PDS Planning Inc Grows Stock Position in Spotify Technology $SPOT

PDS Planning Inc grew its holdings in shares of Spotify Technology (NYSE:SPOT) by 11.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,184 shares of the company’s stock after purchasing an additional 125 shares during the quarter. PDS Planning Inc’s holdings in Spotify Technology were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jennison Associates LLC increased its holdings in Spotify Technology by 42.3% in 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 in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Spotify Technology by 3.3% in 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 acquiring an additional 112,553 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Spotify Technology by 1,151.0% in 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 in the last quarter. Northern Trust Corp increased its holdings in Spotify Technology by 10.3% in the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock worth $866,012,000 after acquiring an additional 147,580 shares in the last quarter. Finally, Forsta AP Fonden increased its holdings in Spotify Technology by 12.6% in the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock worth $857,855,000 after acquiring an additional 174,700 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

SPOT stock opened at $685.66 on Friday. Spotify Technology has a 1-year low of $364.26 and a 1-year high of $785.00. The company has a market capitalization of $140.36 billion, a price-to-earnings ratio of 166.42, a PEG ratio of 3.19 and a beta of 1.67. The business has a 50 day simple moving average of $699.20 and a two-hundred day simple moving average of $667.01.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS 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 net margin of 4.76% and a return on equity of 13.67%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPOT has been the subject of several analyst reports. Barclays reduced their target price on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. UBS Group reduced their target price on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. KeyCorp reduced their target price on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Argus started coverage on Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 price target for the company. Finally, Morgan Stanley dropped their price target on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. One equities research 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 stock. Based on data from MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and a consensus target price of $731.16.

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.