Groupama Asset Managment Invests $200,000 in Spotify Technology $SPOT

Groupama Asset Managment bought a new stake in Spotify Technology (NYSE:SPOT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 259 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors have also recently bought and sold shares of SPOT. Joel Isaacson & Co. LLC raised its holdings in shares of Spotify Technology by 1.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after purchasing an additional 15 shares during the last quarter. Ignite Planners LLC grew its position in Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after purchasing an additional 15 shares in the last quarter. Hartford Investment Management Co. increased its stake in Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after buying an additional 16 shares during the last quarter. Stonekeep Investments LLC lifted its position in Spotify Technology by 2.1% during the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after buying an additional 16 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of Spotify Technology by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after buying an additional 16 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

SPOT stock opened at $599.11 on Monday. Spotify Technology has a one year low of $443.21 and a one year high of $785.00. The stock has a market cap of $123.35 billion, a price-to-earnings ratio of 94.20, a price-to-earnings-growth ratio of 1.98 and a beta of 1.66. The company has a fifty day moving average price of $657.55 and a two-hundred day moving average price of $682.57.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. Spotify Technology’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. Research analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SPOT shares. Benchmark upped their target price on Spotify Technology from $800.00 to $860.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 10th. Cantor Fitzgerald raised their target price on shares of Spotify Technology from $640.00 to $675.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wall Street Zen upgraded shares of Spotify Technology from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $758.86.

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.