GDS Wealth Management Acquires 1,324 Shares of Spotify Technology $SPOT

GDS Wealth Management increased its holdings in shares of Spotify Technology (NYSE:SPOT) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,867 shares of the company’s stock after purchasing an additional 1,324 shares during the quarter. GDS Wealth Management’s holdings in Spotify Technology were worth $13,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Sivia Capital Partners LLC purchased a new stake in shares of Spotify Technology during the 2nd quarter valued at about $312,000. Fifth Third Bancorp boosted its holdings in Spotify Technology by 255.0% in the second quarter. Fifth Third Bancorp now owns 1,072 shares of the company’s stock worth $823,000 after purchasing an additional 770 shares during the last quarter. Perigon Wealth Management LLC raised its stake in Spotify Technology by 6.9% during the 2nd quarter. Perigon Wealth Management LLC now owns 1,129 shares of the company’s stock valued at $866,000 after buying an additional 73 shares during the last quarter. Meyer Handelman Co. bought a new position in shares of Spotify Technology during the 2nd quarter valued at $433,000. Finally, Hartford Investment Management Co. boosted its stake in shares of Spotify Technology by 27.5% in the 2nd quarter. Hartford Investment Management Co. now owns 1,847 shares of the company’s stock worth $1,417,000 after buying an additional 398 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPOT shares. DZ Bank raised Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Erste Group Bank lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Pivotal Research decreased their price target on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Sanford C. Bernstein reduced their price objective on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and lowered their target price for the company from $735.00 to $700.00 in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $739.07.

Spotify Technology Stock Up 2.8%

NYSE SPOT opened at $512.45 on Friday. Spotify Technology has a twelve month low of $475.01 and a twelve month high of $785.00. The business has a 50-day moving average price of $569.50 and a 200-day moving average price of $644.22. The firm has a market cap of $105.51 billion, a price-to-earnings ratio of 80.57, a price-to-earnings-growth ratio of 0.97 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the company earned $1.45 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Spotify Technology News Summary

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

• Positive Sentiment: Goldman Sachs upgraded SPOT to Buy with a $700 price target, calling the recent selloff an attractive entry point ahead of results; that upgrade is a primary driver of the rally. Spotify Stock Rises After Buy Upgrade. Why Goldman Is Singing Its Praises.
• Positive Sentiment: Spotify rolled out an AI-driven “prompted playlist” for U.S. and Canadian Premium users that customizes playlists from natural-language prompts — a product improvement that may boost engagement and retention. Spotify launches AI-driven ‘prompted playlist’ for premium users in US, Canada
• Positive Sentiment: Spotify is also deploying other AI playlist tools and personalization features across markets — incremental product wins that support higher user engagement and upsell potential. Spotify Rolls Out AI-Driven Playlist Generator for U.S. and Canadian Premium Users
• Positive Sentiment: Reports that Spotify may let users sync audiobooks with physical books indicate new product expansion into audiobooks/reading-adjacent features — potential longer-term revenue diversification. Spotify might soon let you sync audiobooks with real books
• Neutral Sentiment: Tech press highlights how Spotify’s new playlist features differ from Apple Music — useful competitive context but not an immediate earnings driver. Spotify’s newest playlist feature is unlike anything on Apple Music
• Negative Sentiment: Analysts and commentators warn U.S. price hikes for Premium could test growth and raise churn risk, which is a near-term headwind for subscriber-led revenue. Spotify (SPOT) Valuation Check As New Premium Price Hikes Test Growth And Churn Concerns
• Negative Sentiment: Barclays issued a pessimistic forecast for SPOT, adding downside pressure and reminding investors valuation and execution risk remain. Barclays Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price
• Negative Sentiment: Commentators including Jim Cramer have flagged Spotify’s high P/E as a drag on the stock — valuation sensitivity means sentiment shifts can move the shares sharply. Jim Cramer says high price-to-earnings multiples are hurting Spotify stock

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.