Wedbush Securities Inc. Raises Holdings in Spotify Technology $SPOT

Wedbush Securities Inc. grew its holdings in Spotify Technology (NYSE:SPOT) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,987 shares of the company’s stock after purchasing an additional 288 shares during the period. Wedbush Securities Inc.’s holdings in Spotify Technology were worth $1,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sound Income Strategies LLC raised its position in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares during the last quarter. GFG Capital LLC bought a new stake in shares of Spotify Technology in the second quarter worth approximately $33,000. Avion Wealth purchased a new position in shares of Spotify Technology during the second quarter valued at approximately $38,000. Truvestments Capital LLC bought a new position in Spotify Technology during the first quarter valued at approximately $34,000. Finally, Putney Financial Group LLC boosted its holdings in Spotify Technology by 244.4% in the second quarter. Putney Financial Group LLC now owns 62 shares of the company’s stock worth $48,000 after purchasing an additional 44 shares during the last quarter. 84.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SPOT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Spotify Technology in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Cantor Fitzgerald increased their target price on Spotify Technology from $640.00 to $675.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Oppenheimer increased their price objective on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven 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 a consensus target price of $729.94.

Spotify Technology Stock Down 0.2%

NYSE SPOT opened at $617.16 on Monday. The stock’s 50-day moving average price is $685.11 and its 200-day moving average price is $683.58. Spotify Technology has a 52 week low of $397.33 and a 52 week high of $785.00. The company has a market capitalization of $127.07 billion, a P/E ratio of 97.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.67.

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

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.