Stratos Wealth Partners LTD. Buys 288 Shares of Spotify Technology $SPOT

Stratos Wealth Partners LTD. lifted its stake in Spotify Technology (NYSE:SPOT) by 18.6% during the 2nd quarter, Holdings Channel reports. The firm owned 1,840 shares of the company’s stock after acquiring an additional 288 shares during the period. Stratos Wealth Partners LTD.’s holdings in Spotify Technology were worth $1,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sapient Capital LLC bought a new position in shares of Spotify Technology in the 2nd quarter worth $322,000. Swedbank AB boosted its position in shares of Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after purchasing an additional 13,458 shares during the last quarter. Legacy Capital Group California Inc. boosted its position in shares of Spotify Technology by 110.9% in the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after purchasing an additional 2,049 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Spotify Technology by 36.0% in the 2nd 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 during the last quarter. Finally, Annex Advisory Services LLC boosted its position in shares of Spotify Technology by 56.9% in the 2nd quarter. Annex Advisory Services LLC now owns 53,984 shares of the company’s stock worth $41,424,000 after purchasing an additional 19,577 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPOT has been the topic of several research analyst reports. DZ Bank raised Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price objective on the stock in a research note on Wednesday, July 30th. UBS Group dropped their price objective on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Sanford C. Bernstein raised their price objective on Spotify Technology from $825.00 to $840.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 8th. Canaccord Genuity Group raised their price objective on Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Price Performance

SPOT opened at $675.03 on Tuesday. The business’s 50-day moving average price is $699.14 and its two-hundred day moving average price is $673.60. Spotify Technology has a 1 year low of $376.00 and a 1 year high of $785.00. The company has a market capitalization of $138.19 billion, a price-to-earnings ratio of 163.84, a P/E/G ratio of 3.20 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the business earned $1.33 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Spotify Technology will post 10.3 earnings per share 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.