Wealth Enhancement Advisory Services LLC Acquires 2,751 Shares of Spotify Technology $SPOT

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Spotify Technology (NYSE:SPOT) by 34.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,843 shares of the company’s stock after acquiring an additional 2,751 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Spotify Technology were worth $7,378,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SPOT. Knuff & Co LLC bought a new position in shares of Spotify Technology during the second quarter worth approximately $27,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Spotify Technology in the third quarter valued at approximately $27,000. Total Investment Management Inc. acquired a new position in Spotify Technology in the 2nd quarter valued at $29,000. Sound Income Strategies LLC increased its position in shares of Spotify Technology by 156.3% in the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after purchasing an additional 25 shares during the period. Finally, Albion Financial Group UT lifted its position in Spotify Technology by 80.0% during the third quarter. Albion Financial Group UT now owns 45 shares of the company’s stock worth $31,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $512.45 on Friday. Spotify Technology has a 1 year low of $475.01 and a 1 year high of $785.00. The company has a 50 day simple moving average of $569.50 and a 200 day simple moving average of $644.22. The firm has a market cap of $105.51 billion, a PE ratio of 80.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last released 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. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Spotify Technology from $700.00 to $625.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Benchmark dropped their price objective on Spotify Technology from $860.00 to $760.00 and set a “buy” rating for the company in a research report on Friday, January 16th. JPMorgan Chase & Co. raised their price objective on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Citizens Jmp initiated coverage on Spotify Technology in a research report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 target price on the stock. Finally, Erste Group Bank downgraded Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $739.07.

Trending Headlines about Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Goldman Sachs upgraded SPOT to Buy with a $700 price target, calling the recent selloff an attractive entry point ahead of results; that upgrade is a primary driver of the rally. Spotify Stock Rises After Buy Upgrade. Why Goldman Is Singing Its Praises.
• Positive Sentiment: Spotify rolled out an AI-driven “prompted playlist” for U.S. and Canadian Premium users that customizes playlists from natural-language prompts — a product improvement that may boost engagement and retention. Spotify launches AI-driven ‘prompted playlist’ for premium users in US, Canada
• Positive Sentiment: Spotify is also deploying other AI playlist tools and personalization features across markets — incremental product wins that support higher user engagement and upsell potential. Spotify Rolls Out AI-Driven Playlist Generator for U.S. and Canadian Premium Users
• Positive Sentiment: Reports that Spotify may let users sync audiobooks with physical books indicate new product expansion into audiobooks/reading-adjacent features — potential longer-term revenue diversification. Spotify might soon let you sync audiobooks with real books
• Neutral Sentiment: Tech press highlights how Spotify’s new playlist features differ from Apple Music — useful competitive context but not an immediate earnings driver. Spotify’s newest playlist feature is unlike anything on Apple Music
• Negative Sentiment: Analysts and commentators warn U.S. price hikes for Premium could test growth and raise churn risk, which is a near-term headwind for subscriber-led revenue. Spotify (SPOT) Valuation Check As New Premium Price Hikes Test Growth And Churn Concerns
• Negative Sentiment: Barclays issued a pessimistic forecast for SPOT, adding downside pressure and reminding investors valuation and execution risk remain. Barclays Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price
• Negative Sentiment: Commentators including Jim Cramer have flagged Spotify’s high P/E as a drag on the stock — valuation sensitivity means sentiment shifts can move the shares sharply. Jim Cramer says high price-to-earnings multiples are hurting Spotify stock

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.