Cetera Investment Advisers Increases Position in Spotify Technology $SPOT

Cetera Investment Advisers lifted its stake in Spotify Technology (NYSE:SPOT) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,209 shares of the company’s stock after acquiring an additional 2,696 shares during the period. Cetera Investment Advisers’ holdings in Spotify Technology were worth $20,111,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in 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 purchasing an additional 25 shares in the last quarter. GFG Capital LLC purchased a new position in shares of Spotify Technology in the 2nd quarter worth approximately $33,000. Truvestments Capital LLC bought a new position in shares of Spotify Technology during the 1st quarter worth approximately $34,000. Avion Wealth purchased a new stake in Spotify Technology during the second quarter valued at approximately $38,000. Finally, SouthState Corp purchased a new stake in Spotify Technology during the first quarter valued at approximately $39,000. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

Shares of SPOT stock opened at $637.37 on Wednesday. The business has a fifty day moving average of $676.02 and a 200 day moving average of $685.04. Spotify Technology has a 1 year low of $443.21 and a 1 year high of $785.00. The firm has a market capitalization of $131.23 billion, a price-to-earnings ratio of 100.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPOT has been the topic of a number of recent analyst reports. Wall Street Zen raised Spotify Technology from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. DZ Bank upgraded Spotify Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. UBS Group lowered their price target on Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. KeyCorp cut their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, Cantor Fitzgerald lifted their target price on shares of Spotify Technology from $640.00 to $675.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $758.86.

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.