QTR Family Wealth LLC Acquires New Holdings in Spotify Technology $SPOT

QTR Family Wealth LLC bought a new position in Spotify Technology (NYSE:SPOT) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 372 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hartford Investment Management Co. grew its position in Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after buying an additional 16 shares in the last quarter. Stonekeep Investments LLC lifted its position in shares of Spotify Technology by 2.1% in the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after acquiring an additional 16 shares during the period. Moody National Bank Trust Division lifted its position in shares of Spotify Technology by 0.5% in the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after acquiring an additional 16 shares during the period. Citizens Financial Group Inc. RI grew its holdings in shares of Spotify Technology by 3.7% during the 1st quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company’s stock worth $262,000 after purchasing an additional 17 shares in the last quarter. Finally, HM Payson & Co. increased its position in shares of Spotify Technology by 39.1% during the first quarter. HM Payson & Co. now owns 64 shares of the company’s stock valued at $35,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Stock Down 4.1%

Shares of SPOT stock opened at $698.66 on Wednesday. The company has a market capitalization of $143.02 billion, a P/E ratio of 169.58, a P/E/G ratio of 3.13 and a beta of 1.71. Spotify Technology has a 12-month low of $362.31 and a 12-month high of $785.00. The firm has a 50-day moving average price of $694.95 and a 200 day moving average price of $662.49.

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

Analyst Ratings Changes

SPOT has been the subject of several research reports. Rosenblatt Securities reduced their target price on Spotify Technology from $703.00 to $679.00 and set a “neutral” rating for the company in a research report on Wednesday, July 30th. KeyCorp dropped their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. Benchmark dropped their price target on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Barclays cut their price target on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $731.16.

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.