Montag A & Associates Inc. Cuts Stock Position in Spotify Technology $SPOT

Montag A & Associates Inc. lessened its holdings in shares of Spotify Technology (NYSE:SPOT) by 37.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,682 shares of the company’s stock after selling 987 shares during the quarter. Montag A & Associates Inc.’s holdings in Spotify Technology were worth $1,291,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its position in Spotify Technology by 9.9% in the 1st quarter. Allworth Financial LP now owns 409 shares of the company’s stock valued at $248,000 after buying an additional 37 shares during the period. Ballentine Partners LLC raised its stake in shares of Spotify Technology by 33.5% in the first quarter. Ballentine Partners LLC now owns 1,260 shares of the company’s stock valued at $693,000 after acquiring an additional 316 shares in the last quarter. Schechter Investment Advisors LLC purchased a new position in Spotify Technology in the first quarter valued at $386,000. Signaturefd LLC boosted its holdings in Spotify Technology by 21.4% in the first quarter. Signaturefd LLC now owns 3,895 shares of the company’s stock valued at $2,142,000 after purchasing an additional 686 shares during the period. Finally, Sigma Planning Corp grew its stake in Spotify Technology by 5.5% during the 1st quarter. Sigma Planning Corp now owns 1,017 shares of the company’s stock worth $559,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $640.05 on Wednesday. The stock’s 50-day moving average is $682.87 and its two-hundred day moving average is $683.83. Spotify Technology has a 1 year low of $411.40 and a 1 year high of $785.00. The firm has a market cap of $131.78 billion, a price-to-earnings ratio of 100.64, a PEG ratio of 2.06 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $1.87 by $1.96. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen raised Spotify Technology from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company raised their target price on shares of Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. UBS Group decreased their price target on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Spotify Technology in a research report on Wednesday, October 8th. Finally, DZ Bank upgraded shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $729.94.

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.