Stratos Wealth Advisors LLC Sells 58 Shares of Spotify Technology $SPOT

Stratos Wealth Advisors LLC lessened its stake in shares of Spotify Technology (NYSE:SPOT) by 3.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,626 shares of the company’s stock after selling 58 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Spotify Technology were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. 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 holdings in shares of Spotify Technology by 2.4% during the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after buying an additional 15 shares during the period. Hartford Investment Management Co. boosted its stake in shares of Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after buying an additional 16 shares during the last quarter. Stonekeep Investments LLC grew its holdings in shares of Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after acquiring an additional 16 shares during the period. Finally, Moody National Bank Trust Division grew its holdings in shares of Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after acquiring an additional 16 shares during the period. 84.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on SPOT. KeyCorp lowered their target price on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $765.00 to $770.00 in a research note on Tuesday, September 30th. Phillip Securities raised shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. 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. Finally, UBS Group decreased their price target on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Price Performance

SPOT opened at $671.04 on Friday. The company has a 50 day simple moving average of $699.44 and a two-hundred day simple moving average of $671.61. The firm has a market cap of $137.37 billion, a P/E ratio of 162.87, a PEG 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:SPOT) last released its 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 firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current 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.