Spotify Technology $SPOT Stock Position Reduced by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC decreased its position in Spotify Technology (NYSE:SPOT) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,268 shares of the company’s stock after selling 19 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Spotify Technology were worth $973,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPOT. Sapient Capital LLC acquired a new position in Spotify Technology in the second quarter worth $322,000. Swedbank AB lifted 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 buying an additional 13,458 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings 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 valued at $2,990,000 after buying an additional 2,049 shares during the period. Harbor Investment Advisory LLC boosted its holdings 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 valued at $1,576,000 after buying an additional 544 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in shares of Spotify Technology by 39.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock valued at $1,486,000 after buying an additional 769 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Stock Performance

Shares of NYSE:SPOT opened at $674.91 on Thursday. The company has a market capitalization of $138.16 billion, a PE ratio of 163.81, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. The stock has a fifty day moving average of $697.12 and a 200-day moving average of $666.06. Spotify Technology has a one year low of $364.26 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last posted 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). 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 analysts’ expectations of $4.29 billion. During the same period in the prior year, the company posted $1.33 earnings per share. Spotify Technology’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, research analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on SPOT shares. UBS Group cut their target price on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Barclays cut their price target on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Cantor Fitzgerald upped their price objective on Spotify Technology from $610.00 to $640.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. Finally, Bank of America raised their target price on Spotify Technology from $700.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology 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.