of $337.15 and a fifty-two week high of $785.00.

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 company had revenue of $4.94 billion for 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%. The business’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal 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.