Baldwin Wealth Partners LLC MA Decreases Position in Spotify Technology $SPOT

Baldwin Wealth Partners LLC MA lessened its holdings in Spotify Technology (NYSE:SPOT) by 35.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 586 shares of the company’s stock after selling 317 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Spotify Technology were worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jennison Associates LLC raised its stake in Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after acquiring an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Spotify Technology by 3.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock worth $1,939,949,000 after purchasing an additional 112,553 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,601,653 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Spotify Technology by 10.3% in the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock valued at $866,012,000 after purchasing an additional 147,580 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of Spotify Technology by 12.6% in the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock valued at $857,855,000 after purchasing an additional 174,700 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

NYSE SPOT opened at $671.93 on Friday. The firm has a market cap of $137.55 billion, a PE ratio of 163.09, a P/E/G ratio of 3.19 and a beta of 1.67. Spotify Technology has a one year low of $364.26 and a one year high of $785.00. The firm’s fifty day moving average is $698.03 and its two-hundred day moving average is $666.52.

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

Analyst Ratings Changes

Several research firms have recently weighed in on SPOT. The Goldman Sachs Group downgraded Spotify Technology from a “buy” rating to a “neutral” rating and boosted their target price for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. DZ Bank raised Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 target price for the company in a report on Wednesday, July 30th. KeyCorp reduced their target price on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Rosenblatt Securities restated a “neutral” rating and issued a $679.00 price objective on shares of Spotify Technology in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology 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.