Angeles Wealth Management LLC Acquires New Holdings in Spotify Technology $SPOT

Angeles Wealth Management LLC acquired a new stake in shares of Spotify Technology (NYSE:SPOTFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 291 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC lifted its position in Spotify Technology by 1.0% during the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after purchasing an additional 15 shares during the period. Ignite Planners LLC lifted its position in Spotify Technology by 2.4% during the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after purchasing an additional 15 shares during the period. Hartford Investment Management Co. lifted its position in Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after purchasing an additional 16 shares during the period. Stonekeep Investments LLC lifted its position in Spotify Technology by 2.1% during the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock valued at $593,000 after purchasing an additional 16 shares during the period. Finally, Moody National Bank Trust Division lifted its position in Spotify Technology by 0.5% during the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock valued at $2,249,000 after purchasing an additional 16 shares during the period. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $671.04 on Friday. The firm has a fifty day moving average price of $699.44 and a 200-day moving average price of $671.61. The stock has a market cap of $137.37 billion, a PE ratio of 162.87, a price-to-earnings-growth ratio of 3.20 and a beta of 1.67. Spotify Technology has a 1 year low of $369.42 and a 1 year high of $785.00.

Spotify Technology (NYSE:SPOTGet Free Report) 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 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% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Analyst Upgrades and Downgrades

SPOT has been the subject of a number of research reports. Sanford C. Bernstein upped their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Morgan Stanley reduced their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Citigroup upped their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Read Our Latest Research Report on SPOT

Spotify Technology Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Spotify Technology (NYSE:SPOT)

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