Prospera Financial Services Inc Buys 425 Shares of Spotify Technology $SPOT

Prospera Financial Services Inc boosted its stake in Spotify Technology (NYSE:SPOT) by 27.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,947 shares of the company’s stock after buying an additional 425 shares during the quarter. Prospera Financial Services Inc’s holdings in Spotify Technology were worth $1,494,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. RWA Wealth Partners LLC boosted its stake in shares of Spotify Technology by 19.8% in the 2nd quarter. RWA Wealth Partners LLC now owns 4,274 shares of the company’s stock valued at $3,280,000 after purchasing an additional 705 shares in the last quarter. AE Wealth Management LLC lifted its holdings in Spotify Technology by 11.7% during the 2nd quarter. AE Wealth Management LLC now owns 600 shares of the company’s stock valued at $461,000 after purchasing an additional 63 shares during the last quarter. Metis Global Partners LLC boosted its position in Spotify Technology by 48.7% in the second quarter. Metis Global Partners LLC now owns 3,760 shares of the company’s stock valued at $2,885,000 after buying an additional 1,232 shares in the last quarter. Penserra Capital Management LLC boosted its position in Spotify Technology by 129.0% in the second quarter. Penserra Capital Management LLC now owns 7,723 shares of the company’s stock valued at $5,925,000 after buying an additional 4,351 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC bought a new stake in Spotify Technology during the second quarter worth about $275,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPOT has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Pivotal Research dropped their price target on Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. The Goldman Sachs Group cut Spotify Technology from a “buy” rating to a “neutral” rating and increased their target price for the stock from $765.00 to $770.00 in a report on Tuesday, September 30th. Finally, BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Two investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $729.94.

Spotify Technology Stock Performance

NYSE SPOT opened at $640.05 on Wednesday. The stock has a market capitalization of $131.78 billion, a P/E ratio of 100.64, a price-to-earnings-growth ratio of 2.06 and a beta of 1.67. Spotify Technology has a 52 week low of $411.40 and a 52 week high of $785.00. The stock has a fifty day moving average of $682.87 and a 200-day moving average of $683.83.

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