SBI Securities Co. Ltd. Increases Stock Position in Spotify Technology $SPOT

SBI Securities Co. Ltd. grew its stake in Spotify Technology (NYSE:SPOT) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,890 shares of the company’s stock after buying an additional 188 shares during the period. SBI Securities Co. Ltd.’s holdings in Spotify Technology were worth $2,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPOT. Goldman Sachs Group Inc. grew its position in Spotify Technology by 1,151.0% in the first 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. Jennison Associates LLC lifted its stake in Spotify Technology by 42.3% during the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares during the last quarter. Nuveen LLC purchased a new position in shares of Spotify Technology in the 1st quarter worth about $383,139,000. Axiom Investors LLC DE increased its position in shares of Spotify Technology by 216.8% during the 1st quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock valued at $395,847,000 after purchasing an additional 492,504 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Spotify Technology by 215.3% during the 2nd quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock valued at $387,758,000 after purchasing an additional 345,048 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 1.2%

Spotify Technology stock opened at $647.14 on Thursday. The firm has a market cap of $133.24 billion, a P/E ratio of 101.75, a P/E/G ratio of 2.11 and a beta of 1.67. Spotify Technology has a 1-year low of $443.21 and a 1-year high of $785.00. The firm has a 50-day moving average of $681.87 and a 200-day moving average of $683.58.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.Spotify Technology’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. Research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Argus assumed coverage on Spotify Technology in a research report on Monday, September 29th. They issued a “buy” rating and a $845.00 target price for the company. Morgan Stanley decreased their price target on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Spotify Technology in a report on Wednesday, October 8th. Pivotal Research decreased their target price on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Phillip Securities raised shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $758.86.

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.