Parkwood LLC Boosts Stock Position in Spotify Technology $SPOT

Parkwood LLC grew its stake in Spotify Technology (NYSE:SPOT) by 23.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,655 shares of the company’s stock after purchasing an additional 5,185 shares during the period. Parkwood LLC’s holdings in Spotify Technology were worth $15,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in Spotify Technology by 512.5% in the first 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. Tsfg LLC purchased a new position in Spotify Technology in the first quarter worth approximately $28,000. North Star Investment Management Corp. grew its position in Spotify Technology by 52.8% in the first 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. Mpwm Advisory Solutions LLC purchased a new position in Spotify Technology in the fourth quarter worth approximately $26,000. Finally, Truvestments Capital LLC purchased a new position in Spotify Technology in the first quarter worth approximately $34,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology Stock Up 0.6%

SPOT opened at $707.72 on Friday. Spotify Technology has a 52 week low of $319.07 and a 52 week high of $785.00. The business has a fifty day simple moving average of $695.80 and a 200-day simple moving average of $645.73. The firm has a market cap of $144.88 billion, a P/E ratio of 171.78, a P/E/G ratio of 3.03 and a beta of 1.71.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Pivotal Research increased their price objective on Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Morgan Stanley lowered their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Benchmark decreased their price target on Spotify Technology from $840.00 to $800.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Finally, Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 4th. Twenty analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $720.07.

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.