Spotify Technology $SPOT Stock Holdings Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in Spotify Technology (NYSE:SPOT) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,676 shares of the company’s stock after acquiring an additional 2,032 shares during the period. Commonwealth Equity Services LLC’s holdings in Spotify Technology were worth $13,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPOT. Great Lakes Advisors LLC raised its holdings in shares of Spotify Technology by 5.5% during the first quarter. Great Lakes Advisors LLC now owns 636 shares of the company’s stock valued at $350,000 after buying an additional 33 shares during the last quarter. Focus Partners Wealth grew its holdings in Spotify Technology by 194.5% in the 1st quarter. Focus Partners Wealth now owns 22,213 shares of the company’s stock worth $12,218,000 after buying an additional 14,670 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Spotify Technology by 99.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 790 shares of the company’s stock valued at $435,000 after acquiring an additional 394 shares during the period. Strs Ohio bought a new stake in Spotify Technology during the 1st quarter valued at $19,127,000. Finally, Private Client Services LLC acquired a new position in Spotify Technology during the 2nd quarter worth $256,000. 84.09% of the stock is owned by institutional investors and hedge funds.

More Spotify Technology News

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

• Positive Sentiment: Spotify launched social features — “Listening Activity” and “Request to Jam” — designed to boost real-time sharing and collaboration, which could increase user engagement and retention. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features: Here’s how they work
• Positive Sentiment: Spotify lowered criteria for video podcast monetization, broadening creator eligibility — this can expand creator supply and ad/subscription monetization opportunities. Spotify lowers criteria for video podcast monetisation. Check eligibility
• Neutral Sentiment: UBS trimmed its price target from $850 to $800 but kept a Buy rating — still implies significant upside, softening the negative impact of the cut. Benzinga
• Neutral Sentiment: Guggenheim reduced its target to $750 (from $800) while maintaining a Buy — another moderation of expectations rather than a downgrade. Benzinga
• Neutral Sentiment: Analyst-coverage summaries show mixed views across firms; useful to watch consensus revisions for guidance on future price moves. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating — a clear downgrade signal that likely contributed to downward pressure on the stock. Benzinga

Analyst Ratings Changes

Several research analysts have recently issued reports on SPOT shares. JPMorgan Chase & Co. increased their price target on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Argus started coverage on shares of Spotify Technology in a report on Monday, September 29th. They issued a “buy” rating and a $845.00 price objective for the company. Barclays lowered their target price on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Citizens Jmp started coverage on shares of Spotify Technology in a research report on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 price target on the stock. Finally, The Goldman Sachs Group lowered shares of Spotify Technology from a “buy” rating to a “neutral” rating and upped their price target for the stock from $765.00 to $770.00 in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $754.90.

Spotify Technology Stock Performance

Spotify Technology stock opened at $539.15 on Friday. The firm has a market cap of $111.01 billion, a price-to-earnings ratio of 84.77, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66. Spotify Technology has a 1 year low of $451.43 and a 1 year high of $785.00. The firm’s 50 day moving average price is $593.15 and its two-hundred day moving average price is $659.97.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $1.96. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.45 EPS. As a group, equities analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

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.