Alberta Investment Management Corp Takes $9.59 Million Position in Spotify Technology $SPOT

Alberta Investment Management Corp purchased a new stake in Spotify Technology (NYSE:SPOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,500 shares of the company’s stock, valued at approximately $9,592,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SPOT. 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 worth $957,494,000 after buying an additional 1,601,653 shares in the last quarter. Nuveen LLC bought a new stake in Spotify Technology in the first quarter worth $383,139,000. Axiom Investors LLC DE grew its stake in shares of Spotify Technology by 216.8% during the first quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock valued at $395,847,000 after buying an additional 492,504 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Spotify Technology by 215.3% during the second quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock valued at $387,758,000 after buying an additional 345,048 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Spotify Technology by 39.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock worth $648,434,000 after buying an additional 336,162 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Down 1.7%

Shares of SPOT opened at $634.57 on Friday. The company has a market capitalization of $130.65 billion, a P/E ratio of 99.78, a price-to-earnings-growth ratio of 2.10 and a beta of 1.67. The firm has a 50 day moving average of $679.23 and a 200 day moving average of $684.31. Spotify Technology has a twelve month low of $443.21 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 earnings per share. Spotify Technology has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPOT shares. Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Barclays lowered their price target on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Wells Fargo & Company raised their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. raised their target price on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $758.86.

Spotify Technology 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.