Spotify Technology $SPOT Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of Spotify Technology (NYSE:SPOT) by 36.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,172 shares of the company’s stock after selling 1,786 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Spotify Technology were worth $2,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPOT. Goldman Sachs Group Inc. raised its stake in Spotify Technology by 1,151.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock worth $957,494,000 after acquiring an additional 1,601,653 shares in the last quarter. Jennison Associates LLC increased its stake in Spotify Technology by 42.3% in the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock valued at $2,336,494,000 after purchasing an additional 1,262,614 shares during the period. Nuveen LLC acquired a new position in Spotify Technology in the first quarter valued at $383,139,000. Axiom Investors LLC DE increased its stake in Spotify Technology by 216.8% in the first quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock valued at $395,847,000 after purchasing an additional 492,504 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Spotify Technology by 39.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock valued at $648,434,000 after purchasing an additional 336,162 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPOT has been the topic of a number of recent research reports. Bank of America lifted their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, June 26th. Barclays dropped their price objective on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. DZ Bank upgraded shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price objective on the stock in a research note on Wednesday, July 30th. Canaccord Genuity Group lifted their price objective on shares of Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Spotify Technology in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Stock Down 1.6%

Shares of Spotify Technology stock opened at $672.27 on Thursday. Spotify Technology has a 52-week low of $366.65 and a 52-week high of $785.00. The company’s 50-day simple moving average is $700.64 and its 200-day simple moving average is $669.28. The firm has a market cap of $137.62 billion, a price-to-earnings ratio of 163.17, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates 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 was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Spotify Technology will post 10.3 EPS 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.