Interchange Capital Partners LLC Sells 424 Shares of Spotify Technology $SPOT

Interchange Capital Partners LLC lowered its stake in shares of Spotify Technology (NYSE:SPOT) by 71.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166 shares of the company’s stock after selling 424 shares during the quarter. Interchange Capital Partners LLC’s holdings in Spotify Technology were worth $127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC grew its stake in Spotify Technology by 42.3% in the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock valued at $2,336,494,000 after purchasing an additional 1,262,614 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Spotify Technology by 3.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock valued at $1,939,949,000 after purchasing an additional 112,553 shares during the period. Goldman Sachs Group Inc. grew its stake in Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after purchasing an additional 1,601,653 shares during the period. Northern Trust Corp grew its stake in Spotify Technology by 10.3% in the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock valued at $866,012,000 after purchasing an additional 147,580 shares during the period. Finally, Forsta AP Fonden grew its stake in Spotify Technology by 12.6% in the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock valued at $857,855,000 after purchasing an additional 174,700 shares during the period. Institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

SPOT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Pivotal Research upped their price target on Spotify Technology from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, June 17th. Sanford C. Bernstein upped their price target on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. 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 report on Wednesday, June 18th. Finally, Bank of America upped their price target on Spotify Technology from $700.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the 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 Stock Down 1.3%

Shares of NYSE SPOT opened at $682.75 on Wednesday. The business has a 50-day simple moving average of $700.53 and a two-hundred day simple moving average of $669.26. Spotify Technology has a 52 week low of $364.26 and a 52 week high of $785.00. The company has a market cap of $139.77 billion, a P/E ratio of 165.72, a P/E/G ratio of 3.26 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the business earned $1.33 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

About Spotify Technology

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.