Concurrent Investment Advisors LLC Buys 4,287 Shares of Spotify Technology $SPOT

Concurrent Investment Advisors LLC raised its stake in Spotify Technology (NYSE:SPOT) by 319.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,627 shares of the company’s stock after buying an additional 4,287 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Spotify Technology were worth $4,318,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Johnson Investment Counsel Inc. bought a new stake in shares of Spotify Technology in the second quarter worth $296,000. Natural Investments LLC lifted its position in shares of Spotify Technology by 6.4% in the second quarter. Natural Investments LLC now owns 966 shares of the company’s stock worth $741,000 after purchasing an additional 58 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Spotify Technology by 95.6% in the second quarter. Aberdeen Group plc now owns 422,421 shares of the company’s stock worth $324,141,000 after purchasing an additional 206,423 shares in the last quarter. Zullo Investment Group Inc. lifted its position in shares of Spotify Technology by 1.7% in the second quarter. Zullo Investment Group Inc. now owns 1,200 shares of the company’s stock worth $921,000 after purchasing an additional 20 shares in the last quarter. Finally, PDS Planning Inc lifted its position in shares of Spotify Technology by 11.8% in the second quarter. PDS Planning Inc now owns 1,184 shares of the company’s stock worth $909,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Wall Street Analyst Weigh In

SPOT has been the topic of a number of research reports. BNP Paribas raised shares of Spotify Technology to a “strong-buy” rating in a research report on Tuesday, September 16th. UBS Group cut their price objective on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Guggenheim reaffirmed a “buy” rating and set a $850.00 price target on shares of Spotify Technology in a research report on Wednesday, September 3rd. Wells Fargo & Company upped their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Evercore ISI upped their price target on shares of Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, June 16th. One investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Price Performance

Shares of SPOT opened at $691.38 on Tuesday. The firm has a market capitalization of $141.53 billion, a PE ratio of 167.81, a PEG ratio of 3.23 and a beta of 1.67. The company’s 50-day moving average is $699.82 and its 200-day moving average is $669.16. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data 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 company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology’s revenue for the quarter was up 10.1% compared to the same quarter last year. 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. Analysts predict that Spotify Technology will post 10.3 earnings per share 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.