Checchi Capital Advisers LLC Acquires Shares of 305 Spotify Technology $SPOT

Checchi Capital Advisers LLC acquired a new stake in Spotify Technology (NYSE:SPOT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 305 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPOT. Tsfg LLC purchased a new position in Spotify Technology in the 1st quarter valued at $28,000. Cornerstone Planning Group LLC lifted 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 purchasing an additional 41 shares in the last quarter. North Star Investment Management Corp. lifted its holdings in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares in the last quarter. Sound Income Strategies LLC lifted 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 purchasing an additional 25 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Spotify Technology during the 1st quarter worth $34,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPOT. Benchmark reduced their price target on Spotify Technology from $840.00 to $800.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Spotify Technology in a report on Saturday, September 27th. DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a report on Wednesday, July 30th. Pivotal Research lifted their price target on Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, June 17th. Finally, BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Trading Down 0.1%

Shares of SPOT opened at $679.89 on Wednesday. The firm has a market cap of $139.18 billion, a P/E ratio of 165.02, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. Spotify Technology has a 12-month low of $364.26 and a 12-month high of $785.00. The company’s 50-day moving average price is $696.61 and its 200 day moving average price is $666.00.

Spotify Technology (NYSE:SPOT) last released its 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 analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business’s 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 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current 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.