Spotify Technology $SPOT Shares Acquired by CW Advisors LLC

CW Advisors LLC lifted its holdings in shares of Spotify Technology (NYSE:SPOT) by 23.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,229 shares of the company’s stock after buying an additional 237 shares during the quarter. CW Advisors LLC’s holdings in Spotify Technology were worth $676,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Atika Capital Management LLC lifted its holdings in Spotify Technology by 48.6% in the 1st quarter. Atika Capital Management LLC now owns 61,800 shares of the company’s stock valued at $33,992,000 after purchasing an additional 20,200 shares in the last quarter. Goldstream Capital Management Ltd purchased a new stake in shares of Spotify Technology during the first quarter worth $3,338,000. TFB Advisors LLC grew its holdings in shares of Spotify Technology by 3.4% during the first quarter. TFB Advisors LLC now owns 1,612 shares of the company’s stock worth $887,000 after buying an additional 53 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Spotify Technology by 53.9% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 922 shares of the company’s stock worth $507,000 after buying an additional 323 shares in the last quarter. Finally, GDS Wealth Management grew its holdings in shares of Spotify Technology by 230.6% during the first quarter. GDS Wealth Management now owns 14,611 shares of the company’s stock worth $8,036,000 after buying an additional 10,191 shares in the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology Trading Up 0.3%

NYSE SPOT opened at $696.67 on Wednesday. The stock has a market cap of $142.61 billion, a PE ratio of 169.09, a P/E/G ratio of 2.99 and a beta of 1.69. Spotify Technology has a twelve month low of $319.07 and a twelve month high of $785.00. The stock has a fifty day simple moving average of $702.80 and a 200-day simple moving average of $642.65.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The business 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 business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPOT. Barclays dropped their target price on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Loop Capital upped their target price on shares of Spotify Technology from $435.00 to $550.00 and gave the stock a “hold” rating in a report on Friday, May 2nd. Rosenblatt Securities dropped their target price on shares of Spotify Technology from $703.00 to $679.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. Morgan Stanley dropped their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group upped their target price on Spotify Technology from $680.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $720.07.

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.