Andrew Hill Investment Advisors Inc. Acquires 2,125 Shares of Spotify Technology $SPOT

Andrew Hill Investment Advisors Inc. boosted its holdings in Spotify Technology (NYSE:SPOT) by 91.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,454 shares of the company’s stock after buying an additional 2,125 shares during the quarter. Spotify Technology makes up 2.7% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 18th biggest holding. Andrew Hill Investment Advisors Inc.’s holdings in Spotify Technology were worth $3,418,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Cornerstone Planning Group LLC boosted its stake in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. Tsfg LLC bought a new position in Spotify Technology in the 1st quarter valued at approximately $28,000. North Star Investment Management Corp. lifted its stake in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Spotify Technology in the fourth quarter valued at approximately $26,000. Finally, Truvestments Capital LLC bought a new stake in shares of Spotify Technology during the first quarter worth $34,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley cut their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Evercore ISI lifted their price target on Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, June 16th. UBS Group lowered their price objective on Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Citigroup lifted their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Finally, Cantor Fitzgerald boosted their target price on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $726.84.

Spotify Technology Trading Up 0.4%

Shares of SPOT stock opened at $706.98 on Thursday. The firm has a fifty day simple moving average of $692.20 and a two-hundred day simple moving average of $651.03. Spotify Technology has a 12 month low of $340.37 and a 12 month high of $785.00. The firm has a market capitalization of $144.73 billion, a PE ratio of 171.60, a price-to-earnings-growth ratio of 3.03 and a beta of 1.71.

Spotify Technology (NYSE:SPOT) last issued 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 business had revenue of $4.94 billion for the quarter, compared to analyst estimates 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 in the prior year, the business earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

About Spotify Technology

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.