Flossbach Von Storch SE Boosts Holdings in Spotify Technology $SPOT

Flossbach Von Storch SE increased its stake in shares of Spotify Technology (NYSE:SPOT) by 1,287.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,134 shares of the company’s stock after acquiring an additional 4,764 shares during the quarter. Flossbach Von Storch SE’s holdings in Spotify Technology were worth $3,940,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPOT. Sound Income Strategies LLC lifted its holdings in shares of Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after purchasing an additional 25 shares during the last quarter. GFG Capital LLC purchased a new position in Spotify Technology during the 2nd quarter worth approximately $33,000. Avion Wealth acquired a new position in Spotify Technology during the second quarter worth approximately $38,000. Truvestments Capital LLC purchased a new stake in Spotify Technology in the first quarter valued at approximately $34,000. Finally, Putney Financial Group LLC boosted its holdings in shares of Spotify Technology by 244.4% in the second quarter. Putney Financial Group LLC now owns 62 shares of the company’s stock valued at $48,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SPOT shares. Cantor Fitzgerald lifted their target price on shares of Spotify Technology from $640.00 to $675.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group dropped their price objective on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. KeyCorp decreased their target price on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Pivotal Research lowered their price target on Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Spotify Technology in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $729.94.

Spotify Technology Stock Down 0.2%

NYSE SPOT opened at $617.16 on Friday. The stock has a market capitalization of $127.07 billion, a P/E ratio of 97.04, a P/E/G ratio of 2.49 and a beta of 1.67. Spotify Technology has a 52-week low of $397.33 and a 52-week high of $785.00. The firm has a 50-day moving average price of $685.11 and a 200 day moving average price of $682.94.

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

Spotify Technology Company 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.