Slow Capital Inc. Purchases 246 Shares of Spotify Technology $SPOT

Slow Capital Inc. boosted its position in Spotify Technology (NYSE:SPOT) by 1.0% during the 2nd quarter, Holdings Channel reports. The fund owned 24,518 shares of the company’s stock after buying an additional 246 shares during the period. Spotify Technology makes up 2.3% of Slow Capital Inc.’s portfolio, making the stock its 10th largest holding. Slow Capital Inc.’s holdings in Spotify Technology were worth $18,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sapient Capital LLC bought a new position in shares of Spotify Technology in the 2nd quarter worth $322,000. Swedbank AB raised its holdings in Spotify Technology by 1.4% during the first quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after buying an additional 13,458 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in shares of Spotify Technology by 110.9% during the second quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock valued at $2,990,000 after buying an additional 2,049 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of Spotify Technology by 36.0% during the second quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock worth $1,576,000 after acquiring an additional 544 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock worth $1,486,000 after acquiring an additional 769 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Pivotal Research lifted their price target on Spotify Technology from $800.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, June 17th. Cantor Fitzgerald upped their price target on Spotify Technology from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. UBS Group lowered their price target 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. Phillip Securities raised shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Finally, Morgan Stanley reduced their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $680.28 on Tuesday. 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 $139.26 billion, a PE ratio of 165.12, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. The business has a fifty day moving average price of $695.42 and a two-hundred day moving average price of $665.91.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share 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 company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm posted $1.33 earnings per share. Spotify Technology’s quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Spotify Technology Company 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.