Zurich Insurance Group Ltd FI Has $68.98 Million Stock Position in Spotify Technology $SPOT

Zurich Insurance Group Ltd FI raised its position in shares of Spotify Technology (NYSE:SPOT) by 62.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 125,485 shares of the company’s stock after purchasing an additional 48,083 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Spotify Technology were worth $68,984,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its stake in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Tsfg LLC acquired a new position in Spotify Technology in the first quarter valued at $28,000. North Star Investment Management Corp. boosted its position in Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Spotify Technology during the fourth quarter valued at $26,000. Finally, Truvestments Capital LLC acquired a new stake in Spotify Technology during the 1st quarter worth about $34,000. Institutional investors own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPOT. Canaccord Genuity Group boosted their price objective on Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Cantor Fitzgerald increased their price target on Spotify Technology from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. Guggenheim reaffirmed a “buy” rating and set a $850.00 price objective on shares of Spotify Technology in a research report on Wednesday, September 3rd. Finally, Rosenblatt Securities cut their target price on shares of Spotify Technology from $703.00 to $679.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $720.07.

Spotify Technology Trading Up 1.6%

NYSE SPOT opened at $718.69 on Tuesday. The company has a market cap of $147.12 billion, a P/E ratio of 174.44, a PEG ratio of 3.04 and a beta of 1.71. The company has a fifty day simple moving average of $694.82 and a 200 day simple moving average of $646.60. Spotify Technology has a 12-month low of $322.35 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share 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 the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Spotify Technology will post 10.3 EPS for the current year.

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.