Addison Capital Co Sells 35 Shares of Spotify Technology $SPOT

Addison Capital Co lessened its stake in Spotify Technology (NYSE:SPOT) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the company’s stock after selling 35 shares during the quarter. Addison Capital Co’s holdings in Spotify Technology were worth $1,045,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after acquiring an additional 41 shares in the last quarter. Tsfg LLC purchased a new stake in shares of Spotify Technology in the first quarter valued at about $28,000. North Star Investment Management Corp. lifted its position in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Spotify Technology during the fourth quarter worth about $26,000. Finally, Truvestments Capital LLC bought a new stake in Spotify Technology in the 1st quarter worth about $34,000. Institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SPOT. KeyCorp dropped their target price on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a report on Wednesday, July 30th. Rosenblatt Securities cut their price objective on Spotify Technology from $703.00 to $679.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 30th. Morgan Stanley decreased their target price 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. Finally, Wells Fargo & Company boosted their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Twenty analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $721.07.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $704.43 on Thursday. The stock has a market capitalization of $144.20 billion, a PE ratio of 170.98, a P/E/G ratio of 3.09 and a beta of 1.71. Spotify Technology has a one year low of $326.00 and a one year high of $785.00. The business’s fifty day moving average price is $694.71 and its 200-day moving average price is $647.51.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities 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.