Harbour Investments Inc. Has $1.61 Million Holdings in Spotify Technology $SPOT

Harbour Investments Inc. grew its holdings in shares of Spotify Technology (NYSE:SPOT) by 935.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,101 shares of the company’s stock after purchasing an additional 1,898 shares during the period. Harbour Investments Inc.’s holdings in Spotify Technology were worth $1,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sapient Capital LLC acquired a new position in shares of Spotify Technology during the 2nd quarter worth approximately $322,000. Swedbank AB grew its position in shares of Spotify Technology by 1.4% during the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after purchasing an additional 13,458 shares in the last quarter. Legacy Capital Group California Inc. grew its position in shares of 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 purchasing an additional 2,049 shares in the last quarter. Harbor Investment Advisory LLC grew its position in shares of 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 purchasing an additional 544 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its position 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 purchasing an additional 769 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SPOT shares. Canaccord Genuity Group increased their price target on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price target on shares of Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Oppenheimer increased their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. DZ Bank upgraded shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Price Performance

Shares of NYSE:SPOT opened at $671.04 on Friday. The company has a market cap of $137.37 billion, a price-to-earnings ratio of 162.87, a PEG ratio of 3.17 and a beta of 1.67. The firm has a 50 day simple moving average of $699.44 and a 200 day simple moving average of $670.87. Spotify Technology has a one year low of $369.42 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, analysts expect 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.