Flossbach Von Storch SE Grows Stock Holdings in Spotify Technology $SPOT

Flossbach Von Storch SE boosted its stake in shares of Spotify Technology (NYSE:SPOT) by 1,287.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,134 shares of the company’s stock after purchasing 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 reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPOT. Joel Isaacson & Co. LLC grew its holdings in shares of 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 period. Ignite Planners LLC boosted its position in Spotify Technology by 2.4% during the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock worth $489,000 after purchasing an additional 15 shares in the last quarter. Hartford Investment Management Co. grew its holdings in 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 last quarter. Stonekeep Investments LLC grew its holdings in Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock valued at $593,000 after purchasing an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock valued at $2,249,000 after buying an additional 16 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Stock Performance

Shares of NYSE SPOT opened at $617.16 on Friday. The firm has a market cap of $127.07 billion, a P/E ratio of 97.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.67. Spotify Technology has a 1 year low of $397.33 and a 1 year high of $785.00. The firm’s 50 day moving average price is $685.11 and its 200 day moving average price is $682.94.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SPOT shares. KeyCorp decreased their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Morgan Stanley reduced their price target on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. DZ Bank upgraded shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Oppenheimer increased their target price on Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $729.94.

About Spotify Technology

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.