Spotify Technology $SPOT Shares Bought by AlphaCore Capital LLC

AlphaCore Capital LLC increased its holdings in shares of Spotify Technology (NYSE:SPOT) by 650.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,681 shares of the company’s stock after buying an additional 1,457 shares during the period. AlphaCore Capital LLC’s holdings in Spotify Technology were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in shares of Spotify Technology in the second quarter valued at about $312,000. Brighton Jones LLC grew its stake in Spotify Technology by 998.6% during the 2nd quarter. Brighton Jones LLC now owns 656 shares of the company’s stock valued at $503,000 after acquiring an additional 729 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Spotify Technology by 19.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 1,401 shares of the company’s stock valued at $1,075,000 after acquiring an additional 228 shares in the last quarter. Advisory Alpha LLC acquired a new stake in Spotify Technology in the 2nd quarter valued at about $226,000. Finally, New York Life Investment Management LLC acquired a new stake in Spotify Technology in the 2nd quarter valued at about $246,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Trading Up 7.0%

SPOT stock opened at $495.71 on Friday. The business’s fifty day moving average price is $513.96 and its 200 day moving average price is $609.42. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00. The company has a market capitalization of $102.03 billion, a PE ratio of 51.42, a P/E/G ratio of 1.01 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, February 10th. The company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.14 billion. Spotify Technology had a return on equity of 31.35% and a net margin of 13.16%.Spotify Technology’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. Research analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analysts Set New Price Targets

SPOT has been the topic of several recent research reports. KeyCorp lowered their target price on Spotify Technology from $830.00 to $720.00 and set an “overweight” rating on the stock in a report on Monday, February 9th. Citigroup raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 price objective on the stock in a research note on Friday, January 30th. Citizens Jmp initiated coverage on Spotify Technology in a report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 target price for the company. Barclays lifted their price target on Spotify Technology from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Pivotal Research cut shares of Spotify Technology from a “buy” rating to a “hold” rating and lowered their price target for the company from $875.00 to $420.00 in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $698.91.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Analyst upgrades and price-target lift: Arete Research moved SPOT from neutral to buy with a $586 target, and a separate research upgrade highlighted stronger premium gross margins and “margin durability” — both signals that helped reduce investor concern about profitability and likely triggered buying. Arete Research / Finviz
• Positive Sentiment: Analyst note + market reaction: Coverage noting margin upside and manageable AI-related risks was flagged in market commentary as a reason for momentum following Spotify’s recent earnings reset (investor repositioning around improving operating leverage). QuiverQuant: Analyst Upgrade & Margin Upside
• Positive Sentiment: Sector tailwinds: industry pieces highlight that streaming platforms (including Spotify) are benefiting from a mix of ad growth, subscriptions and AI-driven personalization — a backdrop that supports higher monetization potential and investor appetite. Yahoo Finance: Must-Track Streaming Stocks
• Positive Sentiment: Product update that may boost engagement: Spotify rolled out “Smart Reorder” for playlists, a feature aimed at improving listening experience and playlist utility — a small but positive UX/engagement catalyst over time. Android Police: Smart Reorder
• Neutral Sentiment: Valuation and pullback analysis: Commentary assessing whether the recent price pullback makes SPOT attractive flags mixed signals — solid long-term gains but notable YTD and 1‑year declines that keep valuation debate active among investors. Yahoo Finance: Is Spotify Now Attractive?
• Negative Sentiment: Bearish outlook from Guggenheim: A recent pessimistic forecast raises downside concerns and reminds investors there is still disagreement on fair valuation and long-term upside, which could cap gains if more firms adopt a cautious view. American Banking News: Guggenheim Pessimistic Forecast

Spotify Technology Profile

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.