Lecap Asset Management Ltd. Has $449,000 Position in Spotify Technology $SPOT

Lecap Asset Management Ltd. lowered its holdings in Spotify Technology (NYSE:SPOT) by 51.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 585 shares of the company’s stock after selling 631 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Spotify Technology were worth $449,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in Spotify Technology by 156.3% in the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. Tsfg LLC acquired a new position in shares of Spotify Technology during the first quarter valued at $28,000. North Star Investment Management Corp. lifted its stake in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Spotify Technology during the first quarter valued at $34,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

SPOT has been the topic of several research reports. Evercore ISI upped their price target on Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, June 16th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Benchmark cut 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. Cantor Fitzgerald upped their price target on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company increased their target price on Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Trading Down 3.7%

NYSE:SPOT opened at $681.46 on Friday. Spotify Technology has a 1-year low of $362.31 and a 1-year high of $785.00. The business’s 50-day moving average price is $695.85 and its two-hundred day moving average price is $664.29. The firm has a market capitalization of $139.50 billion, a price-to-earnings ratio of 165.40, a PEG ratio of 3.35 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (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 business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm’s 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 predict 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.