City Holding Co. Buys 189 Shares of Spotify Technology $SPOT

City Holding Co. boosted its stake in Spotify Technology (NYSE:SPOT) by 900.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210 shares of the company’s stock after purchasing an additional 189 shares during the quarter. City Holding Co.’s holdings in Spotify Technology were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sapient Capital LLC bought a new position in Spotify Technology in the 2nd quarter worth about $322,000. Legacy Capital Group California Inc. raised 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 acquiring an additional 2,049 shares in the last quarter. Swedbank AB raised its holdings in shares of Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after acquiring an additional 13,458 shares in the last quarter. Harbor Investment Advisory LLC raised 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 acquiring an additional 544 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock valued at $1,486,000 after acquiring an additional 769 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 0.5%

Shares of NYSE SPOT opened at $715.87 on Monday. The stock has a market cap of $146.55 billion, a price-to-earnings ratio of 173.76, a P/E/G ratio of 3.08 and a beta of 1.71. Spotify Technology has a 1-year low of $362.31 and a 1-year high of $785.00. The stock’s 50-day moving average is $694.06 and its 200 day moving average is $661.18.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data 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 firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on SPOT. UBS Group lowered their price target on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. DZ Bank raised Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a report on Wednesday, July 30th. Bank of America raised their price target on Spotify Technology from $700.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, June 26th. Finally, Sanford C. Bernstein raised their price target on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $726.84.

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.