Spotify Technology $SPOT Stock Position Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in Spotify Technology (NYSE:SPOT) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,915 shares of the company’s stock after acquiring an additional 2,874 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Spotify Technology were worth $39,069,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Citigroup Inc. lifted its stake in Spotify Technology by 34.1% during the second quarter. Citigroup Inc. now owns 296,886 shares of the company’s stock worth $227,813,000 after purchasing an additional 75,442 shares during the last quarter. Raiffeisen Bank International AG raised its holdings in shares of Spotify Technology by 158.7% during the second quarter. Raiffeisen Bank International AG now owns 69,894 shares of the company’s stock worth $51,469,000 after purchasing an additional 42,879 shares during the period. Symphony Financial Ltd. Co. bought a new position in shares of Spotify Technology in the 2nd quarter worth about $150,816,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Spotify Technology by 11.5% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 292,097 shares of the company’s stock valued at $224,138,000 after buying an additional 30,100 shares during the period. Finally, Westpac Banking Corp boosted its holdings in shares of Spotify Technology by 20.7% in the 2nd quarter. Westpac Banking Corp now owns 257 shares of the company’s stock valued at $197,000 after buying an additional 44 shares during the period. 84.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SPOT shares. 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. Wells Fargo & Company increased their price target on Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Argus began coverage on Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spotify Technology in a research report on Thursday. Finally, Morgan Stanley cut their target price on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and an average target price of $758.86.

Spotify Technology Price Performance

SPOT opened at $640.87 on Tuesday. The stock’s 50 day moving average price is $677.67 and its 200 day moving average price is $685.08. The stock has a market cap of $131.95 billion, a P/E ratio of 100.77, a P/E/G ratio of 2.10 and a beta of 1.67. Spotify Technology has a 12 month low of $443.21 and a 12 month high of $785.00.

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