Spotify Technology $SPOT Shares Bought by Choreo LLC

Choreo LLC lifted its position in shares of Spotify Technology (NYSE:SPOT) by 19.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,821 shares of the company’s stock after buying an additional 1,447 shares during the period. Choreo LLC’s holdings in Spotify Technology were worth $6,769,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPOT. Sound Income Strategies LLC grew 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 purchasing an additional 25 shares during the period. GFG Capital LLC acquired a new position in Spotify Technology during the second quarter valued at approximately $33,000. Truvestments Capital LLC purchased a new stake in Spotify Technology during the first quarter worth approximately $34,000. Avion Wealth acquired a new stake in shares of Spotify Technology in the second quarter worth $38,000. Finally, SouthState Corp acquired a new stake in shares of Spotify Technology in the first quarter worth $39,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPOT has been the topic of several research reports. 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 report on Wednesday, November 5th. Benchmark increased their price objective on shares of Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group lowered Spotify Technology from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $765.00 to $770.00 in a research report on Tuesday, September 30th. UBS Group decreased their price target on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Finally, Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $758.86.

Spotify Technology Stock Performance

NYSE:SPOT opened at $593.92 on Thursday. Spotify Technology has a 1 year low of $443.21 and a 1 year high of $785.00. The business has a fifty day moving average of $663.06 and a 200-day moving average of $682.51. The stock has a market cap of $122.28 billion, a price-to-earnings ratio of 93.38, a PEG ratio of 1.93 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, beating analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter in the prior year, the firm posted $1.45 EPS. Spotify Technology’s revenue was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Spotify Technology will post 10.3 EPS 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.