Spotify Technology $SPOT Shares Sold by Whipplewood Advisors LLC

Whipplewood Advisors LLC cut its stake in Spotify Technology (NYSE:SPOT) by 10.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518 shares of the company’s stock after selling 59 shares during the period. Whipplewood Advisors LLC’s holdings in Spotify Technology were worth $397,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Anthracite Investment Company Inc. boosted its holdings in shares of Spotify Technology by 16.7% during the second quarter. Anthracite Investment Company Inc. now owns 7,000 shares of the company’s stock valued at $5,371,000 after acquiring an additional 1,000 shares during the period. Brighton Jones LLC lifted its position in Spotify Technology by 998.6% in the 2nd quarter. Brighton Jones LLC now owns 656 shares of the company’s stock valued at $503,000 after purchasing an additional 729 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in Spotify Technology by 5.8% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 1,375 shares of the company’s stock valued at $1,055,000 after purchasing an additional 75 shares during the period. B & T Capital Management DBA Alpha Capital Management grew its position in Spotify Technology by 13.7% in the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 1,250 shares of the company’s stock worth $959,000 after purchasing an additional 151 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its holdings in shares of Spotify Technology by 37.3% during the second quarter. Focus Partners Advisor Solutions LLC now owns 909 shares of the company’s stock valued at $698,000 after buying an additional 247 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Trading Down 4.3%

NYSE:SPOT opened at $645.22 on Friday. The company has a 50-day moving average of $696.53 and a 200-day moving average of $676.82. The firm has a market cap of $132.08 billion, a price-to-earnings ratio of 156.61, a price-to-earnings-growth ratio of 3.08 and a beta of 1.67. Spotify Technology has a twelve month low of $376.00 and a twelve month high of $785.00.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate 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 revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. KeyCorp cut their target price on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company upped their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. BNP Paribas Exane assumed coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 target price on the stock. Morgan Stanley reduced their price target on shares of 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, The Goldman Sachs Group lowered shares of Spotify Technology from a “buy” rating to a “neutral” rating and raised their price objective for the company from $765.00 to $770.00 in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $731.16.

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.