Quadrant Private Wealth Management LLC Purchases Shares of 359 Spotify Technology $SPOT

Quadrant Private Wealth Management LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 359 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Jennison Associates LLC increased its position in Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Spotify Technology by 3.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock worth $1,939,949,000 after buying an additional 112,553 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Spotify Technology by 1,151.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock worth $957,494,000 after acquiring an additional 1,601,653 shares in the last quarter. Northern Trust Corp raised its stake in shares of Spotify Technology by 10.3% in the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock valued at $866,012,000 after acquiring an additional 147,580 shares during the period. Finally, Forsta AP Fonden lifted its holdings in shares of Spotify Technology by 12.6% during the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock valued at $857,855,000 after acquiring an additional 174,700 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Spotify Technology in a report on Wednesday, October 8th. UBS Group lowered their target price on Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Rosenblatt Securities decreased their price target on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $729.94.

Spotify Technology Stock Down 0.2%

Shares of NYSE SPOT opened at $617.16 on Friday. Spotify Technology has a fifty-two week low of $397.33 and a fifty-two week high of $785.00. The business has a 50 day moving average price of $685.11 and a two-hundred day moving average price of $682.94. The firm has a market cap of $127.07 billion, a PE ratio of 97.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.67.

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