PFG Investments LLC Buys 448 Shares of Spotify Technology $SPOT

PFG Investments LLC boosted its stake in shares of Spotify Technology (NYSE:SPOT) by 65.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,133 shares of the company’s stock after acquiring an additional 448 shares during the quarter. PFG Investments LLC’s holdings in Spotify Technology were worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SPOT. Sapient Capital LLC purchased a new stake in shares of Spotify Technology during the second quarter valued at approximately $322,000. Legacy Capital Group California Inc. raised its holdings in Spotify Technology by 110.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock valued at $2,990,000 after buying an additional 2,049 shares during the last quarter. Swedbank AB boosted its position in Spotify Technology by 1.4% during the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after buying an additional 13,458 shares during the period. Harbor Investment Advisory LLC grew its holdings in Spotify Technology by 36.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock worth $1,576,000 after acquiring an additional 544 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock worth $1,486,000 after acquiring an additional 769 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SPOT. Wells Fargo & Company upped their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Cantor Fitzgerald increased their price objective on Spotify Technology from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. Evercore ISI lifted their price objective on Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, June 16th. Sanford C. Bernstein boosted their target price on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Finally, Phillip Securities raised Spotify Technology from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Stock Up 1.0%

SPOT opened at $707.70 on Friday. Spotify Technology has a 52 week low of $362.31 and a 52 week high of $785.00. The stock has a market cap of $144.87 billion, a PE ratio of 171.77, a PEG ratio of 3.32 and a beta of 1.67. The business has a 50 day moving average of $696.08 and a 200-day moving average of $663.52.

Spotify Technology (NYSE:SPOT) last issued 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). The firm had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.Spotify Technology’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

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.