270 Shares in Spotify Technology $SPOT Acquired by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. purchased a new position in shares of Spotify Technology (NYSE:SPOT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 270 shares of the company’s stock, valued at approximately $207,000.

Several other institutional investors also recently made changes to their positions in SPOT. Mutual Advisors LLC purchased a new position in shares of Spotify Technology in the 1st quarter worth $187,000. Concurrent Investment Advisors LLC raised its holdings in shares of Spotify Technology by 4.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 1,340 shares of the company’s stock worth $737,000 after purchasing an additional 59 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Spotify Technology by 14.6% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 818 shares of the company’s stock worth $450,000 after purchasing an additional 104 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Spotify Technology by 51.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,136 shares of the company’s stock valued at $625,000 after purchasing an additional 386 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Spotify Technology by 886.7% during the 1st quarter. Brown Advisory Inc. now owns 35,186 shares of the company’s stock worth $19,353,000 after purchasing an additional 31,620 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Price Performance

NYSE:SPOT opened at $618.61 on Friday. The firm has a 50-day moving average of $686.43 and a two-hundred day moving average of $681.91. The stock has a market cap of $126.63 billion, a P/E ratio of 97.27, a PEG ratio of 3.09 and a beta of 1.67. Spotify Technology has a 1-year low of $391.42 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, topping 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 previous year, the company earned $1.45 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPOT. Phillip Securities raised shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 4th. Citigroup lifted their target price on shares of Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Morgan Stanley decreased 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 report on Wednesday, July 30th. Argus assumed coverage on Spotify Technology in a research report on Monday, September 29th. They issued a “buy” rating and a $845.00 price objective on the stock. Finally, Guggenheim decreased their target price on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $729.94.

About Spotify Technology

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.