AlTi Global Inc. Acquires 237 Shares of Spotify Technology $SPOT

AlTi Global Inc. lifted its holdings in Spotify Technology (NYSE:SPOT) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,033 shares of the company’s stock after purchasing an additional 237 shares during the quarter. AlTi Global Inc.’s holdings in Spotify Technology were worth $1,560,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sapient Capital LLC bought a new stake in shares of Spotify Technology in the second quarter worth $322,000. Swedbank AB increased its holdings in Spotify Technology by 1.4% during the first quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after buying an additional 13,458 shares during the last quarter. Legacy Capital Group California Inc. increased its holdings in Spotify Technology by 110.9% during the second quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after buying an additional 2,049 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in Spotify Technology by 36.0% during the second quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock worth $1,576,000 after buying an additional 544 shares during the last quarter. Finally, Annex Advisory Services LLC increased its holdings in Spotify Technology by 56.9% during the second quarter. Annex Advisory Services LLC now owns 53,984 shares of the company’s stock worth $41,424,000 after buying an additional 19,577 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

SPOT stock opened at $645.22 on Friday. The company’s 50-day simple moving average is $696.53 and its 200 day simple moving average is $675.70. Spotify Technology has a 52 week low of $376.00 and a 52 week high of $785.00. The company has a market capitalization of $132.08 billion, a PE ratio of 156.61, a price-to-earnings-growth ratio of 3.21 and a beta of 1.67.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPOT. Wells Fargo & Company boosted their target price on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Rosenblatt Securities restated a “neutral” rating and set a $679.00 target price on shares of Spotify Technology in a report on Wednesday, October 1st. KeyCorp lowered their target price on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group downgraded shares of Spotify Technology from a “buy” rating to a “neutral” rating and upped their price objective for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. Finally, Morgan Stanley decreased their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and a consensus price target of $731.16.

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.