11 Top Performing European Stocks So Far In 2025

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6. Spotify Technology S.A. (NYSE:SPOT)

Number of Hedge Fund Holders: 101

YTD Share Price Performance as of April 11: 18.76%

Based in Luxembourg, Spotify Technology S.A. (NYSE:SPOT) is a leading player in audio streaming. The company supports audio streaming through premium and ad-supported tiers, in addition to handling marketing, distribution, and customer support across its platform. It is one of the best performing stocks in Europe, with shares rising nearly 19% year-to-date as of April 11.

On April 9, KeyBanc Capital Markets assigned an Overweight rating on Spotify Technology S.A. (NYSE:SPOT) but trimmed the price target to $625 from $675. The revised target indicates marginally lower revenue and free cash flow forecasts, along with a more cautious valuation approach. Still, analysts see a lot of upside due to Spotify’s improved advertising tech and its partner program, which could bring in more creators, especially in a weaker economy.

In 2024, Spotify Technology S.A. (NYSE:SPOT) paid out a record $10 billion in royalties, up from just $1 billion a decade ago. Around 1,500 artists earned more than $1 million in 2024 through the platform, and the number of artists generating royalties has tripled since 2017.

According to Insider Monkey’s fourth quarter database, 101 hedge funds held long positions in Spotify Technology S.A. (NYSE:SPOT), up from 98 funds in the preceding quarter. Rajiv Jain’s GQG Partners was the largest stakeholder of the company, with 1.78 million shares valued at over $800 million.

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