Venturi Wealth Management LLC Decreases Holdings in Spotify Technology $SPOT

Venturi Wealth Management LLC reduced its position in shares of Spotify Technology (NYSE:SPOT) by 5.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,798 shares of the company’s stock after selling 103 shares during the quarter. Venturi Wealth Management LLC’s holdings in Spotify Technology were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPOT. UMB Bank n.a. raised its holdings in Spotify Technology by 32.0% during the 1st quarter. UMB Bank n.a. now owns 408 shares of the company’s stock valued at $224,000 after buying an additional 99 shares during the last quarter. Miracle Mile Advisors LLC increased its position in Spotify Technology by 8.2% during the 1st quarter. Miracle Mile Advisors LLC now owns 709 shares of the company’s stock valued at $390,000 after purchasing an additional 54 shares during the period. Portside Wealth Group LLC increased its position in Spotify Technology by 14.5% during the 1st quarter. Portside Wealth Group LLC now owns 780 shares of the company’s stock valued at $429,000 after purchasing an additional 99 shares during the period. Farther Finance Advisors LLC increased its position in Spotify Technology by 17.6% during the 1st quarter. Farther Finance Advisors LLC now owns 2,391 shares of the company’s stock valued at $1,319,000 after purchasing an additional 357 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new position in Spotify Technology during the 1st quarter valued at $225,000. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Stock Performance

SPOT stock opened at $674.91 on Thursday. The firm has a fifty day moving average price of $697.12 and a 200 day moving average price of $666.06. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00. The firm has a market cap of $138.16 billion, a PE ratio of 163.81, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The company 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 firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SPOT. Canaccord Genuity Group upped their target price on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Guggenheim reaffirmed a “buy” rating and issued a $850.00 target price on shares of Spotify Technology in a research report on Wednesday, September 3rd. Evercore ISI upped their target price on shares of Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, June 16th. Morgan Stanley reduced their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently 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.