Spotify Technology $SPOT Shares Purchased by Nicholas Wealth LLC.

Nicholas Wealth LLC. raised its stake in Spotify Technology (NYSE:SPOT) by 6.4% in the second quarter, HoldingsChannel reports. The fund owned 2,014 shares of the company’s stock after purchasing an additional 122 shares during the period. Nicholas Wealth LLC.’s holdings in Spotify Technology were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Spotify Technology by 1,151.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock valued at $957,494,000 after purchasing an additional 1,601,653 shares during the period. Nuveen LLC purchased a new position in Spotify Technology in the first quarter valued at $383,139,000. Axiom Investors LLC DE increased its holdings 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 buying an additional 492,504 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Spotify Technology by 215.3% in the second quarter. Bessemer Group Inc. now owns 505,329 shares of the company’s stock worth $387,758,000 after acquiring an additional 345,048 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Spotify Technology by 39.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock worth $648,434,000 after acquiring an additional 336,162 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPOT. Barclays dropped their target price on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Argus assumed coverage on Spotify Technology in a research note on Monday, September 29th. They set a “buy” rating and a $845.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Wells Fargo & Company upped their price objective 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. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Spotify Technology presently has a consensus rating of “Moderate Buy” and an average target price of $758.86.

Spotify Technology Stock Performance

Shares of SPOT opened at $637.37 on Wednesday. The stock has a 50 day moving average price of $676.02 and a 200 day moving average price of $685.04. Spotify Technology has a one year low of $443.21 and a one year high of $785.00. The stock has a market capitalization of $131.23 billion, a price-to-earnings ratio of 100.22, a PEG ratio of 2.12 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter in the previous year, the company posted $1.45 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Spotify Technology has set its Q4 2025 guidance at EPS. On average, analysts predict that Spotify Technology will post 10.3 earnings per share for the current 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.