Spotify Technology $SPOT is Trivest Advisors Ltd’s 3rd Largest Position

Trivest Advisors Ltd grew its stake in Spotify Technology (NYSE:SPOT) by 119.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,700 shares of the company’s stock after buying an additional 152,700 shares during the quarter. Spotify Technology makes up 8.4% of Trivest Advisors Ltd’s portfolio, making the stock its 3rd biggest holding. Trivest Advisors Ltd owned 0.14% of Spotify Technology worth $215,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after buying an additional 41 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Spotify Technology by 156.3% in the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after acquiring an additional 25 shares during the period. GFG Capital LLC bought a new position in shares of Spotify Technology in the second quarter worth about $33,000. Truvestments Capital LLC bought a new position in shares of Spotify Technology in the first quarter worth about $34,000. Finally, Avion Wealth bought a new position in shares of Spotify Technology in the second quarter worth about $38,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Down 1.5%

SPOT opened at $620.37 on Thursday. The stock’s fifty day moving average is $687.82 and its two-hundred day moving average is $682.35. The company has a market capitalization of $127.00 billion, a P/E ratio of 97.54, a PEG ratio of 3.32 and a beta of 1.67. Spotify Technology has a 52 week low of $376.04 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping the consensus estimate of $1.87 by $1.96. The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a return on equity of 23.62% and a net margin of 8.46%.Spotify Technology’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SPOT shares. KeyCorp dropped their price objective on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Morgan Stanley dropped their price objective on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Pivotal Research dropped their price objective on Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Wednesday. BNP Paribas Exane initiated coverage on Spotify Technology in a research note on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price target on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus price target of $729.94.

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.