Advisory Resource Group Sells 79 Shares of Spotify Technology $SPOT

Advisory Resource Group cut its stake in shares of Spotify Technology (NYSE:SPOT) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,722 shares of the company’s stock after selling 79 shares during the quarter. Advisory Resource Group’s holdings in Spotify Technology were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sapient Capital LLC purchased a new stake in Spotify Technology during the 2nd quarter valued at $322,000. Legacy Capital Group California Inc. boosted its holdings in shares of Spotify Technology by 110.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock valued at $2,990,000 after buying an additional 2,049 shares in the last quarter. Swedbank AB raised its stake in Spotify Technology by 1.4% during the first quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after buying an additional 13,458 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Spotify Technology by 36.0% during the second quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock valued at $1,576,000 after acquiring an additional 544 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Spotify Technology during the second quarter valued at approximately $18,877,000. 84.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Citigroup increased their price target on Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Argus started coverage on Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $758.86.

Spotify Technology Stock Performance

NYSE SPOT opened at $634.57 on Friday. The business’s fifty day moving average is $679.23 and its 200 day moving average is $683.57. Spotify Technology has a fifty-two week low of $443.21 and a fifty-two week high of $785.00. The company has a market capitalization of $130.65 billion, a PE ratio of 99.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 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 during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the prior year, the business posted $1.45 earnings per share. The business’s quarterly 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 forecast that Spotify Technology will post 10.3 EPS for the current year.

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.