Kingswood Wealth Advisors LLC Sells 6,209 Shares of Spotify Technology $SPOT

Kingswood Wealth Advisors LLC lowered its stake in shares of Spotify Technology (NYSE:SPOT) by 84.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,168 shares of the company’s stock after selling 6,209 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Spotify Technology were worth $896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPOT. Tsfg LLC bought a new stake in shares of Spotify Technology during the 1st quarter worth approximately $28,000. Cornerstone Planning Group LLC raised its stake in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. North Star Investment Management Corp. raised its stake in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. Sound Income Strategies LLC raised its stake in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after acquiring an additional 25 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Spotify Technology in the 1st quarter valued at $34,000. Institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPOT. Deutsche Bank Aktiengesellschaft increased their price target on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a research note on Wednesday, July 30th. Oppenheimer increased their price target on Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. Argus began coverage on Spotify Technology in a report on Monday, September 29th. They issued a “buy” rating and a $845.00 price objective on the stock. Finally, KeyCorp decreased their price objective on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Stock Performance

SPOT opened at $674.91 on Thursday. The firm has a market cap of $138.16 billion, a P/E ratio of 163.81, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. Spotify Technology has a 52-week low of $364.26 and a 52-week high of $785.00. The business’s fifty day moving average is $697.12 and its 200-day moving average is $666.06.

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

About Spotify Technology

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.