Trivest Advisors Ltd Increases Stock Holdings in Spotify Technology $SPOT

Trivest Advisors Ltd raised its stake in shares of Spotify Technology (NYSE:SPOT) by 119.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,700 shares of the company’s stock after acquiring an additional 152,700 shares during the quarter. Spotify Technology makes up about 8.4% of Trivest Advisors Ltd’s portfolio, making the stock its 3rd biggest position. Trivest Advisors Ltd’s holdings in Spotify Technology were worth $215,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SPOT. Resona Asset Management Co. Ltd. acquired a new stake in Spotify Technology during the 2nd quarter worth about $33,410,000. Atlantic Union Bankshares Corp purchased a new position in shares of Spotify Technology during the 2nd quarter valued at about $127,000. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Spotify Technology during the 2nd quarter valued at about $207,000. First Horizon Advisors Inc. raised its stake in shares of Spotify Technology by 11.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,118 shares of the company’s stock valued at $858,000 after buying an additional 112 shares during the last quarter. Finally, Cloud Capital Management LLC raised its stake in shares of Spotify Technology by 4.8% during the 2nd quarter. Cloud Capital Management LLC now owns 392 shares of the company’s stock valued at $301,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SPOT. The Goldman Sachs Group cut Spotify Technology from a “buy” rating to a “neutral” rating and upped their price target for the stock from $765.00 to $770.00 in a report on Tuesday, September 30th. Pivotal Research cut their price objective on Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Wednesday. KeyCorp cut their price objective on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Morgan Stanley cut their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Finally, Guggenheim cut their price objective on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and a consensus price target of $729.94.

Spotify Technology Stock Down 1.5%

Shares of NYSE SPOT opened at $620.37 on Thursday. The firm has a market cap of $127.00 billion, a price-to-earnings ratio of 97.54, a PEG ratio of 3.32 and a beta of 1.67. Spotify Technology has a 52-week low of $376.04 and a 52-week high of $785.00. The business’s 50 day moving average is $687.82 and its two-hundred day moving average is $682.35.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a return on equity of 23.62% and a net margin of 8.46%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.45 earnings per share. Spotify Technology has set its Q4 2025 guidance at EPS. Analysts anticipate that Spotify Technology will post 10.3 EPS 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.