Meitav Investment House Ltd. Increases Position in Spotify Technology $SPOT

Meitav Investment House Ltd. increased its holdings in Spotify Technology (NYSE:SPOT) by 177.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,820 shares of the company’s stock after purchasing an additional 1,802 shares during the quarter. Meitav Investment House Ltd.’s holdings in Spotify Technology were worth $2,164,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Tsfg LLC acquired a new stake in Spotify Technology in the 1st quarter valued at $28,000. Cornerstone Planning Group LLC lifted its holdings in Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. North Star Investment Management Corp. increased its stake 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 worth $30,000 after purchasing an additional 19 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Spotify Technology by 156.3% during the 2nd 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 last quarter. Finally, Truvestments Capital LLC purchased a new position in Spotify Technology in the 1st quarter valued at about $34,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Spotify Technology stock opened at $680.28 on Tuesday. The firm has a 50 day simple moving average of $695.42 and a 200-day simple moving average of $665.91. The stock has a market cap of $139.26 billion, a price-to-earnings ratio of 165.12, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. Spotify Technology has a 1-year low of $362.31 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SPOT shares. Evercore ISI raised their target price on Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a research report on Monday, June 16th. Bank of America lifted their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Canaccord Genuity Group increased their target price on shares of Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Citigroup upped their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and a consensus price target of $731.16.

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.