Meitav Investment House Ltd. Purchases 24,173 Shares of Spotify Technology $SPOT

Meitav Investment House Ltd. lifted its position in shares of Spotify Technology (NYSE:SPOT) by 857.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,993 shares of the company’s stock after buying an additional 24,173 shares during the quarter. Meitav Investment House Ltd.’s holdings in Spotify Technology were worth $18,791,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPOT. Joel Isaacson & Co. LLC increased its position in Spotify Technology by 1.0% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after purchasing an additional 15 shares during the period. Ignite Planners LLC boosted its stake in shares of Spotify Technology by 2.4% during 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 in the last quarter. Cloud Capital Management LLC boosted its stake in shares of Spotify Technology by 4.8% during the second quarter. Cloud Capital Management LLC now owns 392 shares of the company’s stock valued at $301,000 after purchasing an additional 18 shares in the last quarter. Fullerton Fund Management Co Ltd. increased its holdings in Spotify Technology by 7.0% during the second quarter. Fullerton Fund Management Co Ltd. now owns 276 shares of the company’s stock valued at $212,000 after buying an additional 18 shares during the period. Finally, Huntington National Bank raised its stake in Spotify Technology by 3.9% in the second quarter. Huntington National Bank now owns 506 shares of the company’s stock worth $388,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Down 0.6%

Shares of Spotify Technology stock opened at $505.04 on Friday. The company has a 50 day moving average price of $582.72 and a 200 day moving average price of $651.80. The firm has a market capitalization of $103.98 billion, a P/E ratio of 79.41, a PEG ratio of 0.96 and a beta of 1.66. Spotify Technology has a 52 week low of $475.01 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT) last posted 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. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same period in the previous year, the firm posted $1.45 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Erste Group Bank downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Citizens Jmp assumed coverage on Spotify Technology in a research note on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 target price on the stock. Argus began coverage on shares of Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 price target for the company. Rosenblatt Securities lowered their price target on shares of Spotify Technology from $700.00 to $670.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Spotify Technology in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $743.90.

Key Stories Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Analysts and bullish commentators argue the $1 increase to the U.S. Individual plan ($11.99 → $12.99) will meaningfully lift revenue and operating leverage because incremental subscription dollars have high flow-through and low acquisition cost; MarketBeat’s deep dive highlights stronger margins, record free cash flow and a path to improved EPS. Spotify’s Price Hike: Why Subscribers Will Pay Up
• Positive Sentiment: Some buy-side commentary views the pullback as a buying opportunity; Seeking Alpha recommends “buy the dip,” arguing the price increase should boost margins and EPS with limited churn. Spotify: Buy The Dip As $12.99 Price Takes Hold
• Positive Sentiment: Benchmark cut its price target from $860 to $760 but kept a Buy rating — signaling continued analyst confidence in longer-term upside despite the reset. Benzinga coverage of Benchmark target change
• Neutral Sentiment: Multiple outlets (Reuters, CNBC, TechCrunch, WSJ) reported Spotify will raise Premium prices in the U.S., Estonia and Latvia effective next month — a factual development that triggered immediate market reaction but whose net impact depends on realized churn and royalty margins. Spotify to raise premium subscription price to $12.99 a month in select markets
• Negative Sentiment: Near-term market response was negative: the stock pulled back after the announcement, reflecting investor concern about potential subscriber cancellations and investor rotation away from richly valued growth names. Spotify (SPOT) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Some institutional notes are cautious—Wells Fargo published a pessimistic forecast highlighting downside risk if churn accelerates or competitive pricing pressure intensifies. Wells Fargo & Company Issues Pessimistic Forecast for Spotify
• Negative Sentiment: Critical coverage frames the raise as another consumer-cost squeeze amid broader inflation concerns, which could amplify sensitivity to future price actions. Spotify just announced another price hike. Here’s what’s really driving it

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.