Investment Advisory Services Inc. TX ADV Makes New Investment in Spotify Technology $SPOT

Investment Advisory Services Inc. TX ADV purchased a new position in Spotify Technology (NYSE:SPOT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 374 shares of the company’s stock, valued at approximately $287,000.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after acquiring an additional 1,601,653 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Spotify Technology by 42.3% in the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock valued at $2,336,494,000 after purchasing an additional 1,262,614 shares during the period. Nuveen LLC bought a new stake in shares of Spotify Technology in the first quarter valued at about $383,139,000. Axiom Investors LLC DE boosted its position in shares of Spotify Technology by 216.8% during the first quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock worth $395,847,000 after buying an additional 492,504 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Spotify Technology by 39.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock worth $648,434,000 after buying an additional 336,162 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

SPOT has been the subject of a number of recent research reports. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. Morgan Stanley cut their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of Spotify Technology from $730.00 to $780.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Evercore ISI lifted their price target on shares of Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a research note on Monday, June 16th. Finally, Guggenheim restated a “buy” rating and set a $850.00 price objective on shares of Spotify Technology in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $726.84.

Spotify Technology Price Performance

Shares of SPOT opened at $715.87 on Monday. The company has a market cap of $146.55 billion, a PE ratio of 173.76, a price-to-earnings-growth ratio of 3.08 and a beta of 1.71. The firm has a 50-day moving average of $694.06 and a 200-day moving average of $661.18. Spotify Technology has a one year low of $362.31 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

About Spotify Technology

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.