2,923 Shares in Spotify Technology $SPOT Purchased by Secure Asset Management LLC

Secure Asset Management LLC acquired a new position in shares of Spotify Technology (NYSE:SPOT) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,923 shares of the company’s stock, valued at approximately $2,243,000.

A number of other large investors have also added to or reduced their stakes in SPOT. Integrated Wealth Concepts LLC increased its stake in shares of Spotify Technology by 39.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock worth $1,486,000 after purchasing an additional 769 shares in the last quarter. Swedbank AB increased its stake in shares of Spotify Technology by 1.4% in the first quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after purchasing an additional 13,458 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of Spotify Technology by 34.8% in the first quarter. Plato Investment Management Ltd now owns 4,159 shares of the company’s stock worth $2,312,000 after purchasing an additional 1,074 shares in the last quarter. Optimize Financial Inc purchased a new position in shares of Spotify Technology in the first quarter worth about $1,352,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Spotify Technology by 36.0% in the second quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock worth $1,576,000 after purchasing an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Up 0.4%

NYSE:SPOT opened at $706.98 on Thursday. The company has a fifty day moving average of $692.20 and a 200 day moving average of $651.03. Spotify Technology has a 52 week low of $340.37 and a 52 week high of $785.00. The firm has a market capitalization of $144.73 billion, a P/E ratio of 171.60, a P/E/G ratio of 3.03 and a beta of 1.71.

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

Analyst Ratings Changes

Several research firms have recently weighed in on SPOT. Morgan Stanley reduced their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. DZ Bank upgraded shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 target price for the company in a research note on Wednesday, July 30th. Benchmark cut their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research report on Tuesday. Finally, Barclays cut their price objective on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $726.84.

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.