Spotify Technology $SPOT Shares Acquired by Sigma Planning Corp

Sigma Planning Corp raised its holdings in shares of Spotify Technology (NYSE:SPOT) by 63.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,659 shares of the company’s stock after acquiring an additional 642 shares during the quarter. Sigma Planning Corp’s holdings in Spotify Technology were worth $1,273,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Jennison Associates LLC boosted its position in shares of Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after acquiring an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Spotify Technology by 3.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock worth $1,939,949,000 after acquiring an additional 112,553 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Spotify Technology by 1,151.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock worth $957,494,000 after acquiring an additional 1,601,653 shares in the last quarter. Northern Trust Corp boosted its position in shares of Spotify Technology by 10.3% during the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock worth $866,012,000 after acquiring an additional 147,580 shares in the last quarter. Finally, Forsta AP Fonden boosted its position in shares of Spotify Technology by 12.6% during the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock worth $857,855,000 after acquiring an additional 174,700 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPOT has been the subject of several research reports. Barclays reduced their target price on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company boosted their target price on Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Benchmark boosted their target price on Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a report on Wednesday. DZ Bank raised Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus price target of $729.94.

Spotify Technology Trading Down 1.5%

Shares of SPOT stock opened at $620.37 on Thursday. The company has a market cap of $127.00 billion, a price-to-earnings ratio of 97.54, a price-to-earnings-growth ratio of 3.32 and a beta of 1.67. The stock has a 50 day simple moving average of $687.82 and a 200-day simple moving average of $682.35. Spotify Technology has a 12-month low of $376.04 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a return on equity of 23.62% and a net margin of 8.46%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal 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.