LRI Investments LLC Has $558,000 Holdings in Spotify Technology $SPOT

LRI Investments LLC decreased its stake in shares of Spotify Technology (NYSE:SPOT) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 728 shares of the company’s stock after selling 132 shares during the period. LRI Investments LLC’s holdings in Spotify Technology were worth $558,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Sapient Capital LLC bought a new stake in shares of Spotify Technology in the second quarter valued at about $322,000. Swedbank AB lifted its stake in Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after acquiring an additional 13,458 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in Spotify Technology by 110.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after acquiring an additional 2,049 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Spotify Technology by 36.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock worth $1,576,000 after acquiring an additional 544 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Spotify Technology by 39.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock worth $1,486,000 after acquiring an additional 769 shares in the last quarter. 84.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SPOT shares. Pivotal Research boosted their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. lifted their price target on shares of Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Argus started coverage on shares of Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 price target on the stock. Morgan Stanley decreased their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, Evercore ISI upped their target price on Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a report on Monday, June 16th. One research 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. According to MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Price Performance

Shares of Spotify Technology stock opened at $685.66 on Friday. The business has a fifty day simple moving average of $699.20 and a two-hundred day simple moving average of $667.63. Spotify Technology has a 1 year low of $364.26 and a 1 year high of $785.00. The company has a market capitalization of $140.36 billion, a price-to-earnings ratio of 166.42, a P/E/G ratio of 3.24 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal 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.