Spotify Technology $SPOT Shares Sold by PAX Financial Group LLC

PAX Financial Group LLC lowered its stake in Spotify Technology (NYSE:SPOT) by 30.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 622 shares of the company’s stock after selling 273 shares during the quarter. PAX Financial Group LLC’s holdings in Spotify Technology were worth $477,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its position in shares of Spotify Technology by 4.3% in the first quarter. Wealthfront Advisers LLC now owns 1,173 shares of the company’s stock valued at $645,000 after acquiring an additional 48 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Spotify Technology by 44.0% in the 1st quarter. Victory Capital Management Inc. now owns 64,258 shares of the company’s stock valued at $35,344,000 after purchasing an additional 19,647 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in Spotify Technology in the 1st quarter valued at about $207,000. Private Advisor Group LLC boosted its stake in shares of Spotify Technology by 21.2% during the 1st quarter. Private Advisor Group LLC now owns 3,951 shares of the company’s stock worth $2,173,000 after purchasing an additional 692 shares during the last quarter. Finally, Csenge Advisory Group grew its holdings in shares of Spotify Technology by 6.4% during the first quarter. Csenge Advisory Group now owns 818 shares of the company’s stock worth $470,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

SPOT has been the topic of several recent analyst reports. Cantor Fitzgerald upped their price objective on shares of Spotify Technology from $640.00 to $675.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Morgan Stanley cut their price target on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Guggenheim lowered their price objective on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Benchmark upped their target price on Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $758.86.

Spotify Technology Stock Up 0.8%

Shares of NYSE SPOT opened at $640.87 on Tuesday. The stock has a market capitalization of $131.95 billion, a PE ratio of 100.77, a P/E/G ratio of 2.10 and a beta of 1.67. The firm has a fifty day moving average of $677.67 and a 200-day moving average of $685.08. Spotify Technology has a 52-week low of $443.21 and a 52-week high of $785.00.

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

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.