Aberdeen Group plc Raises Holdings in Spotify Technology $SPOT

Aberdeen Group plc lifted its holdings in shares of Spotify Technology (NYSE:SPOT) by 95.6% in the second quarter, HoldingsChannel reports. The firm owned 422,421 shares of the company’s stock after acquiring an additional 206,423 shares during the period. Spotify Technology makes up about 0.6% of Aberdeen Group plc’s portfolio, making the stock its 23rd biggest holding. Aberdeen Group plc’s holdings in Spotify Technology were worth $324,141,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tsfg LLC purchased a new position in shares of Spotify Technology during the 1st quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its stake in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after acquiring an additional 41 shares during the period. North Star Investment Management Corp. grew its stake in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the period. Sound Income Strategies LLC grew its stake in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after acquiring an additional 25 shares during the period. Finally, GFG Capital LLC purchased a new stake in Spotify Technology in the 2nd quarter worth approximately $33,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Stock Up 1.8%

Shares of NYSE SPOT opened at $685.66 on Friday. Spotify Technology has a 52-week low of $364.26 and a 52-week high of $785.00. The firm has a fifty day moving average of $699.20 and a 200-day moving average of $667.01. The stock has a market capitalization of $140.36 billion, a PE ratio of 166.42, a P/E/G ratio of 3.19 and a beta of 1.67.

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

Wall Street Analysts Forecast Growth

SPOT has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Benchmark lowered their target price on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Argus initiated coverage on shares of Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 target price for the company. Finally, KeyCorp lowered 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 note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and an average price target of $731.16.

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.