Chicago Partners Investment Group LLC Buys 271 Shares of Spotify Technology $SPOT

Chicago Partners Investment Group LLC raised its stake in Spotify Technology (NYSE:SPOT) by 87.1% during the second quarter, HoldingsChannel.com reports. The fund owned 582 shares of the company’s stock after acquiring an additional 271 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Spotify Technology were worth $447,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Joel Isaacson & Co. LLC grew its position in Spotify Technology by 1.0% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after acquiring an additional 15 shares during the last quarter. Ignite Planners LLC grew its holdings in shares of Spotify Technology by 2.4% during the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock worth $489,000 after purchasing an additional 15 shares during the last quarter. Hartford Investment Management Co. grew its holdings in shares of Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after purchasing an additional 16 shares during the last quarter. Stonekeep Investments LLC grew its holdings in shares of Spotify Technology by 2.1% during the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after purchasing an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in shares of Spotify Technology by 0.5% during the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after purchasing an additional 16 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPOT shares. Canaccord Genuity Group increased their price objective on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. BNP Paribas Exane initiated coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target on the stock. Oppenheimer increased their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. The Goldman Sachs Group lowered Spotify Technology from a “buy” rating to a “neutral” rating and increased their price objective for the company from $765.00 to $770.00 in a research report on Tuesday, September 30th. Finally, Citigroup increased their price objective on Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $674.73 on Thursday. Spotify Technology has a 52-week low of $376.00 and a 52-week high of $785.00. The stock has a market cap of $138.12 billion, a PE ratio of 163.77, a PEG ratio of 3.29 and a beta of 1.67. The firm’s 50 day moving average price is $698.72 and its two-hundred day moving average price is $673.71.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal 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.