HB Wealth Management LLC Acquires 204 Shares of Spotify Technology $SPOT

HB Wealth Management LLC boosted its holdings in Spotify Technology (NYSE:SPOT) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,709 shares of the company’s stock after acquiring an additional 204 shares during the quarter. HB Wealth Management LLC’s holdings in Spotify Technology were worth $2,079,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SPOT. NBC Securities Inc. bought a new position in Spotify Technology in the 1st quarter worth about $384,000. Merit Financial Group LLC increased its stake in Spotify Technology by 28.7% in the 1st quarter. Merit Financial Group LLC now owns 4,180 shares of the company’s stock worth $2,299,000 after acquiring an additional 932 shares during the last quarter. Portside Wealth Group LLC bought a new position in Spotify Technology in the 1st quarter worth about $375,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Spotify Technology by 209.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 68 shares of the company’s stock worth $37,000 after acquiring an additional 46 shares during the last quarter. Finally, AMS Capital Ltda bought a new position in Spotify Technology in the 1st quarter worth about $1,000,000. 84.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on SPOT shares. UBS Group decreased their target price on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Canaccord Genuity Group upped their price objective on Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price objective on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Barclays cut their price objective on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Price Performance

Shares of SPOT stock opened at $707.70 on Friday. The stock has a market capitalization of $144.87 billion, a PE ratio of 171.77, a P/E/G ratio of 3.32 and a beta of 1.67. Spotify Technology has a 1-year low of $362.31 and a 1-year high of $785.00. The business has a 50-day moving average of $696.08 and a 200 day moving average of $663.52.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). The company 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 company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts anticipate that Spotify Technology will post 10.3 EPS 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.