Metis Global Partners LLC Raises Holdings in Spotify Technology $SPOT

Metis Global Partners LLC increased its position in Spotify Technology (NYSE:SPOT) by 48.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,760 shares of the company’s stock after purchasing an additional 1,232 shares during the period. Metis Global Partners LLC’s holdings in Spotify Technology were worth $2,885,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in shares of Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after acquiring an additional 25 shares in the last quarter. GFG Capital LLC purchased a new stake in Spotify Technology during the second quarter valued at $33,000. Truvestments Capital LLC bought a new position in Spotify Technology during the first quarter valued at $34,000. Avion Wealth purchased a new position in shares of Spotify Technology in the 2nd quarter worth $38,000. Finally, SouthState Corp bought a new stake in shares of Spotify Technology in the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $617.16 on Monday. The stock has a 50 day moving average price of $685.11 and a 200 day moving average price of $683.58. The firm has a market capitalization of $127.07 billion, a P/E ratio of 97.04, a P/E/G ratio of 2.49 and a beta of 1.67. Spotify Technology has a 52-week low of $397.33 and a 52-week high of $785.00.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, topping the consensus estimate of $1.87 by $1.96. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Pivotal Research lowered their price target on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Cantor Fitzgerald raised their price objective on Spotify Technology from $640.00 to $675.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Benchmark boosted their target price on Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. BNP Paribas Exane initiated coverage on Spotify Technology in a report on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price target on the stock. Finally, Wall Street Zen raised shares of Spotify Technology from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $729.94.

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.