Advisors Asset Management Inc. Purchases 1,039 Shares of Spotify Technology $SPOT

Advisors Asset Management Inc. lifted its position in Spotify Technology (NYSE:SPOT) by 28.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,733 shares of the company’s stock after buying an additional 1,039 shares during the period. Advisors Asset Management Inc.’s holdings in Spotify Technology were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SPOT. Pacer Advisors Inc. increased its position in shares of Spotify Technology by 13.2% during the 1st quarter. Pacer Advisors Inc. now owns 1,431 shares of the company’s stock valued at $787,000 after purchasing an additional 167 shares during the last quarter. LPL Financial LLC grew its position in Spotify Technology by 22.4% during the first quarter. LPL Financial LLC now owns 102,008 shares of the company’s stock valued at $56,108,000 after buying an additional 18,644 shares during the period. Norden Group LLC increased its holdings in Spotify Technology by 13.1% during the first quarter. Norden Group LLC now owns 508 shares of the company’s stock valued at $279,000 after buying an additional 59 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in Spotify Technology in the first quarter worth approximately $237,000. Finally, Fiera Capital Corp raised its position in Spotify Technology by 30.8% in the first quarter. Fiera Capital Corp now owns 8,366 shares of the company’s stock worth $4,602,000 after acquiring an additional 1,969 shares during the period. Institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

SPOT has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Argus began coverage on Spotify Technology in a research report on Monday, September 29th. They set a “buy” rating and a $845.00 target price on the stock. Barclays cut their price target on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Benchmark raised their price objective on Spotify Technology from $800.00 to $860.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, BNP Paribas Exane began coverage on Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $758.86.

Spotify Technology Price Performance

SPOT stock opened at $593.92 on Friday. Spotify Technology has a 1-year low of $443.21 and a 1-year high of $785.00. The business has a 50 day simple moving average of $660.27 and a two-hundred day simple moving average of $681.89. The company has a market capitalization of $122.28 billion, a price-to-earnings ratio of 93.38, a PEG ratio of 1.96 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its earnings results 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 firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Spotify Technology Company 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.