AlTi Global Inc. Has $1.56 Million Stake in Spotify Technology $SPOT

AlTi Global Inc. boosted its position in shares of Spotify Technology (NYSE:SPOT) by 13.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,033 shares of the company’s stock after buying an additional 237 shares during the period. AlTi Global Inc.’s holdings in Spotify Technology were worth $1,560,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Tsfg LLC bought a new position in shares of Spotify Technology in the first quarter worth about $28,000. Cornerstone Planning Group LLC raised its holdings in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after buying an additional 41 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after buying an additional 25 shares during the last quarter. GFG Capital LLC bought a new position in Spotify Technology in the 2nd quarter valued at approximately $33,000. Finally, Truvestments Capital LLC bought a new position in Spotify Technology in the 1st quarter valued at approximately $34,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPOT has been the subject of a number of research reports. BNP Paribas Exane initiated coverage on shares of Spotify Technology in a report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 price objective for the company. The Goldman Sachs Group lowered shares of Spotify Technology from a “buy” rating to a “neutral” rating and raised their price objective for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. Guggenheim reiterated a “buy” rating and issued a $850.00 price objective on shares of Spotify Technology in a report on Wednesday, September 3rd. Citigroup raised their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Finally, Benchmark dropped their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. One 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. According to data from MarketBeat.com, Spotify Technology currently has an average rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Stock Performance

Spotify Technology stock opened at $645.22 on Friday. Spotify Technology has a 52-week low of $376.00 and a 52-week high of $785.00. The firm has a 50 day moving average price of $696.53 and a two-hundred day moving average price of $675.70. The firm has a market cap of $132.08 billion, a price-to-earnings ratio of 156.61, a PEG ratio of 3.21 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) 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%.The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal 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.