Accretive Wealth Partners LLC Sells 20 Shares of Spotify Technology $SPOT

Accretive Wealth Partners LLC lessened its stake in shares of Spotify Technology (NYSE:SPOT) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,421 shares of the company’s stock after selling 20 shares during the quarter. Spotify Technology comprises 1.1% of Accretive Wealth Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Accretive Wealth Partners LLC’s holdings in Spotify Technology were worth $3,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Joel Isaacson & Co. LLC raised its stake in Spotify Technology by 1.0% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after buying an additional 15 shares during the period. Ignite Planners LLC raised its position in shares of Spotify Technology by 2.4% during the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock worth $489,000 after purchasing an additional 15 shares during the period. Hartford Investment Management Co. lifted its holdings in shares of Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after purchasing an additional 16 shares in the last quarter. Stonekeep Investments LLC grew its position in Spotify Technology by 2.1% in the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock valued at $593,000 after purchasing an additional 16 shares during the period. Finally, Moody National Bank Trust Division increased its stake in Spotify Technology by 0.5% during the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock valued at $2,249,000 after purchasing an additional 16 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

NYSE SPOT opened at $671.04 on Monday. The stock has a market capitalization of $137.37 billion, a price-to-earnings ratio of 162.87, a PEG ratio of 3.20 and a beta of 1.67. Spotify Technology has a one year low of $369.42 and a one year high of $785.00. The business’s fifty day moving average is $699.44 and its 200-day moving average is $672.40.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results 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). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, August 18th. Barclays dropped their price target on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. UBS Group decreased their price objective on Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. BNP Paribas Exane assumed coverage on Spotify Technology in a report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 target price on the stock. Finally, Morgan Stanley cut their target price on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus price target of $731.16.

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.