Spotify Technology $SPOT Shares Purchased by YANKCOM Partnership

YANKCOM Partnership raised its position in Spotify Technology (NYSE:SPOT) by 61.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 276 shares of the company’s stock after acquiring an additional 105 shares during the quarter. YANKCOM Partnership’s holdings in Spotify Technology were worth $212,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Joel Isaacson & Co. LLC boosted its holdings in shares of Spotify Technology by 1.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after acquiring an additional 15 shares in the last quarter. Ignite Planners LLC lifted its position in Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after purchasing an additional 15 shares during the period. Hartford Investment Management Co. boosted its holdings in Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after purchasing an additional 16 shares in the last quarter. Stonekeep Investments LLC increased its position in Spotify Technology by 2.1% during the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after purchasing an additional 16 shares during the period. Finally, Moody National Bank Trust Division increased its position in Spotify Technology by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Down 4.5%

Shares of SPOT stock opened at $590.68 on Friday. Spotify Technology has a fifty-two week low of $443.21 and a fifty-two week high of $785.00. The business has a fifty day simple moving average of $672.31 and a 200-day simple moving average of $683.93. The stock has a market cap of $121.62 billion, a P/E ratio of 92.87, a P/E/G ratio of 2.04 and a beta of 1.67.

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

Wall Street Analysts Forecast Growth

SPOT has been the subject of several recent analyst reports. UBS Group reduced 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. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Cantor Fitzgerald boosted their target price on shares of Spotify Technology from $640.00 to $675.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Wells Fargo & Company increased their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Guggenheim reduced their price objective on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.