Acadian Asset Management LLC Has $784.87 Million Holdings in Spotify Technology $SPOT

Acadian Asset Management LLC lessened its stake in shares of Spotify Technology (NYSE:SPOT) by 1.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,427,094 shares of the company’s stock after selling 26,641 shares during the period. Spotify Technology makes up approximately 2.2% of Acadian Asset Management LLC’s holdings, making the stock its 5th largest holding. Acadian Asset Management LLC owned approximately 0.70% of Spotify Technology worth $784,870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hartford Investment Management Co. lifted its position in shares of Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after purchasing an additional 16 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of Spotify Technology by 3.7% during the first quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company’s stock worth $262,000 after purchasing an additional 17 shares during the last quarter. HM Payson & Co. lifted its position in shares of Spotify Technology by 39.1% during the first quarter. HM Payson & Co. now owns 64 shares of the company’s stock worth $35,000 after purchasing an additional 18 shares during the last quarter. Adero Partners LLC lifted its position in shares of Spotify Technology by 0.7% during the first quarter. Adero Partners LLC now owns 2,635 shares of the company’s stock worth $1,449,000 after purchasing an additional 19 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group decreased their target price on Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. The Goldman Sachs Group increased their price target on shares of Spotify Technology from $680.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Sanford C. Bernstein increased their price objective on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price objective on Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, Oppenheimer raised their target price on Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Twenty equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $721.07.

Spotify Technology Stock Up 0.2%

SPOT opened at $719.89 on Wednesday. The firm has a market cap of $147.37 billion, a price-to-earnings ratio of 174.73, a price-to-earnings-growth ratio of 3.09 and a beta of 1.71. Spotify Technology has a 52 week low of $324.16 and a 52 week high of $785.00. The business’s 50 day moving average is $694.75 and its two-hundred day moving average is $647.11.

Spotify Technology (NYSE:SPOT) last released its 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 net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal 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.