LifeWealth Investments LLC Has $426,000 Holdings in Spotify Technology $SPOT

LifeWealth Investments LLC boosted its holdings in shares of Spotify Technology (NYSE:SPOT) by 17.6% in the second quarter, HoldingsChannel reports. The fund owned 555 shares of the company’s stock after buying an additional 83 shares during the quarter. LifeWealth Investments LLC’s holdings in Spotify Technology were worth $426,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPOT. Goldman Sachs Group Inc. lifted its holdings in shares of Spotify Technology by 1,151.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after buying an additional 1,601,653 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Spotify Technology by 42.3% during the 1st quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock valued at $2,336,494,000 after buying an additional 1,262,614 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Spotify Technology during the 1st quarter valued at about $383,139,000. Axiom Investors LLC DE lifted its holdings in shares of Spotify Technology by 216.8% during the 1st quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock valued at $395,847,000 after buying an additional 492,504 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Spotify Technology by 39.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock valued at $648,434,000 after buying an additional 336,162 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Shares of SPOT stock opened at $674.73 on Thursday. The stock’s fifty day simple moving average is $698.72 and its 200 day simple moving average is $673.71. The firm has a market cap of $138.12 billion, a price-to-earnings ratio of 163.77, a P/E/G ratio of 3.29 and a beta of 1.67. Spotify Technology has a one year low of $376.00 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly 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). The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. 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 firm earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on SPOT. Barclays cut their price objective on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. The Goldman Sachs Group downgraded Spotify Technology from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $765.00 to $770.00 in a research report on Tuesday, September 30th. DZ Bank raised Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a research report on Wednesday, July 30th. Morgan Stanley dropped their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Spotify Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.