MGO One Seven LLC Acquires 946 Shares of Spotify Technology $SPOT

MGO One Seven LLC boosted its holdings in Spotify Technology (NYSE:SPOT) by 129.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,677 shares of the company’s stock after acquiring an additional 946 shares during the quarter. MGO One Seven LLC’s holdings in Spotify Technology were worth $1,287,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SPOT. Tsfg LLC bought a new position in Spotify Technology in the 1st quarter valued at about $28,000. Cornerstone Planning Group LLC lifted its position 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 acquiring an additional 41 shares in the last quarter. Sound Income Strategies LLC lifted its position 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 acquiring an additional 25 shares in the last quarter. GFG Capital LLC bought a new position in Spotify Technology in the 2nd quarter valued at about $33,000. Finally, Truvestments Capital LLC bought a new position in Spotify Technology in the 1st quarter valued at about $34,000. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Down 1.6%

NYSE:SPOT opened at $672.27 on Thursday. The stock has a market capitalization of $137.62 billion, a PE ratio of 163.17, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. The firm’s 50 day moving average is $700.64 and its 200 day moving average is $669.28. Spotify Technology has a 12 month low of $366.65 and a 12 month high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 13.67% and a net margin of 4.76%.The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Analysts Set New Price Targets

SPOT has been the topic of several recent research reports. Canaccord Genuity Group raised their price target on shares of Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. KeyCorp dropped their target price on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $765.00 to $770.00 in a research report on Tuesday, September 30th. DZ Bank raised shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 target price on the stock in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus target price of $731.16.

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.