Spotify Technology $SPOT Shares Sold by Privium Fund Management B.V.

Privium Fund Management B.V. decreased its position in shares of Spotify Technology (NYSE:SPOT) by 21.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,000 shares of the company’s stock after selling 31,000 shares during the quarter. Spotify Technology accounts for about 18.3% of Privium Fund Management B.V.’s holdings, making the stock its biggest position. Privium Fund Management B.V.’s holdings in Spotify Technology were worth $84,822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPOT. Tsfg LLC purchased a new stake in Spotify Technology during the first quarter worth $28,000. Cornerstone Planning Group LLC raised its stake in shares of Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after buying an additional 41 shares during the last quarter. Sound Income Strategies LLC boosted its position 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 worth $31,000 after buying an additional 25 shares in the last quarter. GFG Capital LLC acquired a new stake in Spotify Technology in the 2nd quarter valued at about $33,000. Finally, Truvestments Capital LLC purchased a new position in Spotify Technology during the 1st quarter valued at about $34,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPOT. Benchmark reduced their price target on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft increased their target price on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. DZ Bank raised Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target for the company in a research report on Wednesday, July 30th. Finally, Argus assumed coverage on Spotify Technology in a research report on Monday, September 29th. They issued a “buy” rating and a $845.00 price objective on the stock. 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 company. According to MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Stock Performance

Shares of SPOT opened at $675.03 on Tuesday. Spotify Technology has a fifty-two week low of $376.00 and a fifty-two week high of $785.00. The company has a market capitalization of $138.19 billion, a PE ratio of 163.84, a price-to-earnings-growth ratio of 3.20 and a beta of 1.67. The stock has a fifty day moving average of $699.14 and a two-hundred day moving average of $673.60.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast 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.