Spotify Technology $SPOT Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Spotify Technology (NYSE:SPOT) by 24.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,192 shares of the company’s stock after acquiring an additional 632 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Spotify Technology were worth $2,450,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Spotify Technology by 38.1% in the 1st quarter. GAMMA Investing LLC now owns 1,305 shares of the company’s stock worth $718,000 after buying an additional 360 shares during the last quarter. Fifth Third Bancorp raised its stake in Spotify Technology by 30.7% in the 1st quarter. Fifth Third Bancorp now owns 302 shares of the company’s stock valued at $166,000 after purchasing an additional 71 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Spotify Technology by 238.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company’s stock valued at $13,993,000 after purchasing an additional 17,932 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Spotify Technology by 11.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 38,913 shares of the company’s stock valued at $21,403,000 after purchasing an additional 4,137 shares during the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in Spotify Technology in the 1st quarter valued at $320,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SPOT shares. JPMorgan Chase & Co. increased their target price on shares of Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Bank of America boosted their target price on Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, June 26th. BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Spotify Technology in a report on Wednesday, October 8th. Finally, KeyCorp lowered their target price on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. One 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Trading Down 1.6%

NYSE SPOT opened at $672.27 on Thursday. The stock has a market cap of $137.62 billion, a PE ratio of 163.17, a P/E/G ratio of 3.22 and a beta of 1.67. Spotify Technology has a twelve month low of $366.65 and a twelve month high of $785.00. The stock has a fifty day simple moving average of $700.64 and a 200-day simple moving average of $669.28.

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). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. 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. Research analysts predict that Spotify Technology will post 10.3 EPS 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.