100 Shares in Spotify Technology $SPOT Bought by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 100 shares of the company’s stock, valued at approximately $77,000.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of Spotify Technology by 42.3% during the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after buying an additional 1,262,614 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Spotify Technology by 3.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company’s stock worth $1,939,949,000 after buying an additional 112,553 shares during the period. Goldman Sachs Group Inc. lifted its position in Spotify Technology by 1,151.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock worth $957,494,000 after acquiring an additional 1,601,653 shares during the period. Northern Trust Corp lifted its position in Spotify Technology by 10.3% during the 1st quarter. Northern Trust Corp now owns 1,574,482 shares of the company’s stock worth $866,012,000 after acquiring an additional 147,580 shares during the period. Finally, Forsta AP Fonden lifted its position in Spotify Technology by 12.6% during the 1st quarter. Forsta AP Fonden now owns 1,559,652 shares of the company’s stock worth $857,855,000 after acquiring an additional 174,700 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Stock Performance

Spotify Technology stock opened at $620.37 on Thursday. Spotify Technology has a one year low of $376.04 and a one year high of $785.00. The business has a fifty day moving average of $687.82 and a two-hundred day moving average of $682.35. The company has a market cap of $127.00 billion, a P/E ratio of 97.54, a price-to-earnings-growth ratio of 3.32 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a net margin of 8.46% and a return on equity of 23.62%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Spotify Technology has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on SPOT shares. Pivotal Research decreased their price objective on Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a research report on Wednesday. Cantor Fitzgerald increased their price target on Spotify Technology from $640.00 to $675.00 and gave the stock a “neutral” rating in a report on Wednesday. Guggenheim decreased their price target on Spotify Technology from $850.00 to $800.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group reduced their target price on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Finally, BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.