Vanguard Personalized Indexing Management LLC Boosts Holdings in Spotify Technology $SPOT

Vanguard Personalized Indexing Management LLC boosted its position in shares of Spotify Technology (NYSE:SPOT) by 15.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,758 shares of the company’s stock after buying an additional 2,002 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Spotify Technology were worth $11,324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares during the period. GFG Capital LLC purchased a new stake in shares of Spotify Technology during the second quarter valued at $33,000. Cornerstone Planning Group LLC boosted its stake in shares of Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Tsfg LLC purchased a new stake in shares of Spotify Technology during the first quarter valued at $28,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BNP Paribas raised shares of Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Oppenheimer lifted their price objective on Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Morgan Stanley decreased their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, Sanford C. Bernstein lifted their price objective on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Spotify Technology currently has a consensus rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Stock Performance

Shares of Spotify Technology stock opened at $685.66 on Monday. The company has a market capitalization of $140.36 billion, a PE ratio of 166.42, a P/E/G ratio of 3.23 and a beta of 1.67. The company has a 50-day simple moving average of $699.20 and a two-hundred day simple moving average of $668.24. Spotify Technology has a one year low of $364.26 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last announced 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 during 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 business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Spotify Technology will post 10.3 earnings per share 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.