Wealthcare Advisory Partners LLC Sells 19 Shares of Spotify Technology $SPOT

Wealthcare Advisory Partners LLC reduced its holdings in shares of Spotify Technology (NYSE:SPOT) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,268 shares of the company’s stock after selling 19 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Spotify Technology were worth $973,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its stake in Spotify Technology by 42.3% in the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Spotify Technology by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock valued at $1,939,949,000 after buying an additional 112,553 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Spotify Technology by 1,151.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after buying an additional 1,601,653 shares during the last quarter. Northern Trust Corp lifted its position in Spotify Technology by 10.3% during the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock worth $866,012,000 after buying an additional 147,580 shares in the last quarter. Finally, Forsta AP Fonden lifted its position in Spotify Technology by 12.6% during the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock worth $857,855,000 after buying an additional 174,700 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Price Performance

Spotify Technology stock opened at $674.91 on Thursday. The firm has a market capitalization of $138.16 billion, a price-to-earnings ratio of 163.81, a PEG ratio of 3.22 and a beta of 1.67. The company’s 50 day simple moving average is $697.12 and its 200 day simple moving average is $666.06. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00.

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

Analyst Upgrades and Downgrades

SPOT has been the topic of several research reports. BNP Paribas Exane started coverage on Spotify Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Spotify Technology in a research report on Wednesday. Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Pivotal Research lifted their price objective on Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Finally, Cantor Fitzgerald boosted their price objective on Spotify Technology from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. One research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

About Spotify Technology

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.