YANKCOM Partnership Raises Holdings in Spotify Technology $SPOT

YANKCOM Partnership raised its position in Spotify Technology (NYSE:SPOT) by 61.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 276 shares of the company’s stock after purchasing an additional 105 shares during the period. YANKCOM Partnership’s holdings in Spotify Technology were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its stake 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 buying an additional 25 shares in the last quarter. GFG Capital LLC purchased a new stake in Spotify Technology during the 2nd quarter valued at about $33,000. Truvestments Capital LLC acquired a new stake in Spotify Technology in the 1st quarter valued at about $34,000. Avion Wealth acquired a new stake in Spotify Technology in the 2nd quarter valued at about $38,000. Finally, SouthState Corp purchased a new position in Spotify Technology in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SPOT shares. Morgan Stanley dropped their price target on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Rosenblatt Securities dropped their target price on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Guggenheim lowered their price target on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group lowered shares of Spotify Technology from a “buy” rating to a “neutral” rating and upped their price objective for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. Two research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $758.86.

Spotify Technology Price Performance

SPOT stock opened at $590.68 on Friday. The company has a market cap of $121.62 billion, a price-to-earnings ratio of 92.87, a price-to-earnings-growth ratio of 2.04 and a beta of 1.67. The company has a fifty day moving average price of $672.31 and a 200 day moving average price of $683.93. Spotify Technology has a 12 month low of $443.21 and a 12 month high of $785.00.

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

Spotify Technology 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.