Spotify Technology $SPOT Shares Sold by Samlyn Capital LLC

Samlyn Capital LLC cut its position in Spotify Technology (NYSE:SPOT) by 74.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,772 shares of the company’s stock after selling 144,004 shares during the period. Samlyn Capital LLC’s holdings in Spotify Technology were worth $26,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Hartford Investment Management Co. boosted its stake in shares of Spotify Technology by 1.1% in the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after acquiring an additional 16 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in 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 buying an additional 17 shares in the last quarter. HM Payson & Co. lifted its position in 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 buying an additional 18 shares in the last quarter. Adero Partners LLC lifted its position in 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 buying an additional 19 shares in the last quarter. Finally, North Star Investment Management Corp. lifted its position in 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 buying an additional 19 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Stock Up 0.6%

NYSE: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 company has a market capitalization 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. The stock’s fifty day moving average is $695.80 and its two-hundred day moving average is $645.73.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) 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 business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. Spotify Technology’s revenue for the quarter 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 fiscal year.

Analyst Ratings Changes

SPOT has been the topic of a number of analyst reports. UBS Group reduced their price objective on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Pivotal Research lifted 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. DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price objective on the stock in a research report on Wednesday, July 30th. Guggenheim reiterated a “buy” rating and set a $850.00 price objective on shares of Spotify Technology in a research report on Wednesday. Finally, Bank of America lifted their price objective on Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, June 26th. Twenty analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus price target 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.