QRG Capital Management Inc. Increases Stock Holdings in Spotify Technology $SPOT

QRG Capital Management Inc. increased its holdings in shares of Spotify Technology (NYSE:SPOT) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 738 shares of the company’s stock after acquiring an additional 28 shares during the quarter. QRG Capital Management Inc.’s holdings in Spotify Technology were worth $566,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC raised its stake in shares of Spotify Technology by 156.3% in the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after buying an additional 25 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Tsfg LLC bought a new stake in shares of Spotify Technology in the 1st quarter valued at about $28,000. North Star Investment Management Corp. lifted its stake in shares of Spotify Technology by 52.8% in the 1st 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 last quarter. Finally, Truvestments Capital LLC bought a new position in Spotify Technology during the 1st quarter valued at approximately $34,000. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Stock Performance

Spotify Technology stock opened at $685.66 on Friday. The company has a market capitalization of $140.36 billion, a PE ratio of 166.42, a P/E/G ratio of 3.19 and a beta of 1.67. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00. The company has a 50 day moving average price of $699.20 and a 200-day moving average price of $667.01.

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

Analyst Ratings Changes

SPOT has been the topic of a number of research analyst reports. Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Benchmark lowered their price target on Spotify Technology from $840.00 to $800.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Spotify Technology in a report on Wednesday. Evercore ISI raised their target price on Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a report on Monday, June 16th. Finally, Citigroup raised their price target on Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $731.16.

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.