Spotify Technology $SPOT Shares Sold by Atlatl Advisers LLC

Atlatl Advisers LLC cut its holdings in Spotify Technology (NYSE:SPOT) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,557 shares of the company’s stock after selling 220 shares during the quarter. Atlatl Advisers LLC’s holdings in Spotify Technology were worth $1,195,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SPOT. Tsfg LLC acquired a new position in Spotify Technology in the first quarter valued at $28,000. Cornerstone Planning Group LLC increased its stake in Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Sound Income Strategies LLC increased its stake in Spotify Technology by 156.3% in the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after purchasing an additional 25 shares during the period. GFG Capital LLC acquired a new position in shares of Spotify Technology during the second quarter worth about $33,000. Finally, Truvestments Capital LLC acquired a new position in shares of Spotify Technology during the first quarter worth about $34,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SPOT shares. UBS Group dropped their price target on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Spotify Technology in a research note on Friday. Finally, BNP Paribas Exane started coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Trading Down 4.3%

SPOT stock opened at $645.22 on Friday. The company has a market cap of $132.08 billion, a P/E ratio of 156.61, a P/E/G ratio of 3.08 and a beta of 1.67. Spotify Technology has a 52 week low of $376.00 and a 52 week high of $785.00. The company’s 50-day moving average price is $696.53 and its 200 day moving average price is $676.82.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Spotify Technology will post 10.3 earnings per share 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.