Samalin Investment Counsel LLC Has $753,000 Stake in Spotify Technology $SPOT

Samalin Investment Counsel LLC lowered its stake in shares of Spotify Technology (NYSE:SPOT) by 47.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 980 shares of the company’s stock after selling 880 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Spotify Technology were worth $753,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC lifted its position in shares of Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after acquiring an additional 25 shares during the period. GFG Capital LLC acquired a new position in Spotify Technology in the second quarter valued at about $33,000. Truvestments Capital LLC acquired a new position in Spotify Technology in the first quarter valued at about $34,000. Avion Wealth bought a new stake in Spotify Technology during the second quarter worth about $38,000. Finally, SouthState Corp acquired a new stake in Spotify Technology during the first quarter worth about $39,000. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SPOT shares. Cantor Fitzgerald raised their target price on shares of Spotify Technology from $640.00 to $675.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. BNP Paribas Exane initiated coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 price objective on the stock. The Goldman Sachs Group downgraded shares of Spotify Technology from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $765.00 to $770.00 in a research report on Tuesday, September 30th. Rosenblatt Securities reduced their target price on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $729.94.

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $617.16 on Monday. 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 PE ratio of 97.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.67. The company has a fifty day moving average of $685.11 and a 200-day moving average of $683.58.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $1.87 by $1.96. The company had revenue of $5.02 billion for 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%.Spotify Technology’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

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.