Spotify Technology $SPOT Shares Acquired by Swiss National Bank

Swiss National Bank lifted its stake in shares of Spotify Technology (NYSE:SPOT) by 12.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 484,100 shares of the company’s stock after purchasing an additional 53,800 shares during the quarter. Swiss National Bank’s holdings in Spotify Technology were worth $371,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Joel Isaacson & Co. LLC raised its stake in Spotify Technology by 1.0% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after acquiring an additional 15 shares during the last quarter. Ignite Planners LLC grew its stake in Spotify Technology by 2.4% during the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after purchasing an additional 15 shares during the last quarter. Hartford Investment Management Co. increased its holdings in shares of Spotify Technology by 1.1% in the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after purchasing an additional 16 shares during the period. Stonekeep Investments LLC raised its stake in shares of Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after purchasing an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its holdings in shares of Spotify Technology by 0.5% during the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after purchasing an additional 16 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Price Performance

SPOT opened at $590.68 on Friday. The firm has a fifty day moving average price of $672.31 and a 200 day moving average price of $683.93. Spotify Technology has a 1 year low of $443.21 and a 1 year high of $785.00. The stock has a market cap of $121.62 billion, a P/E ratio of 92.87, a P/E/G ratio of 2.04 and a beta of 1.67.

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

Wall Street Analyst Weigh In

SPOT has been the topic of several research reports. UBS Group cut their price target on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price objective on shares of Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a report on Monday, September 29th. The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and raised their target price for the stock from $765.00 to $770.00 in a report on Tuesday, September 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 report on Wednesday, July 30th. Finally, BNP Paribas raised shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $758.86.

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.