Spotify Technology $SPOT Holdings Raised by Prudential PLC

Prudential PLC boosted its holdings in Spotify Technology (NYSE:SPOT) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,703 shares of the company’s stock after purchasing an additional 3,297 shares during the quarter. Prudential PLC’s holdings in Spotify Technology were worth $16,654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPOT. Sound Income Strategies LLC raised its stake in Spotify Technology by 156.3% during the second 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. GFG Capital LLC bought a new position in shares of Spotify Technology during the second quarter valued at approximately $33,000. Truvestments Capital LLC bought a new position in shares of Spotify Technology during the first quarter valued at approximately $34,000. Avion Wealth acquired a new stake in shares of Spotify Technology during the 2nd quarter worth approximately $38,000. Finally, SouthState Corp bought a new stake in shares of Spotify Technology in the 1st quarter worth approximately $39,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Stock Performance

SPOT opened at $618.89 on Thursday. The company has a market capitalization of $127.42 billion, a PE ratio of 97.31, a P/E/G ratio of 2.10 and a beta of 1.67. The stock’s fifty day moving average is $674.31 and its 200-day moving average is $684.58. Spotify Technology has a one year low of $443.21 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last released 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. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the company earned $1.45 earnings per share. Spotify Technology’s revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on SPOT. Wells Fargo & Company upped their price objective on Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Barclays lowered their price target on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Citigroup increased their price objective on Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group downgraded Spotify Technology from a “buy” rating to a “neutral” rating and lifted their target price for the company from $765.00 to $770.00 in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.