Spotify Technology $SPOT Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co cut its holdings in shares of Spotify Technology (NYSE:SPOT) by 28.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215 shares of the company’s stock after selling 86 shares during the period. CENTRAL TRUST Co’s holdings in Spotify Technology were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SPOT. Sound Income Strategies LLC grew its stake in Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after purchasing an additional 25 shares in the last quarter. GFG Capital LLC purchased a new position in shares of Spotify Technology during the 2nd quarter valued at approximately $33,000. Truvestments Capital LLC acquired a new stake in shares of Spotify Technology during the first quarter worth approximately $34,000. Avion Wealth bought a new stake in shares of Spotify Technology in the second quarter worth $38,000. Finally, SouthState Corp bought a new stake in shares of Spotify Technology in the first quarter worth $39,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SPOT shares. Barclays reduced their price objective on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday. UBS Group lowered 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Spotify Technology in a report on Wednesday, October 8th. Finally, Morgan Stanley lowered their price target on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $758.86.

Spotify Technology Trading Down 0.4%

NYSE:SPOT opened at $645.05 on Friday. The stock has a 50 day moving average of $680.69 and a 200-day moving average of $683.31. The firm has a market capitalization of $132.81 billion, a PE ratio of 101.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.67. Spotify Technology has a 52 week low of $443.21 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the business posted $1.45 EPS. The business’s revenue was up 7.1% on a year-over-year basis. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

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.