Nisa Investment Advisors LLC Cuts Stake in Spotify Technology $SPOT

Nisa Investment Advisors LLC cut its holdings in Spotify Technology (NYSE:SPOT) by 23.8% in the third quarter, Holdings Channel reports. The fund owned 18,254 shares of the company’s stock after selling 5,713 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Spotify Technology were worth $12,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Knuff & Co LLC bought a new stake in shares of Spotify Technology in the 2nd quarter valued at about $27,000. Heartwood Wealth Advisors LLC purchased a new position in Spotify Technology during the third quarter valued at approximately $27,000. Total Investment Management Inc. bought a new position in Spotify Technology in the second quarter worth approximately $29,000. Sound Income Strategies LLC lifted its holdings in Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares during the period. Finally, Albion Financial Group UT lifted its holdings in Spotify Technology by 80.0% during the third quarter. Albion Financial Group UT now owns 45 shares of the company’s stock worth $31,000 after buying an additional 20 shares during the period. 84.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded Spotify Technology from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Phillip Securities upgraded Spotify Technology from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 10th. BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Benchmark increased their price target on shares of Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, UBS Group cut their price objective on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $754.90.

Spotify Technology Stock Performance

Shares of NYSE SPOT opened at $539.15 on Friday. Spotify Technology has a fifty-two week low of $451.43 and a fifty-two week high of $785.00. The company has a market cap of $111.01 billion, a PE ratio of 84.77, a P/E/G ratio of 0.99 and a beta of 1.66. The business has a 50-day simple moving average of $593.15 and a two-hundred day simple moving average of $660.60.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $1.96. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 earnings per share. On average, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Key Spotify Technology News

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify launched social features — “Listening Activity” and “Request to Jam” — designed to boost real-time sharing and collaboration, which could increase user engagement and retention. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features: Here’s how they work
• Positive Sentiment: Spotify lowered criteria for video podcast monetization, broadening creator eligibility — this can expand creator supply and ad/subscription monetization opportunities. Spotify lowers criteria for video podcast monetisation. Check eligibility
• Neutral Sentiment: UBS trimmed its price target from $850 to $800 but kept a Buy rating — still implies significant upside, softening the negative impact of the cut. Benzinga
• Neutral Sentiment: Guggenheim reduced its target to $750 (from $800) while maintaining a Buy — another moderation of expectations rather than a downgrade. Benzinga
• Neutral Sentiment: Analyst-coverage summaries show mixed views across firms; useful to watch consensus revisions for guidance on future price moves. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating — a clear downgrade signal that likely contributed to downward pressure on the stock. Benzinga

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.