Vaughan Nelson Investment Management L.P. Buys New Stake in Spotify Technology $SPOT

Vaughan Nelson Investment Management L.P. bought a new stake in shares of Spotify Technology (NYSE:SPOT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 273,010 shares of the company’s stock, valued at approximately $209,491,000. Spotify Technology comprises approximately 2.0% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 8th largest holding. Vaughan Nelson Investment Management L.P. owned 0.13% of Spotify Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Spotify Technology by 1,151.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after purchasing an additional 1,601,653 shares in the last quarter. Jennison Associates LLC increased its stake in Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock valued at $2,336,494,000 after purchasing an additional 1,262,614 shares in the last quarter. Nuveen LLC acquired a new position in Spotify Technology during the 1st quarter valued at approximately $383,139,000. Axiom Investors LLC DE increased its stake in 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Spotify Technology by 39.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock valued at $648,434,000 after purchasing an additional 336,162 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DZ Bank upgraded shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a research note on Wednesday, July 30th. Guggenheim restated a “buy” rating and set a $850.00 price target on shares of Spotify Technology in a research note on Wednesday, September 3rd. Cantor Fitzgerald increased their price objective on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Argus began coverage on shares of Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 price objective on the stock. Finally, KeyCorp cut 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 note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Stock Performance

Shares of NYSE SPOT opened at $681.46 on Friday. The company’s fifty day moving average price is $695.85 and its 200 day moving average price is $664.29. Spotify Technology has a 1 year low of $362.31 and a 1 year high of $785.00. The company has a market capitalization of $139.50 billion, a PE ratio of 165.40, a price-to-earnings-growth ratio of 3.35 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Spotify Technology will post 10.3 EPS for the current 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.