Spotify Shares Fall 2.36% on 910M in Volume Slides to 100th in Market Activity as Institutional Investors Adjust Positions Amid Analyst Price Target Hikes

Spotify Technology (SPOT) declined 2.36% on August 11, 2025, with a trading volume of $910 million, a 45.19% drop from the prior day, ranking it 100th in market activity. The stock’s recent earnings report highlighted a $0.42 loss per share, far below the $2.00 estimated, despite $4.94 billion in revenue exceeding forecasts. Analysts adjusted price targets, including Goldman Sachs raising its target to $775 from $680, reflecting a “Moderate Buy” consensus. Institutional investors, including Virtu Financial LLC, increased holdings by 113.4% in Q1, while others like Wealth Enhancement Advisory Services LLC boosted stakes by 238.8%. Conversely, Coronation Fund Managers Ltd. reduced its position by 42.5%, citing portfolio rebalancing.

Institutional ownership remains significant, with 84.09% of shares held by hedge funds and institutional investors. Q1 filings revealed mixed activity, with entities like Hartford Investment Management Co. and Citizens Financial Group Inc. modestly increasing stakes, while others, such as HM Payson & Co. and North Star Investment Management Corp., made smaller but notable additions. Analyst activity remained active, with adjustments from firms including UBS Group and Rosenblatt Securities, though the consensus rating remained unchanged at “Moderate Buy.” The stock’s average target price stands at $718.90, with Goldman Sachs’ $775 target representing the highest outlook.

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